5507 240th Street SW, Mountlake Terrace, WA 98043 (MLS # 2572307)
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Listing provided courtesy of Northwest MLS; John L. Scott, Inc.
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Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7,800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown, with desirable BC/D zoning offering significant long-term potential. The property is currently improved with an existing residence and occupied by a long-standing month-to-month tenant, providing income while a buyer evaluates future plans. An excellent opportunity for a developer, investor, or owner looking to secure a strategically located property in one of Mountlake Terrace's evolving transit-oriented areas. Buyer to verify zoning, development potential, permitted uses, and all information to buyer's satisfaction. Please do not disturb tenant or walk the property without prior permission.
| LAST UPDATED | 8/20/2026 | TRACT | Mountlake Terrace |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Mountlake Terrace |
| COUNTY | Snohomish | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Buyer To Verify |
|---|---|
| Jr. High School | Buyer To Verify |
| High School | Buyer To Verify |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 730 - Southwest Snohomish |
| BASEMENT | None |
| GARAGE | Attached Garage, Yes |
| HEAT | Baseboard, Electric |
| LOT | 7841 sq ft |
| LOT DESCRIPTION | Corner Lot, Paved |
| MLS STATUS | Active |
| PARKING | Driveway, Attached |
| STORIES | 1 |
| STYLE | 10 - 1 Story |
| SUBDIVISION | Mountlake Terrace |
| TAXES | 4769 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/20/26 9:43 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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