Property Description
Prime Investment & Development Opportunity in South Everett's Ruggs Lake Community! Rare 1.23-acre (53,579 SF) lot zoned LDMR, allowing 1 unit per 4,000 SF — with rezone potential to MR (1 unit per 2,000 SF), doubling density for townhome or multi-unit development. Based on current zoning, an estimated 10–16 units may be buildable on this lot (buyer to verify with Snohomish County Planning Department). This is a rare opportunity to secure a sizable, flexible parcel in a well-established neighborhood with strong rental demand and limited comparable inventory. Spacious 4-bed, 2.5-bath home (2,335 SF), sold as-is, currently vacant with rental potential of approximately $3,000/mo, offering holding income while permitting and entitlements are finalized. Sewer available in street, simplifying future development costs. Tucked on a quiet dead-end road with community access to Ruggs Lake, the property offers a peaceful setting while remaining minutes from Mill Creek Town Center, shopping, dining, and major employers. With Snohomish County's continued population growth and rising demand for multi-family housing, this property offers a compelling blend of immediate utility and long-term development upside. Ideal for developers pursuing a multi-unit build-out, or investors seeking a buy-and-hold asset with significant appreciation potential. Buyer and buyer's agent to independently verify zoning, unit count, and development feasibility with Snohomish County.
Property Details 12631 Ruggs Lake Road, Everett, WA, 98208
General
- {{Item.Label}}: {{Item.Value}}
Interior Features
- {{Item.Label}}: {{Item.Value}}
Exterior Features
- {{Item.Label}}: {{Item.Value}}
Additional Features
- {{Item.Label}}: {{Item.Value}}
Schools
- {{Item.Label}}: {{Item.Value}}
Agent Compensation
- {{Item.Label}}: {{Item.Value}}
Financial Considerations
- {{Item.Label}}: {{Item.Value}}
Financial Considerations
- {{Item.Label}}: {{Item.Value}}
Size & Lot
- {{Item.Label}}: {{Item.Value}}
Utilities
- {{Item.Label}}: {{Item.Value}}
Activity
- {{Item.Label}}: {{Item.Value}}
Estimated Monthly Mortgage Calculator
This calculator is provided by Burrow Services, Inc. for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax, or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.