21404 46th Place W Mountlake Terrace, WA $ 850,000
21404 46th Place W
$ 850,000
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21404 46th Place W

Mountlake Terrace, WA, 98043
$ 850,000
Baths0.0 Sq 2,417

Monthly Estimate*

$ 5,234

Listed by COMPASS
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Studio

Multi-Family Home for sale in Mountlake Terrace, WA

for $850,000. This 2,417 square foot home was built in 1979 on a lot size of 0.26.

Tucked away on a quiet cul-de-sac just minutes from the Mountlake Terrace light rail station, this thoughtfully updated duplex blends comfort, efficiency, and long-term upside. A brand-new roof installed last month offers peace of mind for years to come. Both units have been renovated with new carpet, new appliances, and refreshed kitchens featuring quartz countertops and modern finishes. In-unit washers and dryers provide everyday convenience, while mini-splits with A/C in the living area and bedrooms of the upper unit deliver efficient year-round comfort. Storage is exceptional, with a fully finished attic offering flexible space for seasonal items, hobbies, or additional storage, plus an attached single-car garage for added functionality. The upstairs unit is leased through October 31, 2026, providing stable income, while the downstairs unit is month-to-month, offering flexibility for future plans. Tenants pay all utilities, helping keep operating expenses low. Ideal for investors or owner-occupants, the property offers updated systems, strong rental appeal, and unbeatable proximity to transit, shopping, and major commuter routes, all within a peaceful residential setting. A rare opportunity in one of Mountlake Terrace’s fastest-growing pockets.

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Multi-Family Active

Price

$ 850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,158

Style

Duplex

Lot Size

0.26

Year Built

1979

Town/City

Mountlake Terrace

County/Region

Snohomish

MLS | Web ID

2488037

Features
General
Living Area 0
Sewer Sewer Connected
Heating 90%+ High Efficiency Ductless Wall Unit(s)
Cooling 90%+ High Efficiency Ductless
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 2
Security Features Fully Fenced
Year Built 1979
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Snohomish
Net Operating Income 41718
Insurance Expense 2018.46
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Mountlake Terrace
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS works great. From I5 go East on 220th St SW Left on 52nd SE W Right on 212th St SW Right on 44th Ave W Right on 215th St SW Curve right to 46th Pl SW House is on the Left
City Mountlake Terrace
Senior Community Y/N N
High School District Edmonds
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 11326
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 6158.93
Electric Expense 0
Fuel Expense 0
Property Condition Very Good
Public Remarks Tucked away on a quiet cul-de-sac just minutes from the Mountlake Terrace light rail station this thoughtfully updated duplex blends comfort efficiency and long-term upside. A brand-new roof installe
Leasable Area 2688
Virtual Tour https://my.matterport.com/show/?m=LVgRvyrrSr8&mls=1
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Mountlake Terrace Utilities
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 4.91
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Exterior
Exterior Amenities Wood
Lot Features Cul-De-Sac Curbs Dead End Street Paved Sidewalk
Water Source Public
Foundation Details Poured Concrete
Building Area Total 2417
Lot Size Acres 0.26
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Fully High Speed Internet Patio
Parking Uncovered Total 2
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Wood
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2488037
Street Number 1 21404
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* Excluded Features
List By
Nic Chambers

Listing Agent

Compass

Broker

Affordability Calculator

$5,747
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,234
Monthly Property Taxes
$513
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256968 Elementary School
257957 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/5/2026$850,000 Listed Price

Map


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21404 46th Place W, Mountlake Terrace, WA, 98043 is a Multi-Family Home for sale at $850,000 with 2,417 sqft and a lot size of 0.26. 21404 46th Place W is a studio with 0.0 baths and was built in 1979. The property's zip code is 98043 which is in Mountlake Terrace, WA