21404 46th Place W, Mountlake Terrace, WA 98043
- $835,000
- 2,417
- SqFt
Listing courtesy of COMPASS. Selling Office: John L. Scott, Inc..
- Sold Price
- $835,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 2488037
- Closing Date
- May 07, 2026
- Days on Market
- 25
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,417
- Area Total SqFt
- 2417
- Annual Tax Ammount
- 6158.93
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 11,326
- Sewer
- Sewer Connected
Property Description
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 tenant moves out on April 30, 2026, 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.
/u.realgeeks.media/tamarapopadic/eXp-Realty-logo-color.png){kind=logo}
Additional Information
- List Date
- 2026-04-12 00:00:00
- Community
- Mountlake Terrace
- Net Operating Income
- $41,718
- Gross Adjusted Income
- $49,896
- Gross Scheduled Income
- $50,400
- Total Monthly Income
- $4,300
- Insurance Expenses
- $2,018
- Gross Rent Multiplier
- 16.87
- Total Expenses
- $8,177
- Cap Rate
- 4.91
- Vacancy Rate
- 1
- Total Number of Units
- 2
- Unit Name
- 21404
- Potential Terms
- Cash, Conventional
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
- Energy Source
- Electric, Wood
- School District
- Edmonds
- Total Monthly Income
- $4,300
- Gross Scheduled Income
- $50,400
- Vacancy Rate
- 1
- Gross Adjusted Income
- $49,896
- Tax Year
- 2026
- Insurance Expense
- $2,018
- Total Expenses
- $8,177
- Net Operating Income
- $41,718
- Gross Rent Multiplier
- 16.87
- Cap Rate
- 4.91
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.