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About the Listing 7456 - 80605
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), 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 or investors 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.
Listing Highlights for 12631 Ruggs Lake Rd
Interior Details
- Bedrooms: 4
- Bathrooms: 1 Full / 2 Three-Quarter
- Appliances: Microwave, Refrigerator, Stove(s)/Range(s), Microwave(s), Refrigerator(s)
- Air Cond: Heat Pump
- Heating: Heat Pump
- Fireplaces: 2, 2 Fireplace
- Floor: Ceramic Tile,Hardwood,Carpet
- Basement:
- Other: Bath Off Primary,Ceiling Fan(s),Dining Room,Fireplace,Water Heater
- Water: Silver Lake Water
Exterior Details
- Lot Description: Dead End Street,Open Space,Paved,Built On Lot,Cable TV,Deck,Fenced-Partially,Patio,RV Parking
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof: Composition
- Others: Wood,Average
- Sewer: Available,Septic Tank
- Parking Features: Attached Garage,RV Parking,Covered
Financial Details
- Tax Amount: $7,602
- Taxes w/Assessments: N/A
- Tax/Property ID: 00562800004800
- Tax Year: 2026
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Listing Location
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12631 Ruggs Lake Rd Everett, WA 98208
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