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Lake Stevens Development Opportunity
For Sale
$300,000

1926 94th Drive, Lake Stevens, WA 98258

Corner lot suitable for multi-family development in Lake Stevens.

Property SizeContact for details
Days on Market467

Property Features for 1926 94th Drive

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $1,883
Listing Agency: COMPASS
Listed By: TANYA MOCK
Source: Corcoran
Added: May 21, 2025 Changed: Mar 16 Last Checked: Aug 25 at 5:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS

Investment Insights

Based on property information with market context.

This .21-acre (9,148 SF) corner lot presents an exceptional development opportunity in Lake Stevens. Zoned Urban Residential (UR), the site is suitable for a multi-family build. The City of Lake Stevens supports a triplex on this site, making it ideal for investment or custom build-to-suit housing. The flat, ready-to-develop parcel is cleared and utilities are nearby. Located near 20th St SE, the property offers convenient access to highways, schools, shopping, and the lake. The property is located in a growing, high-demand community.

Key Highlights

  • Multi‑family development opportunity: Zoned Urban Residential (UR) with City support for a triplex.
  • Prime location in Lake Stevens: Desirable area with easy access to highways, schools, shopping, and the lake.
  • Ready to develop: Flat, cleared .21‑acre corner lot with utilities nearby.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Hair Salon Pharmacy Dental Office Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

99
Businesses Nearby

Demographics for 98258, WA

51,995
Population
18,397
Households
2.8
Avg Household Size
36
Median Age
32%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
1,401
Density / Sq Mi
$120,571
Median Household Income
$63,208
Median Earnings
$2,187
Median Rent
$606,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Corner lot suitable for multi-family development in Lake Stevens.
Where is this residential land & home lot located?
The property is located at 1926 94th Drive Lake Stevens, WA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Multi‑family development opportunity: Zoned Urban Residential (UR) with City support for a triplex.; Prime location in Lake Stevens: Desirable area with easy access to highways, schools, shopping, and the lake.; Ready to develop: Flat, cleared .21‑acre corner lot with utilities nearby.
More about this property
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