2 106Th St Everett, WA 98208
This exceptional 1-acre property in Everett, Washington, presents a unique development opportunity. Comprising five individual lots situated on a quiet dead-end street in unincorporated Snohomish County, this land is ideally located within the Urban Growth Area (UGA) and zoned UMDR. The UMDR zoning allows for a variety of residential development options, including single-family detached homes, single-family attached homes, duplexes, townhouses, and cottage housing. Furthermore, several special development approaches are permitted, such as Lot Size Averaging, Mixed Townhouse developments, and Planned Residential Developments, offering flexibility for creative project designs. The potential for increased density through Transfer of Development Rights (TDR) further enhances the investment potential. This property is served by the Mukilteo School District and Mukilteo Water/Wastewater District. The asking price is $1,300,000, translating to a land value of $33.29 per square foot. The property is sold "as-is, where-is," and the seller has not conducted any studies. Prospective buyers are responsible for verifying all information to their satisfaction. This is an exceptional opportunity for developers seeking a prime location with significant potential for residential development in a desirable area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.