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$1,650,000 Just Listed

  • For Sale
  • Active
  • Industrial
  • Updated 14 hours ago

Listed by Rick Juma | AQUA Real Estate | (206) 688-2782

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Positioned at the gateway to Mountlake Terrace, just off I-5 and adjacent to the Gateway Development and newly constructed Terrace Station-with the 244th Light Rail station arriving in 2024-this property offers a rare investment and redevelopment opportunity. The site features an existing two-story office building fully leased to nine tenants across two tax parcels, with abundant on-site parking. Its level topography and prominent location-bordered by streets on three sides-enhance both accessibility and visibility. Zoning supports future redevelopment for up to 18 residential units along with approximately 2,000 square feet of prime ground-floor retail space, as indicated by a recent massing study. The current income stream provides a stable hold during entitlement or a solid long-term investment option.

Full Property Details for 5903 244th St SW

General

  • Price: $1,650,000
  • Taxes: $8,157 (2025)
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2504220
  • Updated: 4/8/2026
  • Added to Site: 1 day(s) ago

Parking

  • Covered Spaces: 3
  • Uncovered Spaces: 26

Location

  • Area: 730 - Southwest Snohomish
  • County: Snohomish
  • Subdivision: Mountlake Terrace
  • Driving Directions: From I-5 N, take exit 177, follow signs for 244th St SW. Continue onto 244th St SW, destination will be on your left.

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Foundation: Poured Concrete
  • Year Built: 1964

Lot Features

  • Lot Size (Acres): 0.28
  • Lot Size (Sq. Ft.): 12,197
  • Lot Size Source: County
  • Lot Dimensions: 55 x 10
  • Zoning: Commercial

Financial Considerations

  • Tax Amount: $8,157
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Surveyed: false
  • Property ID: 520500902300

Listed by Rick Juma | AQUA Real Estate | (206) 688-2782

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Schools serving 5903 244th St SW

School District:Edmonds School District
NameGradesDistance
Mountlake Terrace Elementary School
22001 52nd Avenue West, Mountlake Terrace, WA 98043
K-61.6 mi
Brier Terrace Middle School
22200 Brier Road, Brier, WA 98036
7-82.2 mi
Mountlake Terrace High School
21801 44th Ave W, Mountlake Terrace, WA 98043
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5903 244th St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/07/2026
Listed
$1,650,000
28.4%
MLS
4/03/2023
Sold
$1,285,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5903 244th St SW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,157
-49%
$1,039,500
11%
2025
$16,151
147%
$937,900
8%
2023
$6,544
10%
$867,200
19%
2021
$5,936
-6%
$727,000
—
2022
$6,322
7%
$727,000
12%
2021
$5,936
-7%
$647,000
—
2020
$6,379
7%
$647,000
6%
2019
$5,982
-9%
$610,000
4%
2018
$6,588
7%
$585,000
2%
2017
$6,146
4%
$575,000
—
2016
$5,911
-6%
$575,000
—
2015
$6,301
-1%
$575,000
—
2014
$6,364
—
$575,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Rick Juma | AQUA Real Estate | (206) 688-2782

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5903 244th Street SW, Mountlake Terrace, WA 98043 (MLS# 2504220) is a Industrial property. 5903 244th Street SW is currently listed for $1,650,000 and was received on April 07, 2026. Want to learn more about 5903 244th Street SW? Do you have questions about finding other Industrial real estate for sale in Gateway? You can browse all Gateway real estate or contact a Coldwell Banker agent to request more information.

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