12631 Ruggs Lake Road, Everett, WA 98208 (MLS # 2581868)
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Listing provided courtesy of Northwest MLS; Green Path Real Estate
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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), sold as-is, currently vacant 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 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.
| LAST UPDATED | 10/24/2026 | TRACT | Riverside |
|---|---|---|---|
| YEAR BUILT | 1973 | COMMUNITY | Riverside |
| COUNTY | Snohomish | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Penny Creek Elem |
|---|---|
| Jr. High School | Eisenhower Mid |
| High School | Cascade High |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Microwave, Refrigerator, Water Heater |
| AREA | 740 - Everett/Mukilteo |
| BASEMENT | None |
| EXTERIOR | Garden |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HEAT | Electric, Heat Pump |
| INTERIOR | Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Water Heater |
| LOT | 1.23 acre(s) |
| LOT DESCRIPTION | Dead End Street, Open Space, Paved |
| MLS STATUS | Active |
| PARKING | Attached, RV Access/Parking |
| SEWER | Septic Tank |
| STORIES | Split/Multi Level |
| STYLE | 14 - Split Entry |
| SUBDIVISION | Riverside |
| TAXES | 7601.89 |
| UTILITIES | Cable Available, Sewer Available |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/24/26 8:24 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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