Property Details
22615 W 44th Ave
Mountlake Terrace, WA 98043
$1,269,999
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Property Overview
Gorgeous Duplex in Mountlake Terrace! Nestled behind a large driveway lined with mature evergreens, this spacious duplex offers privacy, comfort, and incredible investment potential. Featuring two mirror-image units — Unit A and Unit B — this property includes a total of 6 bedrooms (3 per unit) and 6 bathrooms (2.5 per unit). Unit A has been thoughtfully updated with new flooring installed in 2025, brand-new upstairs carpet, and freshly painted walls, creating a clean and modern feel throughout. Unit B features LVP flooring in great condition, upstairs carpeting, and a kitchen enhanced with additional floor-to-ceiling cabinetry for extra storage and functionality. Enjoy outdoor living with Unit B’s fully private covered backyard porch complete with a hot tub, plus two storage sheds perfect for gardening tools and outdoor equipment. Unit B also includes a refrigerator, washer, dryer, stove, and dishwasher. Excellent opportunity for owner occupancy with Unit B available for living space while generating rental income from the tenant-occupied Unit A. This versatile property combines comfort, convenience, and strong income potential in a desirable Mountlake Terrace location. Unit B includeds HOT TUB on covered backyard porch, refigerator, washer, dryer, stove and dishwasher. Legal description: SECTION 27 TOWNSHIP 27 RANGE 04 QUARTER SW – N 82.5FT OF W 226FT OF S 165FT OF N 4 AC OF SW1/4 SW1/4 SW1/4 EXC W 30FT AKA PAR A OF CITY OF MLT BLA REC AFN 200205205001
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Mountlake Terrace
Listed
Jun 7, 2026
Original Price
$1,320,000
Structure Type
Duplex
Parcel Number
27042700301500
Tax & HOA
Annual Property Tax
$9,106 (2026)
Est. Monthly Tax
$759/mo
Financial Summary
Cap Rate
2.23%
Net Operating Income
$18,569
Gross Scheduled Income
$39,480
Gross Rent Multiplier
21.00
Total Expenses
$20,431
Building & Use
Building Sq Ft
3,292
Leasable Area
3,292 sqft
Total Units
2
Lot Size
16,117 sqft
Year Built
2003
Exterior & Lot
Lot Size
0.37 sqft
Year Built
2003
Garage
4 spaces
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Exterior Features
Metal/Vinyl
Community & Access
Directions
5S EXIT 181A (196th St. S.W./WA-524W), RIGHT at the fork towards WA-524W, LEFT on 44th Ave. W. & duplex is on the LEFT. I5N EXIT 181A (44th Ave. W.), RIGHT on 44th Ave. W. & duplex is on the LEFT.
Location
City
Mountlake Terrace
County
Snohomish
Coordinates
47.79332, -122.29174
Additional Information
Tax Year
2026
Annual Taxes
$9,106
Possession
Array
Based on information submitted to the MLS GRID as of August 12, 2026 6:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
