Turnkey investment opportunity in a convenient Mountlake Terrace location! This 3-bedroom, 1.5-bath rambler is currently tenant-occupied with a lease in place through 4/1/2027 at $2,210 per month, providing immediate and stable rental income. Situated on a 7,841 sq ft lot, the property offers a functional single-level layout and is in livable condition with excellent potential for future updates and value-add. Interior features include forced air heating and a practical floor plan, while the exterior offers a fully fenced backyard, concrete patio, and plenty of usable outdoor space for added tenant appeal. Ideally located near shopping, dining, parks, and everyday amenities, with convenient access to I-5 and the Mountlake Terrace Transit Center and light rail for easy commuting. Whether you’re looking to expand your rental portfolio or secure a long-term hold with upside potential, this property presents a strong opportunity in a growing and well-connected area.
Active
Listed by: Shiloh Street • Kevin Shaw
$665,000
4404 229th Place SW, Mountlake Terrace, WA 98043
3beds
1,404sqft
Single Family Residence
Built in 1962
7,840 Square Feet Lot
$648,600 Zestimate®
$474/sqft
$-- HOA
What's special
Functional single-level layoutFully fenced backyardForced air heating
- 125 days |
- 1,374 |
- 54 |
Zillow last checked:
Listing updated:
Listed by:
Kevin Shaw,
Shiloh Street
Source: NWMLS as distributed by MLS GRID,MLS#: 2508899
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Gas, Water Heater Location: East Bedroom Closet
Features
- Bath Off Primary
- Flooring: Laminate, Vinyl, Carpet
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,404
- Total interior livable area: 1,404 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Off Street
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Water Heater
Lot
- Size: 7,840 Square Feet
- Features: Curbs, Sidewalk, Cable TV, Fenced-Fully, High Speed Internet, Patio
- Topography: Level
Details
- Parcel number: 00616300001200
- Zoning: RS7200
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Mountlake Terrace
Location
- Region: Mountlake Terrace
Financial & listing details
- Price per square foot: $474/sqft
- Tax assessed value: $588,000
- Annual tax amount: $5,403
- Date on market: 4/15/2026
- Cumulative days on market: 127 days
- Listing terms: Conventional,FHA
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Total actual rent: 2210
Estimated market value
$648,600
$616,000 - $681,000
$3,666/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Listed for sale | $665,000+366.7%$474/sqft |
Source:  NWMLS as distributed by MLS GRID #2508899 Report a problem | ||
| 12/15/1995 | Sold | $142,500$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,749 -1.9% | $588,000 -2.1% |
| 2023 | $4,838 +16.7% | $600,900 -2.6% |
| 2022 | $4,148 +2% | $616,800 +32% |
| 2021 | $4,066 +14.9% | $467,300 +14.4% |
| 2020 | $3,538 -7.8% | $408,500 +5% |
| 2019 | $3,839 | $389,100 +15.1% |
| 2018 | -- | $338,100 +36.6% |
| 2017 | $3,226 +46.8% | $247,500 +11.6% |
| 2016 | $2,197 | $221,700 +10.7% |
| 2015 | $2,197 -1% | $200,200 +4.3% |
| 2013 | $2,220 | $192,000 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,938 -0.5% | $147,200 |
| 2000 | $1,948 | $147,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98043
Nearby schools
GreatSchools rating
- 8/10Terrace Park SchoolGrades: K-6Distance: 0.7 mi
- 7/10Brier Terrace Middle SchoolGrades: 7-8Distance: 0.9 mi
- 8/10Mountlake Terrace High SchoolGrades: 9-12Distance: 0.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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