About this home

LR2 (M1) redevelopment opportunity combining future development potential with strong interim income. Value is primarily in the land, ideal for townhomes or cottage housing at increased density. The existing home is in great condition and currently leased, while multiple powered outbuildings offer additional income or use flexibility. The 60-foot-wide lot is notably flat with no recorded ECAs. Proven development precedent next door with an 8-unit townhome project underway on an equivalent parcel. Excellent proximity to transit, including the RapidRide E Line, and convenient access to the Northgate Light Rail Station approximately one mile away by foot or bike.

Property details

Lot: Paved
Water source: On Property
Sewer: On Property
Utilities: Electricity Connected, Natural Gas Available

Costs

Annual taxes: $8,949 (2025)

Estimate your monthly payment

$4,033/mo

Principal & interest: $3,287
Property taxes: $746

Down payment (20%) $130,000 Interest rate (%) Loan term (years)

Loan amount $520,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98133

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere Real Estate Co.— Ben Buckley.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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