About this home

Attention Builders and Developers! Permit-ready 12-unit residential development opportunity in Seattle’s South Park neighborhood. Rare opportunity to acquire a substantially entitled project with the construction permit ready for pickup and demolition permit already issued —positioning the buyer to move directly toward construction after closing rather than starting the approval process from scratch. Prime development site featuring a massive 14,586 SF flat lot. The project includes 12 units ranging from 930 SF to 1,180 SF, with two alternating functional layouts: 2 bedrooms/1.75 baths and 2 bedrooms/2.5 baths. Each unit includes its own dedicated parking space. Plans are included in the list price and available upon request.

Exterior features

Wood

Property details

Heating: Baseboard
Cooling: None
Parking: Off Street
Water source: Public
Sewer: Available
Levels: Two

Costs

Price / sq ft: $1,728
Annual taxes: $4,348 (2026)

Estimate your monthly payment

$7,439/mo

Principal & interest: $7,077
Property taxes: $362

Down payment (20%) $279,900 Interest rate (%) Loan term (years)

Loan amount $1,119,600

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 98108

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Specialty Real Estate Group— Chao Wei.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.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.