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$4,950,000
2549382 MLS ACTIVE Status
Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.

4722 - 4730 15th Avenue NE, Seattle

Listing courtesy of Best Choice Realty LLC.

$1,150,000
2549317 MLS ACTIVE Status
Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Purchase price includes the price of the permits.

118 27th Avenue S, Seattle

Listing courtesy of Keller Williams Realty Bothell.

$1,400,000
2530638 MLS ACTIVE Status
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI

601 21st Avenue, Seattle

Listing courtesy of Asay Realty.

$875,000
2526266 MLS ACTIVE Status
Prime Development Opportunity – LR1 (M) Zoning | Value in Land Attention builders, investors, and developers—exceptional opportunity in West Seattle! This ~7,650 sq ft lot is zoned LR1 (M), offering strong potential for townhouse-style development or multiple-unit construction (buyer to verify). The existing structure is a complete teardown and is being sold strictly as-is. The true value is in the land and the favorable zoning, making this an ideal site for your next project. Located in a desirable and rapidly evolving area, the property is surrounded by residential growth and new construction. Convenient access to major commuter routes, local amenities, and West Seattle hotspots enhances long-term value and marketability. Whether you’re looking to develop now or hold as a strategic investment, this is a rare opportunity to capitalize on LR1 zoning in a high-demand Seattle location. Bring your plans and vision—opportunities like this are becoming increasingly scarce!

2816 SW Dakota Street, Seattle

Listing courtesy of HomeSmart Real Estate Assoc.

$895,000
2523075 MLS ACTIVE Status
Situated in Seattle’s North Beacon Hill neighborhood, the property at 1303 13th Ave S offers an outstanding redevelopment opportunity on a prime corner lot zoned LR3(M) with convenient alley access. Great for Owner/Occupant - Existing improvements include a legal duplex which could also be renovated and sold separately while still being able to build rowhouses off the alley (Buyer to Verify). This 6,000-square-foot site is perfectly poised for constructing 6-8 rowhouses or townhouses, or even a multi-family building, leveraging generous zoning allowances for efficient, multi-story designs that maximize density and appeal. New developments would boast sweeping views of mountains and Puget Sound, along with partial views of downtown Seattle.

1303 13th Avenue S, Seattle

Listing courtesy of Westlake Associates, Inc..

$2,500,000
2521654 MLS ACTIVE Status
Western Parcel offers a rare opportunity to develop an 88-unit multifamily project in one of Seattle’s most connected and rapidly growing neighborhoods. The project has successfully completed Early Design Guidance, allowing the next owner to move efficiently toward permitting and construction. Located at the intersection of Columbia City, Hillman City, and Beacon Hill, the site benefits from a vibrant and culturally rich community known for its diverse dining, retail, arts, and entertainment options. The neighborhood’s strong identity and growing demand for housing continue to attract residents seeking an authentic urban lifestyle. The property is ideally positioned just two blocks from the future South Graham Street Light Rail Station, providing direct access to Downtown Seattle, Sea-Tac Airport, and the greater Puget Sound region. The site also offers convenient access to major bus routes and transportation corridors, supporting a highly walkable and transit-oriented living experience. Surrounded by parks, schools, employment centers, and daily amenities, Western Parcel is well suited for a modern residential development that combines urban accessibility with neighborhood character. The project may also qualify for Seattle’s Multi-Family Tax Exemption (MFTE) program, enhancing long-term investment potential.

5721 35th, Seattle

Listing courtesy of eXp Realty.

$1,050,000
2511772 MLS ACTIVE Status
Prime development opportunity in Seattle’s rapidly growing Mount Baker neighborhood. Positioned on a desirable corner lot, this LR2-zoned property offers exceptional flexibility for builders and investors—ideal for townhomes, small multifamily (2–4 units), or a larger-scale apartment or condo project (buyer to verify). The existing home is livable, with a long-term tenant recently vacated, but the true value lies in the land and its development potential. All utilities are available on-site, helping streamline the entitlement and building process. The flat, usable lot configuration further enhances efficiency for site planning and construction. Located just minutes from the Mount Baker light rail station, this property offers strong transit-oriented appeal, making it highly attractive for future residents and renters alike. Convenient access to I-90 provides quick connectivity to I-5, I-405, downtown Seattle, Bellevue, and beyond. This central location continues to see strong growth, driven by infrastructure, accessibility, and increasing housing demand. The seller has not pursued full development, creating an opportunity for the next owner to step in and unlock the site’s full potential. Seller is open to working with buyers exploring a mid-sized project. Opportunities like this—combining zoning flexibility, location, and upside—are increasingly rare in this high-demand corridor. Bring your vision and capitalize on the growth of Mount Baker.

3101 S Walden Street, Seattle

Listing courtesy of John L. Scott, Inc.

$1,075,000
2507351 MLS ACTIVE Status
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.

807 N 49th Street, Seattle

Listing courtesy of Blake Investment Advisors.

$1,300,000
2485451 MLS ACTIVE Status
Reduced Price! DEVELOPMENT POTENTIAL in Freemont ~ Zoned LM1 (M) Residential Lot Size 5,000 sf, Allowed Units 4–6 units depending on design. Possible FAR Up to 1.2 FAR (~6,000 sf), Potential Unit Types include flats, stacked flats, townhouses, row houses & ADUs. 4 principal units + 1–2 ADUs (detached or attached). Max Height 32', depending on configuration. ADUs can be up to ~1,000 sf each (subject to design compliance). Under updated 2025 "Middle Housing" rules, residential lots in Seattle now support a baseline of 4 units, more if next to transit and affordable housing is added to the mix. Buyer to verify all information to their own satisfaction. We are entertaining ALL OFFERS!

4309 Evanston Avenue N, Seattle

Listing courtesy of Windermere Real Estate/HLC.

$379,950
2476887 MLS ACTIVE Status
Rare opportunity to acquire a 7-unit townhome development site. This property features 21,246 sq. ft. of cleared land with conditional approval, ready for development. The lot has been previously cleared with an existing access way, reducing pre-construction work and allowing for a quicker build. Located in a vibrant Burien community, the site offers easy access to Seattle, Sea-Tac Airport, and major transportation routes, making it highly attractive for modern townhome development. Perfect for builders or investors looking to capitalize on the strong demand for multi-family housing, this site combines location, readiness and investment potential. Priced for a quick sale, opportunities like this are rare in the Seattle metro area. Don’t miss your chance to develop high quality townhomes in a growing market!

12149 Des Moines Memorial Drive S, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$645,000
2451540 MLS ACTIVE Status
*Price Reduced-This is a permit-ready development lot in Seattle's desirable Northgate neighborhood. The lot is 4,980SF and pre-approved for a 14-unit apartment building (6,474BSF) under LR1(M) zoning. Permitted plans are included with the list price. Multiple unit configurations, bike parking, and sustainable designs conform to different tenant needs. Located near I-5, the Light Rail, Green Lake, and UW, it aligns well with the One Seattle Plan. Demolition and Construction permits are ready for issuance; Master Use Permit issued upon completion. Existing home (720SF, 1bd/1ba, 600sf basement, det. garage) is operated as a short-term rental with strong occupancy and income. Complete this modern and vibrant addition to Northgate or expand the lot your way! New Roof installed in October 2025.

10019 Interlake Avenue N, Seattle

Listing courtesy of KW Greater Seattle.

$1,295,000
2440345 MLS ACTIVE Status
North Beacon Hill development site, zoned LR3 urban village and situated on a 7,610 SF lot. This covered land play presents a unique income-producing development opportunity with the existing duplex that currently generates $63,000 in gross annual income, providing immediate cash flow for investors during the pre-development or entitlement process. The site supports higher density residential or mixed-use development. The zoning flexibility allows for long-term appreciation through redevelopment while retaining near-term income from the existing duplex. This dual profile makes the offering attractive to both investors seeking cash flowing assets and developers targeting urban infill opportunities.

1306 S Bayview Street, Seattle

Listing courtesy of Urban Commercial Partners, LLC.

$8,200,000
2425563 MLS ACTIVE Status
A rare high-rise development site in the heart of First Hill. The 10,800 SF lot is zoned High Rise (HR) with an approved MUP for a 8-story, 96-unit multi-family building, including 10 auto stalls and 102 bicycle spaces. With a Walk Score of 98 (“Walker’s Paradise”) and Transit Score of 100 (“Rider’s Paradise”), the location offers unmatched connectivity and urban convenience. Located in First Hill, steps from major hospitals, Seattle University, and downtown’s 340,000+ jobs across tech, finance, retail, and professional services jobs. Excellent transit with buses, the First Hill Streetcar, and future Link Light Rail. One of the last infill opportunities in Seattle’s core with strong walkability, transit, and job access.

815 9th Avenue, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$18,897,900
2330951 MLS ACTIVE Status
NEW URBAN CENTER, PROPOSED ZONING MR-2 (85 ft Height), 7-8 STORIES, 130TH LR STATION OPENING 2026. What if you could go back in time & have an opportunity to develop a neighborhood by Central Park, NYC. This assemblage of parcels is an ideal & timely development opportunity to begin transforming this Seattle neighborhood near the 130th Street Light Rail Station. These parcels are located w/in the new Pinehurst-Haller Lake Urban Center & are being rezoned to Midrise 2 which allows residential structures up to eight stories. Across the street is Northacres Park. Conveniently located minutes away from UW Medical Center, Ingraham High School & new retail & restaurants to be developed. Parcels include functional homes.

NE 130th St Light Rail Assemblage, Seattle

Listing courtesy of KW Everett.

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