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$360,000
1 Beds ⋅ 1 Baths ⋅ 2558285 MLS ⋅ ACTIVE Status
INVESTOR ALERT! Development opportunity in South Park: build up to 4 units (buyer to confirm). This 6,000 sf lot is zoned NR under Seattle's 2026 citywide upzone, permitting up to 6 units, height to 32 ft (42 ft with bonuses), that would expose views of Rainier. No MHA payment requirement. Hold, redevelop, or add DADU's. The existing home is a 1931 one-bedroom cottage with vintage character: coved ceilings, leaded glass, laminate hardwood floors, and an updated electrical system. A huge unfinished basement with tall ceilings offers additional upside potential. Finish it out and nearly double the livable square footage. A strong fix-and-flip candidate or a project for a motivated owner-occupant ready to put in some sweat equity. Lots of options. Tons of potential! Great location on dead-end road, in South Park, a neighborhood on the rise, with a growing lineup of popular restaurants, coffee shops, bars, bottle shops, and taprooms nearby. 6 parks in a 1-mile radius, including beloved Duwamish Waterway Park and Duwamish River People's Park. About 15 minutes to downtown Seattle and 10 minutes to SeaTac Airport.

1024 S Director Street, Seattle

Listing courtesy of KW Greater Seattle.

$425,000
3 Beds ⋅ 1 Baths ⋅ 2520051 MLS ⋅ ACTIVE Status
Rare opportunity to acquire a fully assembled three-parcel development in Seattle's thriving South Park neighborhood! This unique offering includes a beautifully updated, move-in-ready home plus two adjacent buildable lots, creating exceptional flexibility for builders, investors, or owner occupants. Live in or rent the existing home while developing the adjacent parcels, or take advantage of the shovel-ready project by utilizing the permit-approved plans included for two new 2,000+ SF homes on the vacant lots. Each parcel has its own assigned address, and all three are legally separate lots. Whether you're looking to generate rental income during construction, build and sell, or create a long-term investment portfolio, this property offers tremendous upside in one of Seattle's rapidly growing neighborhoods with strong demand for new construction. The house & vacant lots are also available individually (MLS# 2520051, MLS #2476505 and MLS #2476503), but the seller's preference is to sell all three parcels together, providing a rare turnkey development opportunity with much of the upfront planning already complete.

702 S Director Street, Seattle

Listing courtesy of COMPASS.

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