Listing courtesy of Blake Investment Advisors 206-618-2207
$1,075,000
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… Read More 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. Read Less
Listing courtesy of Blake Investment Advisors 206-618-2207
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
45
Days on Website
45
Last Updated
Property Type
Land
Lot Size
0.09 Acres
Property Tax
$10,952
MLS Number
2507351
30 Days Snapshot Of 98103
$1.20M
+19%
(avg) sold price
63
-16%
homes sold
53
+15%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Property Access
Road Surface: "Paved"
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Structure Type: "Multi Family"
Utilities: "Electricity Connected", "Natural Gas Available", Electric On Property Yn: t, Electricity Status: On Property, Gas Status: On Property, Water Source: "Available"
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The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
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The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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