807 N 49th ST, Seattle, WA 98103
807 N 49th ST, Seattle, WA 98103
807 N 49th ST, Seattle, WA 98103
807 N 49th ST, Seattle, WA 98103
807 N 49th ST, Seattle, WA 98103
807 N 49th ST, Seattle, WA 98103
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Darin Holland

Darin Holland

+1(360) 463-7624
Listed by:Blake Investment Advisors • Gabe Blake
$ 1,075,000
Est. payment | /mo

4,000 Sqft Lot

Save
$ 1,075,000
Est. payment | /mo
Save

4,000 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Wallingford

MLS Listing ID 2507351

Style 42 - Multi-Family

Annual Tax Amount $10,952

Lot Size 4,000 Sqft

Property Sub-Type Land

Property Description

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.

Location

State WA

County King

Area 705 - Ballard/Greenlake

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available

View Y/N Yes

View City

Building

Lot Description Sidewalk

Sewer Available

Water Available

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Darin Holland

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 463-7624

darin@hollandhomegroup.com

11215 180th Ln SW, Rochester, WA 98579, Rochester, Washington 98579, USA

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807 N 49th ST