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.… Read More 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
Listing Snapshot
Cumulative Days On Market
24
Days on Website
24
Last Updated
Property Type
Multi Family
Lot Size
0.09 Acres
Year Built
1911
Property Tax
$10,952
MLS Number
2503470
30 Days Snapshot Of 98103
$988k
-6%
(avg) sold price
65
-2%
homes sold
45
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Leasable Area: 2560, Living Area: 0, Number Of Units Total: 5, Stories Total: 3, Structure Type: "Multi Family", Units In Building Total: 5, Year Built: 1911, Year Built Effective: 1985
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
Confirm your time
Fill in your details and we will contact you to confirm a time.