LR3(M) Zoned Development
For Sale
$995,000
3601 14th Avenue South, Seattle, WA 98144
Vacant 8-unit apartment building on an LR3(M)-zoned site suitable for redevelopment into SEDUs, apartments, or townhomes.
Property Size14,400 SF
Price / SF$69.10
Days on Market100
Property Features for 3601 14th Avenue South
General Information
Standard status
Active
Size
14,400 SF
Property subtype
Land
Zoning
LR3(M)
Additional Details
Multifamily Units
8
Amenities
0, 0, 0, 0
No
Paved
Listing Agency:
Westlake Associates, Inc.
(206) 505-9400
Listed By:
David W Petersen · License #7352
(206) 505-9400
Source:
Compass
Added: May 2
Changed: Aug 8
Last Checked: May 8 at 8:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Westlake Associates, Inc.
Investment Insights
Based on property information with market context.
This development site consists of a vacant 8-unit apartment building and is identified as a 14,400 SF LR3(M)-zoned parcel in Seattle’s North Beacon Hill. The property provides a pathway for redevelopment with multiple options noted in the preliminary materials, including SEDUs, apartments, or townhomes.
Public remarks indicate the site is located less than 3 miles from the Seattle Central Business District. Preliminary studies suggest a potential 5-story, 61-unit SEDU project with average unit sizes of 290 SF, subject to applicable approvals.
For buyers and brokers evaluating redevelopment timelines and flexibility, the combination of an existing building and LR3(M) zoning supports near-term planning around the stated residential redevelopment pathways.
Public remarks indicate the site is located less than 3 miles from the Seattle Central Business District. Preliminary studies suggest a potential 5-story, 61-unit SEDU project with average unit sizes of 290 SF, subject to applicable approvals.
For buyers and brokers evaluating redevelopment timelines and flexibility, the combination of an existing building and LR3(M) zoning supports near-term planning around the stated residential redevelopment pathways.
Key Highlights
- 14,400 SF LR3(M)-zoned development site in Seattle’s North Beacon Hill
- Less than 3 miles from Seattle Central Business District
- Existing vacant 8‑unit apartment building on‑site
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
Explore this area
Business Placement
Demographics for 98144, WA
32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant 8-unit apartment building on an LR3(M)-zoned site suitable for redevelopment into SEDUs, apartments, or townhomes.
Where is this residential land & home lot located?
The property is located at 3601 14th Avenue South Seattle, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 14,400 SF LR3(M)-zoned development site in Seattle’s North Beacon Hill; Less than 3 miles from Seattle Central Business District; Existing vacant 8‑unit apartment building on‑site
