Approved Multifamily Development
For Sale
Contact for pricing
6950 S 123rd St, Seattle, WA 98178
A 2-acre site with approved plans for a 53-unit multifamily community and six townhomes, permit-ready pending final review.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market141
Property Features for 6950 S 123rd St
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Land
Additional Details
Opportunity Zone
Yes
Listing Agency:
Century 21 The Real Estate Center Lynnwood
(206) 888-1166
Listed By:
Jonathan Nicoli · License #134795
Source:
Crexi
Added: Apr 12
Changed: Aug 27
Last Checked: Apr 12 at 4:07AM
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 Century 21 The Real Estate Center Lynnwood
Investment Insights
Based on property information with market context.
This 2-acre development site has land use approved for a 53-unit multifamily project with a mix of studio through 2-bedroom apartments and six townhomes. Civil engineering design is in progress in coordination with King County planners, and the project is within a designated Opportunity Zone.
The property is located at 6950 S 123rd St in Seattle, Washington, and is bordered by three major municipalities: Seattle, Tukwila, and Renton. The site previously went under contract, but the transaction did not close due to additional reviews by King County planners.
Permit readiness is anticipated for issuance in the first quarter of 2023, following the continued King County planning coordination.
The property is located at 6950 S 123rd St in Seattle, Washington, and is bordered by three major municipalities: Seattle, Tukwila, and Renton. The site previously went under contract, but the transaction did not close due to additional reviews by King County planners.
Permit readiness is anticipated for issuance in the first quarter of 2023, following the continued King County planning coordination.
Key Highlights
- 2‑acre site with approved plans for a 53‑unit multifamily community plus 6 townhomes
- Land use approved for studio to 2‑bedroom apartments
- Civil engineering design in progress in coordination with King County planners
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 98178, WA
26,122
Population
10,018
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
86%
High-School Grad
4.9 sq mi
ZIP Area
5,331
Density / Sq Mi
$93,786
Median Household Income
$52,123
Median Earnings
$1,836
Median Rent
$628,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - A 2-acre site with approved plans for a 53-unit multifamily community and six townhomes, permit-ready pending final review.
Where is this residential land & home lot located?
The property is located at 6950 S 123rd St Seattle, WA.
What are key features of this property?
This property features: 2‑acre site with approved plans for a 53‑unit multifamily community plus 6 townhomes; Land use approved for studio to 2‑bedroom apartments; Civil engineering design in progress in coordination with King County planners
