Townhouse Redevelopment Opportunity Near
For Sale
$1,075,000
807 N 49th Street, Seattle, WA 98103
4,000 SF lot zoned LR2 (M) for redevelopment.
Property SizeContact for details
Lot Size0.09 Acres
Days on Market121
Property Features for 807 N 49th Street
General Information
Standard status
Active
Lot size
0.09 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$10,952
Amenities
Sidewalk
Listing Agency:
BLAKE INVESTMENT ADVISORS
(206) 618-2207
Listed By:
GABE BLAKE
Source:
Corcoran
Added: Apr 15
Changed: Aug 8
Last Checked: Jul 16 at 7:21AM
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 BLAKE INVESTMENT ADVISORS
Investment Insights
Based on property information with market context.
This 4,000 square foot lot, located blocks from the Woodland Park Zoo, presents a townhouse redevelopment opportunity near Fremont, Wallingford, and Greenlake. Zoned LR2 (M), the site is suitable for townhome and small-scale multifamily development. The implementation of HB 1110 in June 2025 removed unit-count density caps, shifting the focus to a building envelope driven by FAR, height, and setback standards. This change allows developers to increase unit count through more efficient design. The site is suitable for 4+ luxury townhomes (buyer to verify) with skyline views. The existing structure currently operates as a 5-unit apartment building, producing $50,311 in annual net operating income.
Key Highlights
- Highly desirable LR2 (M) zoning allows for townhome/multifamily development.
- 4,000 SF lot near Fremont/Wallingford/Greenlake.
- HB 1110 implementation removes unit‑count density caps, increasing development potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
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 - 4,000 SF lot zoned LR2 (M) for redevelopment.
Where is this residential land & home lot located?
The property is located at 807 N 49th Street Seattle, WA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Highly desirable LR2 (M) zoning allows for townhome/multifamily development.; 4,000 SF lot near Fremont/Wallingford/Greenlake.; HB 1110 implementation removes unit‑count density caps, increasing development potential.
