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Multifamily Development Lot
For Sale
$465,000

8444 46th Avenue South, Seattle, WA 98118

Level development lot is zoned LR1 (M) under HB 1110 and is set up for up to six units.

Property SizeContact for details
Days on Market174

Property Features for 8444 46th Avenue South

General Information

Standard status Active
Property subtype Land
Zoning LR1 (M)

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $4,673

Amenities

0, 0, 0, 0
No
Paved
Listing Agency: RE/MAX Northwest
Listed By: Maggie Sun · License #23018680
Source: Compass
Added: Feb 16 Changed: Aug 8 Last Checked: Mar 25 at 1:33PM

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 RE/MAX Northwest

Investment Insights

Based on property information with market context.

This for-sale development lot is level and fully prepped, with the existing home demolished, utilities in place, vegetation cleared, a completed survey, and construction access installed. The property is zoned LR1 (M) under HB 1110, which allows up to six units. Current plans contemplate three detached homes, each featuring approximately 3BR/3BA layouts, and three physical addresses have already been issued.

The site is located on a quiet residential street and is described as being just minutes from the light rail station.

With groundwork already completed and permitting noted as in progress, the lot is positioned to support a multi-unit detached residential build-out.

Key Highlights

  • Level 5,715 SF South Seattle development lot zoned LR1 (M) under HB 1110 allowing up to six units
  • Permitting already in progress for the subdivision/development
  • Site is fully prepped: existing home demolished, vegetation cleared, and construction access installed

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

675
Businesses Nearby

Demographics for 98118, WA

47,504
Population
19,831
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
7,662
Density / Sq Mi
$109,085
Median Household Income
$54,827
Median Earnings
$1,831
Median Rent
$746,400
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Level development lot is zoned LR1 (M) under HB 1110 and is set up for up to six units.
Where is this residential land & home lot located?
The property is located at 8444 46th Avenue South Seattle, WA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Level 5,715 SF South Seattle development lot zoned LR1 (M) under HB 1110 allowing up to six units; Permitting already in progress for the subdivision/development; Site is fully prepped: existing home demolished, vegetation cleared, and construction access installed
More about this property
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