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$325,000
2536587 MLS ⋅ ACTIVE Status
Builders and developers—take advantage of this shovel-ready South Seattle opportunity. Included in the sale are approved plans and permits, allowing you to break ground immediately. A significant benefit of this project is its exempt from MHA fees, meaning significant cost savings. The project consists of three-level lots with approved plans for more than 4,400 square feet of total living space, providing a development opportunity in an area experiencing growth and redevelopment. Whether your strategy is to build and sell or hold as long-term rentals, this project offers flexibility and a faster path to returns. With permits in hand and development activity increasing throughout the surrounding area, this is an opportunity to reduce carrying costs, minimize development risk, and start construction right away. Approved plans and permits are included in the purchase price. Project details, plans, and permit information are available. Buyers are advised to verify all information to their own satisfaction.

6198 6194&619 Rainier Avenue S, Seattle

Listing Broker: Mattice Real Estate Group, LLC; Rolanda M. Carriere; 206-999-0023; rolanda@matticere.com

$650,000
2535490 MLS ⋅ ACTIVE Status
Opportunity knocks in North Seattle! 4,799 sq ft LR2 (M1) lot with street frontage plus alley access on two sides. Value is primarily in the land, with potential for future townhouse, rowhouse, or multifamily development. Existing cottage is livable and has been used as a rental/Airbnb, featuring 1 bedroom, 1 full bath, full kitchen, and laundry room—offering possible interim income or owner-use while planning. Detached garage plus 3 shipping containers that convey—two stacked 40' containers with power, plus one 20' container—ideal for shop, storage, studio, or project space. Fully fenced lot with chain-link fencing that also conveys, adding secure yard utility for storage, equipment, or pets. Excellent use-now/build-later opportunity for builders, investors, or creative owner-users. Buyer to verify all development potential, zoning, permits, and intended use to buyer’s satisfaction.

10346 Midvale Avenue N, Seattle

Listing Broker: Penny Kingdom Realty; Jared Tadique; 206-948-4320; jared@pennykingdom.com

$99,000
2533091 MLS ⋅ ACTIVE Status
A rare development opportunity in West Seattle’s Highland Park neighborhood—this VIEW LOT sits on a quiet residential street yet offers exceptional access to daily conveniences. Build a home with stunning mountain and territorial views! Just minutes from White Center’s vibrant restaurant scene, Westwood Village shopping, and multiple parks, this location blends privacy with urban accessibility. Utilities are available in the street. Many newly developed homes surround. Enjoy quick connections to Boeing Field, SeaTac Airport, Downtown Seattle, South Park, and Burien via nearby arterials and transit routes. Whether you’re a builder, investor, or future homeowner, this parcel offers a blank canvas in a rapidly evolving neighborhood with strong long-term upside.

7610 8th Avenue SW, Seattle

Listing Broker: The Landmark Group; Yael Chotzen; 206-948-3131; yael@yaelchotzen.com

$299,000
2528981 MLS ⋅ ACTIVE Status
Rare opportunity to secure a premium, flat corner lot in Seattle’s highly desirable North Beach neighborhood. This blank canvas offers an exceptional, level topography that dramatically simplifies development and maximizes your architectural footprint. Construction permit in hand. Surrounded by established charm and just minutes from the beaches of Golden Gardens, Ballard’s vibrant dining scene, and excellent schools, this ready-to-build lot is the perfect foundation for a custom luxury residence or a high-end investment project. Bring your builder and your vision to one of Northwest Seattle's most sought-after communities! Offered below tax assessed value. Buyer to verify all information to their satisfaction.

8620 28th Avenue NW, Seattle

Listing Broker: Windermere RE/Capitol Hill,Inc; Woody Munk; 206-550-7916; woody@windermere.com

$2,490,000
2531005 MLS ⋅ ACTIVE Status
Discover an exceptional development opportunity located in the vibrant heart of the U-District. Situated just blocks away from the University of Washington and the new Roosevelt light rail station, this property offers unparalleled convenience & connectivity. This location promises a dynamic urban lifestyle w/proximity to Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joes, bars & eateries. The 7440 sf lot is currently zoned NC2P-40, in future up zone area of U-District! Seize the opportunity with this ideal development site. Not only a prime location, and w/possible height limit increasing from 40' to 65'. Whether you are looking to invest in rental housing, retail or mixed use, this site holds immense potential! Offers welcomed!

5520 University Way NE, Seattle

Listing Broker: COMPASS; Mary Pong; 425-829-3417; mary@MaryPong.com

$855,000
2531990 MLS ⋅ ACTIVE Status
Prime Ballard development opportunity zoned NC1-40 (M2) in one of Seattle’s most active growth corridors. Ideal for developers or investors seeking future upside with potential for multiple units and mixed-use possibilities (buyer to verify). Surrounded by ongoing redevelopment, new construction, and strong neighborhood demand, this location continues to appreciate. The existing structure offers great bones for a substantial renovation or reposition, creating an additional opportunity for an experienced flipper or builder with vision. Fixer property sold as-is. No interior access available. Value is primarily in the zoning, lot, and long-term redevelopment potential. Located in a true Walker’s Paradise with a Walk Score of 92, just steps to Ballard’s shops, dining, transit, and everyday amenities. Rare chance to secure a flexible asset in one of Seattle’s most sought-after neighborhoods with both near-term and long-term upside.

837 NW Market Street, Seattle

Listing Broker: Redfin; Chandra Gordon; 425-350-9014; chandra.gordon@redfin.com

$1,400,000
2530638 MLS ⋅ ACTIVE Status
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI

601 21st Avenue, Seattle

Listing Broker: Asay Realty; Trevor Asay; 206-653-4555; trevor@asayrealty.com

$799,999
2526266 MLS ⋅ ACTIVE Status
Prime Development Opportunity – LR1 (M) Zoning | Value in Land Attention builders, investors, and developers—exceptional opportunity in West Seattle! This ~7,650 sq ft lot is zoned LR1 (M), offering strong potential for townhouse-style development or multiple-unit construction (buyer to verify). The existing structure is a complete teardown and is being sold strictly as-is. The true value is in the land and the favorable zoning, making this an ideal site for your next project. Located in a desirable and rapidly evolving area, the property is surrounded by residential growth and new construction. Convenient access to major commuter routes, local amenities, and West Seattle hotspots enhances long-term value and marketability. Whether you’re looking to develop now or hold as a strategic investment, this is a rare opportunity to capitalize on LR1 zoning in a high-demand Seattle location. Bring your plans and vision—opportunities like this are becoming increasingly scarce!

2816 SW Dakota Street, Seattle

Listing Broker: HomeSmart Real Estate Assoc; Vincent Mason; 206-683-7367; vincent@vincentmason.com

$2,350,000
2521654 MLS ⋅ ACTIVE Status
Western Parcel offers a rare opportunity to develop an 88-unit multifamily project in one of Seattle’s most connected and rapidly growing neighborhoods. The project has successfully completed Early Design Guidance, allowing the next owner to move efficiently toward permitting and construction. Located at the intersection of Columbia City, Hillman City, and Beacon Hill, the site benefits from a vibrant and culturally rich community known for its diverse dining, retail, arts, and entertainment options. The neighborhood’s strong identity and growing demand for housing continue to attract residents seeking an authentic urban lifestyle. The property is ideally positioned just two blocks from the future South Graham Street Light Rail Station, providing direct access to Downtown Seattle, Sea-Tac Airport, and the greater Puget Sound region. The site also offers convenient access to major bus routes and transportation corridors, supporting a highly walkable and transit-oriented living experience. Surrounded by parks, schools, employment centers, and daily amenities, Western Parcel is well suited for a modern residential development that combines urban accessibility with neighborhood character. The project may also qualify for Seattle’s Multi-Family Tax Exemption (MFTE) program, enhancing long-term investment potential.

5721 35th Avenue S, Seattle

Listing Broker: eXp Realty; Charity Hill; 360-620-7244; chillrealestate@comcast.net

$450,000
2518765 MLS ⋅ ACTIVE Status
Exceptional view lot presenting sweeping, picture-postcard panoramas of Lake Washington, Mount Rainier, and Seward Park. Poised for a custom residence up to three stories, this site is perfectly oriented to capture full southern exposure—flooding living spaces with abundant natural light and preserving uninterrupted southerly vistas. Included are thoughtful conceptual plans by Story Architect and a thorough geotechnical evaluation from Earth Solutions, streamlining your design and permitting process. An existing foundation is already in place, removing the need for a variance, and a detached one-car garage sits on the property. All utilities—gas, water, sewer, and electricity—are available at the street. Renderings illustrate conceptual possibilities only and have not been submitted to or approved by the City of Seattle. Ideal for buyers seeking a premium, light-filled home with commanding lake and mountain views.

3502 E Terrace Street, Seattle

Listing Broker: Windermere Real Estate Co.; Padraic J. Jordan; 206-856-8581; padraic@windermere.com

$1,500,000
2495577 MLS ⋅ ACTIVE Status
West Seattle Development Site – 32,305 SF | Multifamily or Townhome Potential Near Future Light Rail Exceptional opportunity to acquire a 32,305 SF (.742-acre) vacant land site in the highly desirable West Seattle submarket. Zoned for multifamily residential use, this unentitled property offers significant development potential in a supply-constrained Seattle location. Preliminary feasibility indicates the potential for approximately 110-unit apartment development or up to 21 townhome units, allowing flexibility for a variety of residential strategies. The site is positioned adjacent to existing apartment and condominium communities, supporting strong market fundamentals and proven demand for multifamily housing. Utilities including sewer, water, gas, and electricity are available in the street. Located along SW Avalon Way, the property benefits from strong connectivity to Downtown Seattle via the West Seattle Bridge and is within walking distance to the planned West Seattle light rail expansion (estimated completion 2032), enhancing long-term transit-oriented development potential. West Seattle continues to attract residents seeking relative affordability, neighborhood character, and proximity to employment centers. The area is supported by access to retail, dining, recreation, and waterfront amenities. Reports completed include drainage, geotechnical, and topographical studies. Buyer to verify all development potential, zoning, and feasibility.

3905 SW Avalon Way, Seattle

Listing Broker: Berkshire Hathaway HS NW; Martin J. Ho; 425-499-8909; team@ho-realty.com

$225,000
2513080 MLS ⋅ ACTIVE Status
Rare opportunity to build in sought-after North Admiral. This ~6,100 SF parcel offers the potential for views of Downtown Seattle & Elliott Bay. Enjoy an ever-changing backdrop of skyline, ferries, and sunsets. Tucked above it all yet close to everything, the location strikes a great balance of privacy and connection. Just minutes to the West Seattle Water Taxi (a quick ~10–15 minute ride to Downtown), waterfront dining at Marination Ma Kai, and sandy stretches of Alki Beach. Enjoy easy access to North Admiral’s shops, restaurants, and everyday conveniences, plus miles of shoreline, parks, and trails that define the West Seattle lifestyle. Geotech (2016), topographic survey (2019) and arborist report (2018) available. Buyer to verify all information and perform their own due diligence. Seller believes the site is well-suited for a custom single-family residence.

1601 Ferry Avenue SW, Seattle

Listing Broker: Windermere West Metro; Chad Dierickx; 206-854-3931; chad@chaddierickx.com

$3,000,000
2511133 MLS ⋅ ACTIVE Status
Rare 9,000 SF combined opportunity in the heart of South Lake Union—2538 & 2540 Dexter Ave N offered together. Zoned LR3 (Buyer to Verify), this site presents strong potential for future redevelopment, including apartments, townhomes, or a boutique multi-unit project.At the same time, both properties are livable today with flexible use—2538 is a duplex (2 × 1BD/1BA) and 2540 is a ~2,700 SF single-family home (3BD/2.25BA), well-suited for owner-occupancy, multi-generational living, or rental income while planning next steps.Elevated site captures expansive views of Lake Union, Gas Works Park, Ship Canal, Seattle skyline, and the Cascade Mountains—a rare combination of scale, view, and location.Minutes to South Lake Union, Fremont, and Downtown, with transit, bike routes, and daily amenities nearby.A unique in-city asset offering immediate usability with long-term upside. Geotech and additional information available. Buyer to verify all development potential.

2538 2540 Dexter Avenue N, Seattle

Listing Broker: eXp Realty; Helena Chen; 425-283-2569; helena@helenaluxuryhomes.com

$1,500,000
2510960 MLS ⋅ ACTIVE Status
Ready-to-build opportunity with City of Seattle permit for a 6,200+ SF custom home. Set on a rare and level 20,699 SF lot in Madison Estates, an exclusive, gated Lake Washington luxury community in the heart of Madison Park. This property offers a truly special setting. The site is beautifully positioned beside an architect-designed pond and surrounded by mature old-growth trees, creating a serene and distinctive landscape. Enjoy private community access to a boat dock and waterfront features. Permitted plans for a stunning Northwest Contemporary residence are included, or bring your own vision (in compliance with the HOA). Ideally located only blocks from the vibrant Madison Park Village, with its popular shops, restaurants, parks, and schools. Seller financing available.

2540 39th Avenue E Unit #5, Seattle

Listing Broker: Realogics Sotheby's Int'l Rlty; Kathryn Holly Hinds; 206-650-6488; kathrynhinds@comcast.net

$1,075,000
2507351 MLS ⋅ ACTIVE Status
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. 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.

807 N 49th Street, Seattle

Listing Broker: Blake Investment Advisors; Gabe Blake; 206-618-2207; gabe@blakeia.com

$2,000,000
2502921 MLS ⋅ ACTIVE Status
Prime Development Opportunity in Seattle’s Emerging Holman Neighborhood Positioned in the rapidly evolving Holman corridor of Northwest Seattle, 10125 3rd Avenue NW presents a rare opportunity for builders and investors seeking scale, flexibility, and location-driven upside. With a 10,500 sq ft lot and the option to assemble with the adjacent northern parcel for a combined ~21,000 sq ft, this site is primed for thoughtful, high-yield development. Zoned M (Midrise) under Seattle’s updated zoning framework, the property offers the potential for multiple structures, townhomes, or a small-scale multifamily project—making it an ideal canvas for developers looking to capitalize on the city’s continued push for density and housing supply. By Appt Only

10125 3rd Avenue NW, Seattle

Listing Broker: Coldwell Banker Bain; Carrie Haymond; 206-512-0850; carrie.haymond@cbrealty.com

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.
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