807 N 49th Street, Seattle, WA 98103
- $1,075,000
Listing courtesy of Blake Investment Advisors.
- List Price
- $1,075,000
- Status
- ACTIVE
- MLS#
- 2507351
- Days on Market
- 103
- Lot Size (sq ft)
- 4,000
Property Description
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.
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Additional Information
- Community
- Wallingford
- Style
- 42 - Multi-Family
- Zoning Jurisdiction
- City
- Restrictions
- Unknown
- View
- City
- Sewer
- Available
- Tax Year
- 2026
- School District
- Seattle
- Potential Terms
- Conventional
- Driving Directions
- Take Exit 169 (NE 45th St) Head west on NE 45th St toward Wallingford Turn right on Meridian Ave N Continue north for about 4 blocks Turn left on N 49th St 807 N 49th St will be on your right
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.