$1600000
-
Bed
-
Bath
-
3000 SqFt
-
2 DOM
-
Built: 1987
- Status: Active
Love this home?
Srinivas Kasam
CEO & Founder
(650)533-3259Rare development opportunity for Townhome Builder or Value-Add Investor in the heart of the South Lake Union/Eastlake corridor. Prime lot offers sweeping, protected views of Lake Union, the Seattle Skyline, and the Olympic Mountains. Able to accommodate 4-5 new townhomes. Two larger townhomes could be built off the alley & three smaller ones facing Lake Union (or vice versa). Avg unit size = 1,793 sq ft. The property currently houses a very clean, well-maintained, solid income producing 4-plex generating healthy returns while you navigate the permitting process. Landlord has never increased rent on a tenant. Zero vacancy. Outstanding tenants. Rents below market rate. Each unit features 1 bed/1 bath, fireplace, washer/dryer, dishwasher, hardwood flooring, parking. Large living rm could easily accomodate a 2nd bdrm in each unit. View photos shot from future 3rd -4th floor/roof top deck of this Bldg. Located on bus line & w/in walking distance to Amazon, Google, and the life sciences hub. 5 off-street parking spaces in rear. Zoned LR2(M), allowing for up to 4 stories with rooftop decks. Ideal opportunity for investor, builder or owner/occupant!
Listing Provided Courtesy of Rob Nicholson, John L. Scott, Inc.
General Information
-
NWM2481300
-
Multi Family
-
2 DOM
-
-
5127.01 SqFt
-
-
3000
-
1987
-
Multi-F
-
King
-
-
Buyer To Verify
-
Buyer To Verify
-
Buyer To Verify
-
Residential Incom
-
Multi Family
-
Listing Provided Courtesy of Rob Nicholson, John L. Scott, Inc.
Kasamestates data last checked: Feb 26, 2026 07:07 | Listing last modified Feb 19, 2026 19:53,
Source:
Download our Mobile app
