$549950
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Bed
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Bath
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0 SqFt
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2 DOM
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Built:
- Status: Active
Love this home?
Srinivas Kasam
CEO & Founder
(650)533-3259This property represents a premier land bank opportunity, combining immediate rental income with massive future development upside. Existing 3-bedroom home is clean, livable, and rentable, making an ideal asset to hold while you finalize long-term plans. With new roof and mini-split heating/cooling system, home is low-maintenance and ready to be occupied or rented immediately. For investor, current house provides steady cash flow to offset holding costs. Estimated rent $2,500 per month. Solid condition and updated systems ensure high tenant demand and minimal near-term capital expenditures. The true value is the supercharged Neighborhood Commercial Center (NCC) zoning. Under Tukwila's recent 2025 code updates, the development potential has been significantly expanded to favor high-density, transit-oriented projects. New standards allow for 60-foot height limits, zero-foot setbacks, and reduced parking requirements, giving developers the flexibility to maximize the entire footprint of the lot for a vibrant mixed-use or multifamily project. Buyer to verify. Ideally located in a pedestrian-focused corridor, this site is perfectly positioned to benefit from Tukwila’s rapid growth. Whether you are looking for a stable rental to add to your portfolio or a high-capacity development site near transit, this property offers a rare "best of both worlds" scenario. Secure a functional income-generator today and capitalize on its extraordinary vertical potential tomorrow.
Listing Provided Courtesy of Matthew Reichlin, Skyline Properties, Inc.
General Information
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NWM2513600
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Land
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2 DOM
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9544 SqFt
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0
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Busines
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King
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-
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Land
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Land
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Listing Provided Courtesy of Matthew Reichlin, Skyline Properties, Inc.
Kasamestates data last checked: Apr 27, 2026 01:38 | Listing last modified Apr 26, 2026 17:27,
Source:
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