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JRJeff ReynoldsCompass · Seattle

Listed by Gia Guo, MY International Real Estate

Land
Type
26,140 sq ft
Lot
121
Days on market

About this property

Rare investment and development opportunity! Two adjacent parcels for the price of $1.3M. 3401 NE 12th St and 1161 Olympia Ave NE (parcel #092305-9124 and 092305-9135). Two level lots offers combined total of approximately 39000 sqf/0.9 acre. RMF (Residential Multiple Family) Zoning, up to 20 units per acre. Utilities are on site. Two rental units on 1161 Olympia Ave NE. Next to a 29-unit-apartment building. Amazing location, close to freeways, dining, shopping, airport, parks, trails, and the lake. Sold as-is. Value is in the land.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2439950
Listed
October 1, 2025
Days on market
121

Construction

Style
40 - Res-Less thn 1 Ac
Structure
None

Lot

Lot features
Paved
Lot size
26,140 sq ft

Terms

Terms offered
Cash Out

Utilities

Utilities
Electricity ConnectedNatural Gas Available
Water
Available
Sewer
On Property

Schools

District
Renton

What stands out to you?

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  • None
  • Paved
  • Cash Out
  • Electricity Connected
  • Natural Gas Available
  • Available
  • On Property

Listing history

  1. Listed

    $1,300,000

    October 1, 2025

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$7,571

Principal & interest
$6,574
Property tax (est.)
$997

Assumes $260,000 down (20%), a $1,040,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 10:45 PM PDT. 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.