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JRJeff ReynoldsCompass · Seattle

Listed by Alan Wileman, Pacific Crest

13,200
Square feet
$186
Per sq ft
Multi Family
Type
1940
Year built
10,600 sq ft
Lot
173
Days on market

About this property

Arun Apartments "PERMITTED" Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle’s most supplyconstrained and sought-after multifamily submarkets. Beyond the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income.

Location & commute

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Directions

Property details

Listing details

Listing number
#2452589
Listed
November 6, 2025
Days on market
173
Price per sq ft
$186
Original list price
$2,650,000

Unit & building

Stories in building
4
Units in building
5

Construction

Year built
1940
Style
55 - 5-9 Units
Structure
Multi Family
Roof
Composition

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
Electric

Lot

Lot features
Adjacent to Public LandAlleyPavedValue In Land
Lot size
10,600 sq ft

Terms

Terms offered
Conventional

Utilities

Water
Seattle Public Utilities
Sewer
Seattle Public Utilities
Power
Seattle Public Utilities

Schools

District
Seattle
Elementary
Queen Anne
Middle
Mc Clure Mid
High
Lincoln High

What stands out to you?

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  • Multi Family
  • Composition
  • Forced Air
  • None
  • Electric
  • Adjacent to Public Land
  • Alley
  • Paved
  • Value In Land
  • Conventional

Listing history

  1. Listed

    $2,650,000

    November 6, 2025

  2. Current price

    $2,450,000

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

$14,267

Principal & interest
$12,389
Property tax (est.)
$1,878

Assumes $490,000 down (20%), a $1,960,000 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 14, 2026 at 12:15 AM 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.