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JRJeff ReynoldsCompass · Seattle

Listed by Trevor Asay, Asay Realty

5,496
Square feet
$255
Per sq ft
Multi Family
Type
1901
Year built
3,600 sq ft
Lot
91
Days on market

About this property

Rare corner lot development or renovation opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. Zoned LR2(M), this 3,600 SF corner parcel features an existing ~5,500 SF two-story structure that served as a neighborhood anchor for over four decades. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional site utility and flexibility. Newer multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation and strong momentum in this neighborhood. Ideally situated within walking distance of Swedish Hospital Cherry Hill, Seattle University, and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for the area. Buyer to verify all zoning, permitting, and development feasibility

Location & commute

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Directions

Property details

Listing details

Listing number
#2530629
Listed
May 28, 2026
Days on market
91
Price per sq ft
$255
Original list price
$1,700,000

Unit & building

Stories in building
2
Units in building
6

Parking

Total spaces
4

Construction

Year built
1901
Style
55 - 5-9 Units
Structure
Multi Family
Roof
Flat

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
Electric

Lot

Lot features
PavedSidewalk
Lot size
3,600 sq ft

Terms

Terms offered
CashConventionalOwner Will CarrySee Remarks

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Seattle
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Multi Family
  • Flat
  • Forced Air
  • None
  • Electric
  • Paved
  • Sidewalk
  • Cash
  • Conventional
  • Owner Will Carry
  • See Remarks
  • Public

Listing history

  1. Listed

    $1,700,000

    May 28, 2026

  2. Current price

    $1,400,000

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

$8,152

Principal & interest
$7,079
Property tax (est.)
$1,073

Assumes $280,000 down (20%), a $1,120,000 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 August 28, 2026 at 4:45 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.