Listed by Taylor Wyman, Northmarq Multifamily, LLC
- Land
- Type
- 6,000 sq ft
- Lot
- 429
- Days on market
About this property
The Rainier Beach Development Site is a shovel-ready, 6,000 SF LR3 (M2) parcel in an established Urban Village. The Master Use Permit is approved and active through September 2028—no City review delay—and 100% of the architectural and engineering fees are fully paid, with all plans conveying to the buyer at closing.Approved for 42 apartment units, this transit-oriented site requires no parking, maximizing buildable square footage. It qualifies for Seattle's 12-Year MFTE Program and sits within a designated Opportunity Zone for added tax incentives.Walk Score of 81, with a 5-minute walk to the Rainier Beach Light Rail Station, Community Center, and Safeway. Offered at $101 per square foot—a rare, permit-ready foundation in one of Seattle's fastest-evolving submarkets.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2541768
- Listed
- June 18, 2026
- Days on market
- 429 (includes a prior listing period)
Views
- View
- CityLakeTerritorial
Construction
- Style
- 40 - Res-Less thn 1 Ac
- Structure
- None
Lot
- Lot features
- Paved
- Lot size
- 6,000 sq ft
Terms
- Terms offered
- CashConventionalOwner Will Carry
Utilities
- Utilities
- Electricity AvailableNatural Gas Available
- Water
- In Street
- Sewer
- In Street
Schools
- District
- Seattle
- Elementary
- Dunlap
- Middle
- South Shore PK-8
- High
- Rainier Beach High
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- City
- Lake
- Territorial
- None
- Paved
- Cash
- Conventional
- Owner Will Carry
- Electricity Available
- Natural Gas Available
- In Street
Listing history
Listed
$660,000
June 18, 2026
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
$3,843
- Principal & interest
- $3,337
- Property tax (est.)
- $506
Assumes $132,000 down (20%), a $528,000 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.
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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.