Listed by Sherry Zuo, Best Choice Realty LLC
- Land
- Type
- 12,960 sq ft
- Lot
- 721
- Days on market
About this property
Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.
Location & commute
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Property details
Listing details
- Listing number
- #2549382
- Listed
- July 2, 2026
- Days on market
- 721 (includes a prior listing period)
Construction
- Style
- 42 - Multi-Family
- Structure
- None
Lot
- Lot size
- 12,960 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Utilities
- Electricity AvailableNatural Gas Available
- Water
- Available
- Sewer
- Available
Schools
- District
- Seattle
- Elementary
- Laurelhurst
- Middle
- Eckstein Mid
- High
- Roosevelt High
What stands out to you?
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- None
- Cash
- Conventional
- Electricity Available
- Natural Gas Available
- Available
Listing history
Listed
$4,950,000
July 2, 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
$28,825
- Principal & interest
- $25,030
- Property tax (est.)
- $3,795
Assumes $990,000 down (20%), a $3,960,000 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.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 5:30 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.