Pending · Residential

215 31st Avenue E, Seattle, WA 98112

Seattle, WA 98112

$995,000

1 bedrooms · 1 bathrooms · 1,440 sq ft

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Listing provided by Windermere Real Estate/East · MLS #2550121 · Pending

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About this property

**Exceptional Development Opportunity – The Value Is in the Land!** Prime 4,400 SF level lot (40' x 110') in one of Seattle's rapidly transforming neighborhoods. Builder activity is already underway with four new homes currently under construction directly across the street, highlighting the strong demand for new housing in the area. Zoned **Neighborhood Residential (NR)** under Seattle's Unified Development Code, this property offers exciting redevelopment potential. Four units are permitted by right with no discretionary design review required for that density. The site may also qualify for additional density through stacked-flat and/or frequent-transit bonus provisions due to its proximity to the Madison Street RapidRide G Line (buyer to verify). Potential eligibility for the 1.6 FAR tier allows approximately 7,000 SF of buildable floor area. Height limits are 32 feet, with potential for up to 42 feet through qualifying tree canopy incentives. An outstanding opportunity for builders, developers, and investors looking to capitalize on Seattle's evolving housing market. Buyer to verify all zoning, density, FAR, height, and development potential to their own satisfaction.

Property details

Property type: Single Family Residence
Year built: 1950
Lot size: 4,400 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $6,182 (2025)
Parking spaces: 0
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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