Pending · Residential

1403 E Alder Street , Seattle, WA 98122

Seattle, WA 98122

$499,000

3 bedrooms · 1 bathrooms · 720 sq ft

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Listing provided by Windermere Real Estate Co. · MLS #2583937 · Pending

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About this property

Prime Central District Development Opportunity! Approximately 4,089 SF corner lot (84' x 49') zoned LR1, offering strong development potential for townhouse-style or multi-unit development, subject to buyer verification. The existing structure is likely a teardown - offered strictly as-is, with the primary value centered on the land and its development potential. Alternatively, buyers may consider a down-to-the-studs remodel and rebuild to create a 1 story with basement custom home tailored to their vision. Located in a desirable and rapidly evolving neighborhood surrounded by new construction and residential growth, the property offers convenient access to major industry, commuter routes, shopping, dining, parks, and the many amenities of Seattle's Central District. An exceptional opportunity for builders, developers, and investors to create value in one of Seattle’s high-demand areas. Bring your vision—opportunities like this are increasingly rare. Buyer to independently verify zoning, land use, permitting requirements, feasibility, and all development potential with the City of Seattle.

Property details

Property type: Single Family Residence
Year built: 1945
Lot size: 4,089 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $6,281 (2026)
Parking spaces: 0
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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