5360 S Wallace #A & B, Seattle, WA 98178

Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: tammy yao, jim melgard
Office: windermere real estate/east
MLS#:2480758
Source:NWMLS
5360 S Wallace #A & B,Seattle, WA 98178
$499,888
  • 3 Beds
  • 1 Baths
  • 2,920 sq. ft.
  • Single family
  • Pending

Price summary

  • Price:$499,888
  • Price per sq. ft.:$232.51

About this home

INVESTOR AND DEVELOPER ALERT! Unlock the massive potential of this rare South Seattle find in the historic Hillman’s Meadow Gardens. This unique offering includes 2 structures on a condominimiumized lot: A Craftsman-style fixer as the primary residence that is 2,150 gross sqft, and a 770 sqft fully detached structure. Together they are sited on a lot that already has 2 separate legal descriptions. With a survey sketch available and the condominiumization complete, the possibilities are endless! This condominiumized property offers a compelling value-add opportunity with multiple high-yield exit strategies. Flip both units and sell separately for maximum resale value, rehab both and sell one off to hold the other as a rental with limited carrying costs, or renovate and sell the entire package to deliver a turnkey lifestyle investment. However you structure it, each scenario presents strong margin potential and flexible capital deployment, making this an attractive play for both

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Home facts

  • Year built:1911
  • Listing ID #:2480758
  • Updated:February 25, 2026 at 06:01 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:2,920 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1911
  • Building area:2,920 sq. ft.
  • Lot area:0.24 Acres

Schools

  • High school:Rainier Beach High
  • Middle school:Aki Kurose
  • Elementary school:Rainier View

Utilities

  • Water:Public
  • Sewer:Available, Sewer Connected

Finances and disclosures

  • Price:$499,888
  • Price per sq. ft.:$232.51
  • Tax amount:$6,264 (2025)
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