7818 NE Lake City Way Ne, Seattle, WA 98115
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: diane li
Office: kelly right re of seattle llc.
MLS#:2514400
Source:NWMLS
7818 NE Lake City Way Ne,Seattle, WA 98115
$840,000
- 3 Beds
- 2 Baths
- 1,920 sq. ft.
- Single family
- Active
Price summary
- Price:$840,000
- Price per sq. ft.:$437.5
About this home
ATTN Developers, Builders, & Investors! An exceptional, high-density development opp a/w in Lake City urban corridor. Offer for the first time, 7818 & 7822 Lake City Way combined, near-level ~9,000 SF footprint primed for a mid-rise, mixed-use project. Featuring robust C1-55 zoning w/ an allowable 3.75 FAR, provides a clear, predictable pathway to construct. a 6-story bldg. Prelim Feasibility highlights an ideal yield of up to 42 RES units (suited for studios/1-bdrm) ground-floor commercial use. Take advantage of Seattle’s 4-foot gnd-fl height bonus to max. ceiling & views, utilizing UG parking entry. Strong local rental demand, prime eligibility for Seattle's 12 year Multi-family Tax Exemption (MFTE) program to max. your post-stabilization yields. while you clear your master use permits (MUP). Buyer to verify all feasibility and zoning constraints to their satisfaction. Total Lot Size: Approx. 9,000 SF (Combined dual-parcel assemblage) Zoning: C1-55 (Commercial 1, 55’ base height limit) Development Capacity: Up to 33,750 gross buildable SF under a 3.75 FAR Pro-Forma Optimization: High-velocity rental sub-market with excellent financial metrics leveraging Seattle's 12-year MFTE property tax exemption.6-story building featuring ground-floor commercial retail and 5 levels of multifamily housing (up to 42 units). Covered Land Play: Existing residential structures offer immediate holding rental cash flow during the architectural and permitting phases....
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Home facts
- Year built:1925
- Subdivision & Development:Ravenna
- Listing ID #:2514400
- Updated:August 26, 2026 at 11:04 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Hardwood
- Kitchen Description:Dishwasher, Disposal, Refrigerator
- Bedroom Description:Lower Level Bedrooms : 1, Main Level Bedrooms : 2
- Basement:Yes
- Basement Description:Finished
- Living area:1,920 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1925
- Building area:1,920 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Alley, Paved, Sidewalk
- Architectural Style:Traditional
- Construction Materials:Cement/Concrete Exterior Finish
- Exterior Features:Fenced-Fully
- Foundation Description:Finished
- Levels:Multi/Split
Schools
- High school:Roosevelt High
- Middle school:Eckstein Mid
- Elementary school:Green Lake
Utilities
- Water:Community
- Sewer:Available
Finances and disclosures
- Price:$840,000
- Price per sq. ft.:$437.5
- Tax amount:$11,037 (2026)
Features and amenities
- Appliances:Dishwasher, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:French Doors, Gated Entry, Water Heater
Parking
- Total parking spaces:180
- Parking description:Detached Garage
- Garage:Yes
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