807 N 49th Street, Seattle, WA 98103
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: gabe blake, josh blake
Office: blake investment advisors
MLS#:2503470
Source:NWMLS
807 N 49th Street,Seattle, WA 98103
$1,075,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,075,000
About this home
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income....
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Home facts
- Year built:1911
- Listing ID #:2503470
- Updated:April 19, 2026 at 11:05 AM
Rooms and interior
- Flooring:Vinyl Plank
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1911
- Lot area:0.09 Acres
- Construction Materials:Wood Products Exterior Finish
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,075,000
- Tax amount:$10,952 (2026)
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