3740 S 142nd Street, Tukwila, WA 98168
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: matthew reichlin
Office: skyline properties, inc.
MLS#:2513600
Source:NWMLS
3740 S 142nd Street,Tukwila, WA 98168
$549,950
- 0.22 Acres
- Lots / Land
- Pending
Price summary
- Price:$549,950
About this home
This property represents a premier land bank opportunity, combining immediate rental income with massive future development upside. Existing 3-bedroom home is clean, livable, and rentable, making an ideal asset to hold while you finalize long-term plans. With new roof and mini-split heating/cooling system, home is low-maintenance and ready to be occupied or rented immediately. For investor, current house provides steady cash flow to offset holding costs. Estimated rent $2,500 per month. Solid condition and updated systems ensure high tenant demand and minimal near-term capital expenditures. The true value is the supercharged Neighborhood Commercial Center (NCC) zoning. Under Tukwila's recent 2025 code updates, the development potential has been significantly expanded to favor high-density, transit-oriented projects. New standards allow for 60-foot height limits, zero-foot setbacks, and reduced parking requirements, giving developers the flexibility to maximize the entire footprint of the lot for a vibrant mixed-use or multifamily project. Buyer to verify. Ideally located in a pedestrian-focused corridor, this site is perfectly positioned to benefit from Tukwila’s rapid growth. Whether you are looking for a stable rental to add to your portfolio or a high-capacity development site near transit, this property offers a rare "best of both worlds" scenario. Secure a functional income-generator today and capitalize on its extraordinary vertical potential tomorrow....
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Home facts
- Listing ID #:2513600
- Updated:June 10, 2026 at 10:43 AM
Structure and exterior
- Lot area:0.22 Acres
- Lot Features:Paved
Utilities
- Water:Available, In Street, On Property
- Sewer:On Property
Finances and disclosures
- Price:$549,950
- Tax amount:$458 (2025)
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