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MLS: #NWM2550121, Listed By: Anastasia Miles, Windermere Real Estate/East, Source:NWMLS - Northwest Multiple Listing Service

215 31st Avenue

Seattle, WA 98112
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Bed 1

Bed

Bath 1

Bath

SqFt1,440

Sqft

Acres0.10

Acre(Lot)

**Exceptional Development Opportunity – The Value Is in the Land!** Prime 4,400 SF level lot (40' x 110') in one of Seattle's rapidly transforming neighborhoods. Builder activity is already underway with four new homes currently under construction directly across the street, highlighting the strong demand for new housing in the area. Zoned **Neighborhood Residential (NR)** under Seattle's Unified Development Code, this property offers exciting redevelopment potential. Four units are permitted by right with no discretionary design review required for that density. The site may also qualify for additional density through stacked-flat and/or frequent-transit bonus provisions due to its proximity to the Madison Street RapidRide G Line (buyer to verify). Potential eligibility for the 1.6 FAR ti er allows approximately 7,000 SF of buildable floor area. Height limits are 32 feet, with potential for up to 42 feet through qualifying tree canopy incentives. An outstanding opportunity for builders, developers, and investors looking to capitalize on Seattle's evolving housing market. Buyer to verify all zoning, density, FAR, height, and development potential to their own satisfaction.

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Detail Ic Property Details

Property Type : Residential

Price : $995,000

AD Id : 87878163

MLS Id : NWM2550121

Beds : 1

Lot Size : 0.10 Acre

Living Area Size : 1,440

Year Built : 1950

County : King

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Feature Features

  • Bedroom Information

    Total Bedroom: 1

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Interior Features

    Dbl Pane/Storm Window, Walk-In Closet(s) Roof: Composition Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer

    Roofing Information

    Composition
  • Flooring Information

    Flooring: Slate, Carpet Construction Materials: Wood
  • Heating & Cooling

    Heating: Baseboard Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1950
  • Exterior Features

    Wood Products Construction Materials: Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Dimensions: 110x40x110x40 Lot Description: Paved, Sidewalk, Value In Land Lot Square Feet: 4400 Lot Acres: 0.101

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Structure Type: House

  • Listing Price Information

    Original List Price:$995000

  • Tax Information

    Annual Tax: $6182 Tax Year: 2025 Parcel Number: 9828700395

  • Parking Information

    Driveway

  • School Information

    Elementary School: Buyer To Verify Junior High School: Buyer To Verify Senior High School: Buyer To Verify
  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: Madison Valley City: Seattle Direction: GPS works
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Undisclosed Address, Seattle, WA, 98112 $15,000,000 4 7 11,530 11,530 SqFt
2327 41st Avenue, Seattle, WA, 98112 $3,116,000 4 5 3,439 3,439 SqFt
2015 42nd Avenue, Seattle, WA, 98112 $2,495,000 3 3 2,160 2,160 SqFt
1819 39th Avenue, Seattle, WA, 98112 $2,195,000 3 2 2,630 2,630 SqFt
1525 Mcgilvra Boulevard, Seattle, WA, 98112 $1,295,000 3 3 1,520 1,520 SqFt
1419 Mcgilvra Boulevard, Seattle, WA, 98112 $2,075,000 3 3 3,430 3,430 SqFt
62526 RE Undisclosed, Seattle, WA, 98112 $45,000,000 5 12 11,786 11,786 SqFt
1533 38th Avenue, Seattle, WA, 98112 $4,500,000 5 5 5,870 5,870 SqFt
1031 Mcgilvra Blvd East, Seattle, WA, 98112 $7,998,000 5 6 6,040 6,040 SqFt
1426 37th Avenue, Seattle, WA, 98112 $1,495,000 2 1 1,038 1,038 SqFt
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ByOwner last updated this listing 07/11/2026 @ 06:20

MLS: NWMLS #2550121 LISTED BY: Anastasia Miles, Windermere Real Estate/East 425-822-5100 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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