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MLS: #NWM2507351, Listed By: Gabe Blake, Blake Investment Advisors, Source:NWMLS - Northwest Multiple Listing Service

807 N 49th Street

Seattle, WA 98103
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Acres0.09

Acre(Lot)

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 deve lopment 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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Detail Ic Property Details

Property Type : Land

Price : $1,075,000

AD Id : 77060340

MLS Id : NWM2507351

Lot Size : 0.09 Acre(Lot)

County : King

Subdivision: St Petersburg Beach North

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Feature Features

  • Water Source

    WaterSource: Available

  • Lot Information

    Lot Description: Sidewalk Lot Square Feet: 4000 Lot Acres: 0.0918

    Property Information

    Property Type: Land Sub Type: Land Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$1075000

  • Tax Information

    Annual Tax: $10952 Tax Year: 2026 Parcel Number: 9521100995

  • Utility Information

    Electricity Connected, Natural Gas Available Sewer: Available Water Source: Available
  • Location Information

    Subdivision: Wallingford City: Seattle Direction: Take Exit 169 (NE 45th St) Head west on NE 45th St toward Wallingford Turn right on Meridian Ave N Continue north for about 4 blocks Turn left on N 49th St 807 N 49th St will be on your right
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9239 Interlake Avenue, Seattle, WA, 98103 $1,200,000 -- -- -- 0.11 Acre(Lot)
911 N 77th Street, Seattle, WA, 98103 $799,950 -- -- -- 0.10 Acre(Lot)
8710 Dayton Avenue, Seattle, WA, 98103 $674,000 -- -- -- 0.09 Acre(Lot)
1624 N 45th Street, Seattle, WA, 98103 $1,000,000 -- -- -- 0.08 Acre(Lot)
4309 Evanston Avenue, Seattle, WA, 98103 $1,400,000 -- -- -- 0.11 Acre(Lot)
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ByOwner last updated this listing 06/10/2026 @ 06:20

MLS: NWMLS #2507351 LISTED BY: Gabe Blake, Blake Investment Advisors 206-618-2207 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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