$1,075,000
807 N 49th Street, Seattle, WA 98103
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MLS #2507351 / Listing provided by NWMLS .

$1,075,000

807 N 49th Street
Seattle, WA 98103

Active 23 hours ago

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: No
  • Cooling: No
Exterior Features

Lot Details

  • Lot Features: Sidewalk
  • Acres: 0.0918
Area Features

Schools

  • High School District: Seattle

Lot Details

  • Lot Features: Sidewalk
  • Acres: 0.0918
Utilities

Water, Sewer, and Garbage

  • Sewer: Available
  • Water Source: Available
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Hilary Cox

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