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Goldhouse Realty

kenny@goldhouserealty.com +1(253) 376-6410

Listed by:Windermere Mercer Island • Julie Wilson

$ 950,000

Est. payment | -/mo

3 Beds

2 Baths

2,380 SqFt

Save

$ 950,000

Est. payment | -/mo

Save

3 Beds

2 Baths

2,380 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,380 sqft

Price per Sqft $399

Subdivision Capitol Hill

MLS Listing ID 2539377

Style 12 - 2 Story

Bedrooms 3

Full Baths 2

Year Built 1906

Annual Tax Amount $12,394

Lot Size 4,030 Sqft

Property Sub-Type Single Family Residence

Property Description

Madison Valley redevelopment opportunity offering multiple paths for value creation in a prime location surrounded by continued growth, investment, and strong neighborhood demand.For buyers not pursuing immediate ground-up development, the existing structure presents compelling potential. A thoughtful renovation and reconfiguration may create two separate residential units, offering an owner/user setup, income opportunity, or long-term hold while preserving future redevelopment options.For larger-scale redevelopment, the property is zoned NC2-75 (M1), allowing exciting mixed-use possibilities with heights up to 75 feet. Ideal for developers, assemblage buyers, investors, or those seeking long-term upside.Situated on an approx. 4,030 SF lot, the site may support a variety of concepts, including residential above ground-floor commercial or amenity space, subject to buyer verification, design review, and permitting. Preliminary planning suggests approximately 20,000–28,000 SF of gross buildable area and roughly 25–40 residential units, depending on design, unit mix, parking strategy, and commercial use.An exceptional opportunity in one of Seattle's most sought-after neighborhoods with convenient access to retail, dining, transit, employment centers, and continued area growth. Buyer to verify zoning, unit count, rental potential, and redevelopment feasibility to their satisfaction.

Location

State WA

County King

Area 390 - Central Seattle

Rooms

Basement Unfinished

Interior

Interior Features Dining Room, Fireplace

Flooring Hardwood, Vinyl

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace true

Exterior

Exterior Feature Wood

Amenities Available Deck

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Curbs, Paved, Sidewalk, Value In Land

Story Two

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Rehab Loan

Listing Terms Cash, Rehab Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

+1(253) 376-6410

kenny@goldhouserealty.com

1120 Pacific Ave., Tacoma, WA, 98402, USA

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