About this home

Arun Apartments "PERMITTED" Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle’s most supplyconstrained and sought-after multifamily submarkets. Beyond the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income.

Exterior features

See Remarks

Schools

Elementary

Queen Anne

Middle

Mc Clure Mid

High

Lincoln High

Property details

Heating: Forced Air
Cooling: None
Lot: Adjacent to Public Land, Alley, Paved, Value In Land
Sewer: Sewer Connected

Costs

Annual taxes: $19,671 (2025)

Estimate your monthly payment

$14,028/mo

Principal & interest: $12,389
Property taxes: $1,639

Down payment (20%) $490,000 Interest rate (%) Loan term (years)

Loan amount $1,960,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98109

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Pacific Crest— Alan Wileman.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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