About this home

48,925 SF - 6 tax parcels - of NR2 Zoned land located near Kubota Gardens. Neighborhood Residential (NR2) zoning allows for a developer to build four standalone dwelling units on each of the six tax parcels for a total of 24 detached residences on ±1.12 acres. This is one of the few large contiguous development sites left in the City of Seattle, situated on a quiet low-traffic street adjacent to the Chief Sealth Trail and Lakeridge Park, with close proximity to the Rainier Beach Link Light Rail Station, Lake Washington, shops, and grocery stores. See supplements for offering memorandum that better describes the development potential.

Property details

Water source: Available
Sewer: Available
Utilities: Electricity Available, Natural Gas Available

Costs

Annual taxes: $13,978 (2025)

Estimate your monthly payment

$7,233/mo

Principal & interest: $6,068
Property taxes: $1,165

Down payment (20%) $240,000 Interest rate (%) Loan term (years)

Loan amount $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 98118

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Paragon Real Estate Advisors— Michael Urquhart.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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