About this home

The Rainier Beach Development Site is a shovel-ready, 6,000 SF LR3 (M2) parcel in an established Urban Village. The Master Use Permit is approved and active through September 2028—no City review delay—and 100% of the architectural and engineering fees are fully paid, with all plans conveying to the buyer at closing.Approved for 42 apartment units, this transit-oriented site requires no parking, maximizing buildable square footage. It qualifies for Seattle's 12-Year MFTE Program and sits within a designated Opportunity Zone for added tax incentives.Walk Score of 81, with a 5-minute walk to the Rainier Beach Light Rail Station, Community Center, and Safeway. Offered at $101 per square foot—a rare, permit-ready foundation in one of Seattle's fastest-evolving submarkets.

Schools

Elementary

Dunlap

Middle

South Shore PK-8

High

Rainier Beach High

Property details

View: City, Lake, Territorial
Lot: Paved
Water source: In Street
Sewer: In Street
Utilities: Electricity Available, Natural Gas Available

Costs

Annual taxes: $3,119 (2026)

Estimate your monthly payment

$3,597/mo

Principal & interest: $3,337
Property taxes: $260

Down payment (20%) $132,000 Interest rate (%) Loan term (years)

Loan amount $528,000

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 Northmarq Multifamily, LLC— Taylor Wyman.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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