About this home

Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.

Schools

Elementary

Laurelhurst

Middle

Eckstein Mid

High

Roosevelt High

Property details

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

Costs

Annual taxes: $46,368 (2023)

Estimate your monthly payment

$28,894/mo

Principal & interest: $25,030
Property taxes: $3,864

Down payment (20%) $990,000 Interest rate (%) Loan term (years)

Loan amount $3,960,000

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 98105

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Best Choice Realty LLC— Sherry Zuo.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.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.