About this home

BUILDER, DEVELOPER & INVESTOR OPPORTUNITY IN MAGNOLIA! Bring your vision & unlock the potential of this LR1(M)-zoned property offering multiple paths to create value in one of Seattle’s most desirable & established neighborhoods. Renovate & reposition the existing residence for a compelling flip, transform it into a long-term investment, or explore redevelopment opportunities under Seattle’s Lowrise Multifamily zoning. The existing home provides a substantial footprint w/walls of windows, abundant natural light, territorial views & a flexible layout featuring 2 bedrooms on the main + 2 on the lower level. Separate lower-level entrance adds versatility for future use, while Trex decking, patio, fenced yard & driveway parking for up to 4 vehicles provide additional upside. For builders & investors, the opportunity is the combination of multifamily zoning, existing improvements & a Magnolia location where finished housing commands attention. Create value through renovation or evaluate a new vision for the site—the optionality is the story. Minutes to Fishermen’s Terminal, Discovery Park, Ballard, Queen Anne, Downtown Seattle, shopping, dining & major commuter routes. FIX IT. FLIP IT. HOLD IT. REDEVELOP IT. An opportunity to manufacture value rather than pay retail for someone else’s finished project. Sold AS-IS. Buyer

Interior features

Exterior features

Appliances

Schools

Property details

Heating

Forced Air

Cooling

See Remarks

Flooring

Hardwood, Vinyl, Carpet

Parking

Attached Carport, RV Parking

View

City, Mountains, Territorial

Lot

Corner Lot, Curbs, Open Space, Paved, Secluded, Sidewalk

Water source

Public

Sewer

Sewer Connected

Style

Craftsman

Levels

One

Fireplaces

1

Costs

Price / sq ft

$373

Annual taxes

$9,051 (2025)

Location

Seattle, WA 98199