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Michele Hunt

michelehuntre@gmail.com +1(206) 334-7449

Listed by:Real Broker LLC • Chris Schniegenberg

$ 1,100,000

Est. payment | -/mo

3 Beds

2 Baths

1,720 SqFt

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$ 1,100,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,720 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,720 sqft

Price per Sqft $639

Subdivision Queen Anne

MLS Listing ID 2560520

Style 52 - Duplex

Bedrooms 3

Year Built 1905

Lot Size 3,000 Sqft

Property Sub-Type Multi Family

Property Description

Unmatched flexibility and prime growth potential converge at this rare corner-lot opportunity in one of Seattle's most rapidly expanding neighborhoods. Developers, don't miss out on the only available lot in this rapid growth area. Currently featuring a fully functioning, cash-flowing duplex set on a sprawling, level yard, this property allows you to buy and hold for immediate rental income while holding a prized canvas for high-density future development. Zoned **MIO-37-LR3 (M)**—combining highly permissive Lowrise 3 capacity with a 37-foot Major Institution Overlay height limit and MHA framework—the lot provides exceptional structural envelope advantages and flexible layout options. Take full advantage of Seattle's progressive urban planning codes and streamlined middle-housing provisions to construct townhomes, rowhouses, or a modern multi-unit residential project in a high-demand, transit-rich corridor. Rent lower unit $2,600 Rent forecast upper unit $3,500 Also We did the math for you using Ai below: Target Unit Yield: On a 3,000 sq ft parcel in LR3, developers typically yield 3 townhomes (approx. 1,800–2,000 sq ft each) or 6 to 8 micro-apartments/flats, depending on core efficiency and circulation space. MIO-37 Structural Fit: The 37-foot Major Institution Overlay height limit easily accommodates a clean 3-story frame (approx. 10–11 ft floor-to-floor) with room for flat roof decks or parapets

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Ceramic Tile, Laminate, Vinyl

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Fenced-Fully, High Speed Internet

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 334-7449

michelehuntre@gmail.com

1400 112th AVE SE,, Bellevue, WA, 98004

3115 Queen Anne AVE N Seattle, WA 98109

Michele Hunt

Key Details

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Interior

Exterior

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Others

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