7822 NE Lake City Way Ne, Seattle, WA 98115
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: diane li
Office: kelly right re of seattle llc.
MLS#:2508699
Source:NWMLS
7822 NE Lake City Way Ne,Seattle, WA 98115
$850,000
- 3 Beds
- 2 Baths
- 1,960 sq. ft.
- Single family
- Active
Price summary
- Price:$850,000
- Price per sq. ft.:$433.67
About this home
ATTN Developers, Builders, & Investors! An exceptional, high-density development opp a/w in Lake City urban corridor. Offer for the first time, 7818 & 7822 Lake City Way combined, near-level ~9,000 SF footprint primed for a mid-rise, mixed-use project. Featuring robust C1-55 zoning w/ an allowable 3.75 FAR, provides a clear, predictable pathway to construct. a 6-story bldg. Prelim Feasibility highlights an ideal yield of up to 42 RES units (suited for studios/1-bdrm) ground-floor commercial use. Take advantage of Seattle’s 4-foot gnd-fl height bonus to max. ceiling & views, utilizing UG parking entry. Strong local rental demand, prime eligibility for Seattle's 12 year Multi-family Tax Exemption (MFTE) program to max. your post-stabilization yields. while you clear your master use permits (MUP). Buyer to verify all feasibility and zoning constraints to their satisfaction. Total Lot Size: Approx. 9,000 SF (Combined dual-parcel assemblage) Zoning: C1-55 (Commercial 1, 55’ base height limit) Development Capacity: Up to 33,750 gross buildable SF under a 3.75 FAR Pro-Forma Optimization: High-velocity rental sub-market with excellent financial metrics leveraging Seattle's 12-year MFTE property tax exemption.6-story building featuring ground-floor commercial retail and 5 levels of multifamily housing (up to 42 units). Covered Land Play: Existing residential structures offer immediate holding rental cash flow during the architectural and permitting phases....
Contact an agent
Home facts
- Year built:1925
- Subdivision & Development:Ravenna
- Listing ID #:2508699
- Updated:September 04, 2026 at 12:25 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:1
- Flooring:Hardwood
- Kitchen Description:Dishwasher, Disposal, Refrigerator
- Bedroom Description:Lower Level Bedrooms : 1, Main Level Bedrooms : 2
- Basement:Yes
- Basement Description:Finished
- Living area:1,960 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1925
- Building area:1,960 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Alley, Paved, Sidewalk
- Architectural Style:Craftsman
- Construction Materials:Cement/Concrete Exterior Finish
- Exterior Features:Fenced-Fully
- Foundation Description:Finished
- Levels:Multi/Split
Schools
- High school:Roosevelt High
- Middle school:Eckstein Mid
- Elementary school:Green Lake
Utilities
- Water:Community
- Sewer:Available
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$433.67
- Tax amount:$11,037 (2026)
Features and amenities
- Appliances:Dishwasher, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:French Doors, Gated Entry, Water Heater
Parking
- Total parking spaces:180
- Parking description:Detached Garage
- Garage:Yes
New listings near 7822 NE Lake City Way Ne
- Open Sun, 12pm to 3amNew
$488,600Active1 beds 1 baths500 sq. ft.1518 NE 86th Street, Seattle, WA 98115
MLS# 2548950Listed by: WILSON REALTY EXCHANGE, INC. - New
$650,000Active2 beds 1 baths960 sq. ft.13750 22nd Avenue Ne, Seattle, WA 98125
MLS# 2571912Listed by: PELLEGO, INC. - Open Sat, 10:30am to 12:30pmNew
$525,000Active2 beds 2 baths1,067 sq. ft.115 N 105th Street, Seattle, WA 98133
MLS# 2573930Listed by: WINDERMERE RE/CAPITOL HILL,INC - New
$349,950Active2 beds 2 baths670 sq. ft.8816 Nesbit Avenue N #104, Seattle, WA 98103
MLS# 2577021Listed by: KELLER WILLIAMS NORTH SEATTLE - Open Fri, 5 to 7pmNew
$749,950Active4 beds 3 baths1,446 sq. ft.2334 Franklin Avenue E #E, Seattle, WA 98102
MLS# 2577701Listed by: KRONOS REAL ESTATE - Open Sat, 2 to 4pmNew
$569,050Active2 beds 3 baths840 sq. ft.7546 26th Avenue Nw #B, Seattle, WA 98117
MLS# 2578053Listed by: COMPASS - New
$700,000Active3 beds 2 baths2,190 sq. ft.2311 21st Avenue S, Seattle, WA 98144
MLS# 2567982Listed by: KELLER WILLIAMS EASTSIDE - Open Sat, 3 to 5pmNew
$950,000Active3 beds 3 baths1,948 sq. ft.116 Aloha Street #116, Seattle, WA 98109
MLS# 2572446Listed by: EVERY DOOR REAL ESTATE - New
$1,200,000Active-- beds -- baths4,064 sq. ft.8632 26th Avenue Sw, Seattle, WA 98106
MLS# 2573723Listed by: KW GREATER SEATTLE - Open Sat, 11am to 12:30pmNew
$365,000Active2 beds 2 baths884 sq. ft.823 N 161st Place #302, Seattle, WA 98133
MLS# 2575312Listed by: WINDERMERE REAL ESTATE MIDTOWN