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
- Listing ID #:2508699
- Updated:June 23, 2026 at 12:32 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, 12 to 3pmNew
$1,260,000Active3 beds 4 baths2,170 sq. ft.3161 S Oregon Street, Seattle, WA 98108
MLS# 2542023Listed by: REDFIN - New
$2,185,000Active4 beds 3 baths2,836 sq. ft.9839 51st Avenue Sw, Seattle, WA 98136
MLS# 2540716Listed by: PORTICO REAL ESTATE - Open Sat, 11am to 1pmNew
$545,000Active1 beds 2 baths1,113 sq. ft.819 Virginia Street #3206, Seattle, WA 98101
MLS# 2541841Listed by: WINDERMERE REAL ESTATE/EAST - New
$220,000Active1 beds 1 baths595 sq. ft.2100 N 106th Street #104, Seattle, WA 98133
MLS# 2543305Listed by: THE ROANOKE GROUP - Open Tue, 1 to 3pmNew
$2,900,000Active5 beds 4 baths3,980 sq. ft.3303 37th Avenue W, Seattle, WA 98199
MLS# 2543588Listed by: WINDERMERE RE GREENWOOD - New
$6,500,000Active-- beds -- baths25,500 sq. ft.4731 12th Avenue Ne, Seattle, WA 98105
MLS# 2543808Listed by: LEE & ASSOCIATES COMMERCIAL RE - New
$430,000Active-- beds -- baths2,400 sq. ft.10311 Aurora Avenue N, Seattle, WA 98133
MLS# 2543766Listed by: REAL BROKER LLC - New
$480,000Active2 beds 2 baths1,048 sq. ft.8720 Phinney Avenue N #21, Seattle, WA 98103
MLS# 2543675Listed by: ACRE REAL ESTATE - Open Thu, 10:30am to 1pmNew
$2,375,000Active4 beds 3 baths3,400 sq. ft.1124 Lake Washington Boulevard S, Seattle, WA 98144
MLS# 2543439Listed by: COMPASS - New
$1,125,000Active3 beds 3 baths2,167 sq. ft.13721 Meridian Avenue N, Seattle, WA 98133
MLS# 2543609Listed by: RE/MAX NORTHWEST