807 49th Street, Seattle, WA 98103
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: gabe blake
Office: blake investment advisors
MLS#:2507351
Source:NWMLS
807 49th Street,Seattle, WA 98103
$1,075,000
- 0.09 Acres
- Lots / Land
- Active
Price summary
- Price:$1,075,000
About this home
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income....
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Home facts
- Listing ID #:2507351
- Updated:April 23, 2026 at 06:43 PM
Structure and exterior
- Lot area:0.09 Acres
- Lot Features:Sidewalk
Utilities
- Water:Available
- Sewer:Available
Finances and disclosures
- Price:$1,075,000
- Tax amount:$10,952 (2026)
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