$995,000
215 31st Avenue E, Seattle, WA 98112
1 Beds
1 Baths
1,440 Sq Ft
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MLS #2550121 / Listing provided by NWMLS & Windermere Real Estate/East.

$995,000

215 31st Avenue E
Seattle, WA 98112

Active 21 hours ago
1
Beds
1
Baths
1,440
Sq Ft
$691
Per Sq Ft
1950
Year Built

**Exceptional Development Opportunity – The Value Is in the Land!** Prime 4,400 SF level lot (40' x 110') in one of Seattle's rapidly transforming neighborhoods. Builder activity is already underway with four new homes currently under construction directly across the street, highlighting the strong demand for new housing in the area. Zoned **Neighborhood Residential (NR)** under Seattle's Unified Development Code, this property offers exciting redevelopment potential. Four units are permitted by right with no discretionary design review required for that density. The site may also qualify for additional density through stacked-flat and/or frequent-transit bonus provisions due to its proximity to the Madison Street RapidRide G Line (buyer to verify). Potential eligibility for the 1.6 FAR tier allows approximately 7,000 SF of buildable floor area. Height limits are 32 feet, with potential for up to 42 feet through qualifying tree canopy incentives. An outstanding opportunity for builders, developers, and investors looking to capitalize on Seattle's evolving housing market. Buyer to verify all zoning, density, FAR, height, and development potential to their own satisfaction.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Lower Level Bedrooms: 0
  • Upper Level Bedrooms: 0

Bathrooms

  • Total Bathrooms: 1
  • Half Bathrooms: 0
  • Three-quarter Bathrooms: 0
  • Full Bathrooms: 1
  • Full Bathrooms in Garage: 0
  • Half Bathrooms in Garage: 0
  • Three-quarter Bathrooms in Garage: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Attached: No
  • Parking Features: Driveway
  • Parking Total: 0

Structure

  • Roof: Composition
  • Exterior Features: Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Paved, Sidewalk, Value In Land
  • Acres: 0.101
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Seattle
  • High School: Buyer To Verify
  • Middle School: Buyer To Verify
  • Elementary School: Buyer To Verify

Transportation

  • Nearby Bus Line: true

Lot Details

  • Lot Features: Paved, Sidewalk, Value In Land
  • Acres: 0.101
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: PSE

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
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