Investor opportunity in the heart of Columbia City. Bring your vision. This 6,358 square foot lot with an existing spacious vintage craftsman offers two clear paths: renovate the classic home and add density behind it, or build new by taking advantage of the permit-ready 6-unit townhome project already designed by Cone Architecture. Choose to renovate and you'll find the existing home offers the bones to create something special, featuring a functional main-floor layout, three bedrooms upstairs, and an unfinished basement adding further upside. The back yard offers ample space to build 2-3 new homes, providing the option to take your investment to the next level. Alternatively, choose to start fresh with a brand new townhome community, featuring everything the modern new construction buyer is seeking - large 3-4 bedroom floorplans, roof top decks and parking for all homes. Whichever direction suits your model, location is a proven draw: near Columbia City Link Light Rail, PCC Community Markets, and the Rainier Ave S retail and dining corridor. Whether you're penciling a rehab + added density play or a full ground-up redevelopment, the lot size, location and permit-ready plans create one of the stronger value-add opportunities to hit Columbia City in a while. Full architectural and structural plans available on request. Reach out today for more information or to book a site visit!
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2500885
Listed by
Dan Wilcynski,
Windermere Real Estate Midtown Klaus Gosma,
Windermere Real Estate Midtown
Bath Off Primary Dining Room Walk-In Closet(s) Water Heater
Property
Lot Features
Curbs Paved Sidewalk Value In Land
Site Features
Deck Fenced-Fully Gated Entry Outbuildings Patio
Appliances
Included
Stove(s)/Range(s)
Terms
3rd Party Approval Required)
No
Bank Owned (REO)
No
Complex FHA Availability
Unspecified
Potential Terms
Cash Conventional
Utilities
Energy
Electric
Sewer
Sewer Connected
Water Source
Public
Additional Info
Waterfront
No
Air Conditioning (A/C)
No
Buyer Broker's Compensation
2.5%
MLS Area #
Area 385
Number of Photos
35
Last Modification Time
Thursday, April 2, 2026 8:57 AM
System Listing ID
5535948
Update Info
First For Sale
2026-04-01 15:17:43
Listing details based on information submitted to the MLS GRID as of Thursday, April 2, 2026 8:57 AM.
All data is obtained from various
sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information is provided by the listing agent except as follows: BuilderB indicates
that our system has grouped this listing under a home builder name that doesn't match
the name provided
by the listing broker. DevelopmentD indicates
that our system has grouped this listing under a development name that doesn't match the name provided
by the listing broker.