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For Sale 19 Days Online
$1,075,000
4,000 Sqft Lot
No Garage
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.
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2507351
Listed by
Gabe Blake, Blake Investment Advisors
Contact our
Fremont
Real Estate Lead
John L. Scott
Phone...
Property History
Apr 14, 2026
Listed
$1,075,000
NWMLS #2507351
More
Listing Details
  • Status
    For Sale
  • Price
    $1,075,000
  • Original Price
    Same as current
  • List Date
    April 14, 2026
  • Last Status Change
    April 14, 2026
  • Last Update
    April 23, 2026
  • Days on Market
    19 Days
  • Cumulative DOM
    19 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2507351
  • Listing Broker
    Gabe Blake
  • Listing Office
    Blake Investment Advisors
Monthly Payment Estimate
  • Principal and Interest
    $5,635 / month
  • Property Taxes
    $913 / month
  • Homeowners Insurance
    $210 / month
  • TOTAL
    $6,758 / month

  • based on 20% down
    ($215,000)
  • and a
    6.85% Interest Rate
  • About:
    All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
Property Details
  • Sqft (Total)
    0 sqft
  • Sqft (Finished)
    0 sqft
  • Sqft (Unfinished)
    None
  • Property Type
    Parcel
  • Sub Type
    Multi-Family
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    4,000 sqft Lot
  • Lot Size Source
    King County
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • 2026 Property Taxes
    $10,952 / year
  • No Senior Exemption
Public Parcel Data & Maps
Schools
  • School District
    Seattle
  • Elementary
    Unspecified
  • Middle
    Unspecified
  • High School
    Unspecified
HOA
  • HOA Dues
    Unspecified
  • Fees Assessed
    Unspecified
  • HOA Dues Include
    Unspecified
  • HOA Contact
    Unspecified
  • Management Contact
Parking
  • Covered
    Unspecified
  • Has Garage
    No
Views
  • City
Construction
  • Home Builder
    Unspecified
Cooling
Heating
Interior
Property
  • Lot Features
    Sidewalk
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Conventional
Utilities
  • Sewer
    Available
  • Water Source
    Available
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    2.5%%
  • MLS Area #
    Area 705
  • Number of Photos
    25
  • Last Modification Time
    Thursday, April 23, 2026 1:59 PM
  • System Listing ID
    5541822
Update Info
  • First For Sale
    2026-04-15 16:50:26
Listing details based on information submitted to the MLS GRID as of Thursday, April 23, 2026 1:59 PM. 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.
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For Sale 19 Days Online
$1,075,000  
Offer Review: Anytime
NWMLS #2507351. Gabe Blake, Blake Investment Advisors
Map
 
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.