417 Minor Avenue N Seattle, WA 98109

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417 Minor Avenue N Seattle, WA 98109

Existing 2 & 1/2 story with basement, updated 4-Plex with mixed-use zoning allows residential and/or commercial opportunities

A rare opportunity in South Lake Union perfect for an owner/user. Add investment upside in adding townhome units or redevelop into high density multifamily project.

The updated multi-family is fully rented with light-filled, spacious remodeled apartments--each with its own patio/balcony-- five rentable surface parking spaces, and onsite storage units in basement

Five surface parking spaces fully rented for up to $190 each a month. Patio in picture is part of neighboring property.

Another view of parking spaces just off the back alley. Feasibility plans available showing developing the parking into townhomes.

Overview of multi-family home showing Minor Avenue N in front and alley access in back

The property was a single family 1909-built home, converted into 4 units in the mid-1970's. 3 of the 4 units updated in the last 5 years.

The property is one of the few remaining residential development parcels in the South Lake Union area, offering a myriad of possibilities.

The lot next door - 413 Minor - is also for sale. Combining the lots offers even more development options. Study available indicating 93 SEDU units without a basement or 97 units with a basement. Due diligence reports completed - environmental, soils, SDCI notes, and more

Overhead showing combination of the parcels at 417 and 413 offers 7,200 sf development envelope

The property is located in Seattle's desirable South Lake Union tech-sector neighborhood in the North Cascade District.

Just blocks from south Lake Union waterfront and the Cheshiahud Lake Union Loop, a trail encompassing 6.4 miles of scenic vistas

Neighborhood offers an ideal work/life balance with 99 Walk Score, nearby transit and quick access to 1-5.

A perfect investment opportunity for an owner user - live in one of the units, rent out the others while pursuing permits to develop the property. List price is below assessed value!

Zoning allows for a wide variety of uses, including residential, office, and retail

All units and parking stalls are rented and on short term leases

parcel is 3600 sf with a 4,107 sf building

The front, bottom apt is unit 1 and large living space with balcony

Unit 1 showing entrance and fridge in backround

The back bottom apt is Unit 2 and is a studio, updated in 2023

The front top apt is unit 3 and is the largest apt and is vintage 1980's

Open great room with stairs up to bedroom and loft

Unit 3 Upstairs bedroom and separate loft on other side of stairs-note the skylights and balcony off bedroom

Unit three is top floor, front and offers a balcony overlooking the street - additional balcony off the upstairs bedroom

Back top apt is unit 4 and has one bedroom, just updated last year

Courtesy of John L. Scott, Inc.

417 Minor Avenue N

Seattle, WA 98109

$1,398,000

Multi-Family

0 Beds

0.00 Baths

0 SqFt

Active

Rare investment opportunity in South Lake Union w/ existing 4-Plex & mixed use zoning-ideal for owner/user! Located in Seattle's tech-sector neighborhood, property is one of the few remaining residential development parcels in the area, offering a myriad of options: retain rentals as residential/business/retail units & potentially add up to 3 townhomes on parking surface area; redevelop site w/ 6 townhome units or denser multifamily project--generate income from existing fourplex while awaiting permits. Vacant land next door also for sale: with the two parcels combined, offer even more development opportunities. The neighborhood offers desirable work/life balance with a 99 walk score & nearby transit & I-5. Five on-site parking spaces!

Property Features

Community: South Lake Union
4-Plex
View: Territorial
Cable TV
Fenced-Partially
High Speed Internet
Exterior: Metal/Vinyl
Exterior: Wood
Roof: Composition
Year Built: 1909
2024 Taxes: $13642.00
Buyer Broker Comp.: 2%%
Listing #: 2427483

Lot Details

Lot Size: 0.08 acres
Alley
Curbs
Paved
Sidewalk
No. of Units: 4

Interior

Cooling: None
Heating: Wall Unit(s), Baseboard
Electric

Common Features

Coin Op Laundry

Schools

District: Seattle

Call or Email:

Grace Wamwere

206-395-4584

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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