5360 S Wallace #A & B Seattle, WA 98178
5360 S Wallace #A & B
Seattle, WA 98178
$499,888
Residential
3 Beds
1.00 Baths
2920 SqFt
Active
INVESTOR AND DEVELOPER ALERT! Unlock the massive potential of this rare South Seattle find in the historic Hillman’s Meadow Gardens. This unique offering includes 2 structures on a condominimiumized lot: A Craftsman-style fixer as the primary residence that is 2,150 gross sqft, and a 770 sqft fully detached structure. Together they are sited on a lot that already has 2 separate legal descriptions. With a survey sketch available and the condominiumization complete, the possibilities are endless! This condominiumized property offers a compelling value-add opportunity with multiple high-yield exit strategies. Flip both units and sell separately for maximum resale value, rehab both and sell one off to hold the other as a rental with limited carrying costs, or renovate and sell the entire package to deliver a turnkey lifestyle investment. However you structure it, each scenario presents strong margin potential and flexible capital deployment, making this an attractive play for both short-term gains and long-term yield. Located in a charming, established neighborhood known for its large lots and mature landscaping, you are just minutes from MLK Jr. Way S, Skyway, shopping, and major transit hubs. Bring your builder and your vision to this centrally located gem and secure a rare footprint in a high-demand South Seattle pocket. Private Money Lender for Investment buyers only, pre-approved for 10-20% down OAC.
Property Features
Community: Rainier Valley
Bank Owned
1 1/2 Stry w/Bsmt
View: Territorial
Fenced-Partially
RV Parking
Exterior: Wood
Exterior: Wood Products
Roof: Composition
Parking: Driveway
Parking: Off Street
Parking: RV Parking
Year Built: 1911
2025 Taxes: $6264.00
Buyer Broker Comp.: 2.5%
Listing #: 2480758
Lot Details
Lot Size: 0.24 acres
Dead End Street
Paved
Value In Land
Interior
Cooling: None
Heating: Forced Air
Electric
Oil
Schools
District: Seattle
Elem: Rainier View
Middle: Aki Kurose
High: Rainier Beach High
Call or Email:
Grace Wamwere
What's Near 5360 S Wallace #A & B Seattle, WA 98178?

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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