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
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
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
Five surface parking spaces fully rented for up to $190 each a month. Patio in picture is part of neighboring property.
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.
Zoning allows for a wide variety of uses, including residential, office, and retail
The property is located in Seattle's desirable South Lake Union tech-sector neighborhood in the North Cascade District.
Neighborhood offers an ideal work/life balance with 99 Walk Score, nearby transit and quick access to 1-5.
parcel is 3600 sf with a 4,107 sf building
Just blocks from south Lake Union waterfront and the Cheshiahud Lake Union Loop, a trail encompassing 6.4 miles of scenic vistas
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!
The front, bottom apt is unit 1 and large living space with balcony
Unit 1 Recently updated in 2020.
Unit 1 Kitchen - fridge not pictured
Unit 1 showing entrance and fridge in backround
Unit 1 showing entrance and fridge in backround
The back bottom apt is Unit 2 and is a studio, updated in 2023
Unit 2 bathroom beautifully updated
Unit 2 is a studio
Unit 2 with private patio
Unit 3 has an open great room with stairs up to bedroom and loft
The front top apt is unit 3 and is the largest apt and is vintage 1980's
Unit 3 Upstairs bedroom and separate loft on other side of stairs-note the skylights and balcony off bedroom
Back top apt is unit 4 and has one bedroom, just updated last year
Unit 4 - Updated kitchen with skylights
Unit 4 kitchen in a different angle
Unit 4 Large great room with skylights
Unit 4 additional view
Unit 4's skylit bath
Survey
Courtesy of John L. Scott, Inc.
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.