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Listed by:Real Broker LLC • Chris Schniegenberg
$ 1,100,000
Est. payment /mo
New
3115 Queen Anne AVE N Seattle, WA 98109
3 Beds
2 Baths
1,720 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,720 sqft
Price per Sqft $639
Subdivision Queen Anne
MLS Listing ID 2560520
Style 52 - Duplex
Bedrooms 3
Year Built 1905
Lot Size 3,000 Sqft
Property Sub-Type Multi Family
Property Description
Unmatched flexibility and prime growth potential converge at this rare corner-lot opportunity in one of Seattle's most rapidly expanding neighborhoods. Developers, don't miss out on the only available lot in this rapid growth area. Currently featuring a fully functioning, cash-flowing duplex set on a sprawling, level yard, this property allows you to buy and hold for immediate rental income while holding a prized canvas for high-density future development. Zoned **MIO-37-LR3 (M)**—combining highly permissive Lowrise 3 capacity with a 37-foot Major Institution Overlay height limit and MHA framework—the lot provides exceptional structural envelope advantages and flexible layout options. Take full advantage of Seattle's progressive urban planning codes and streamlined middle-housing provisions to construct townhomes, rowhouses, or a modern multi-unit residential project in a high-demand, transit-rich corridor. Rent lower unit $2,600 Rent forecast upper unit $3,500 Also We did the math for you using Ai below: Target Unit Yield: On a 3,000 sq ft parcel in LR3, developers typically yield 3 townhomes (approx. 1,800–2,000 sq ft each) or 6 to 8 micro-apartments/flats, depending on core efficiency and circulation space. MIO-37 Structural Fit: The 37-foot Major Institution Overlay height limit easily accommodates a clean 3-story frame (approx. 10–11 ft floor-to-floor) with room for flat roof decks or parapets
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Ceramic Tile, Laminate, Vinyl
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Fenced-Fully, High Speed Internet
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
"Three Trees" icon indicates a listing provided courtesy of NWMLS.