Ballard/Greenlake Homes with 42 - Multi-Family Style

Welcome to the vibrant neighborhoods of Ballard and Greenlake, two of Seattle's most sought-after locales, where the charm of community living meets the beauty of nature. Nestled in King County, these areas are perfect for those seeking a unique blend of urban convenience and outdoor adventure.

Ballard, with its rich maritime history, boasts an eclectic mix of boutiques, breweries, and eateries that reflect the area's diverse culture. Stroll along Ballard Avenue and discover local artisans, or enjoy a sunny afternoon at the Ballard Locks, watching boats navigate the waterways. The nearby Golden Gardens Park offers stunning views of Puget Sound and the Olympic Mountains, making it a perfect spot for picnics and sunset watching.

Just a stone's throw away is Greenlake, renowned for its picturesque lake and lush parkland. The 2.8-mile path encircling the lake is a haven for joggers, cyclists, and dog walkers alike. Greenlake Park is not just a recreational space; it’s a community hub where families gather for weekend activities and events throughout the year.

For those considering a move to this vibrant region, multi-family homes are an excellent option. With a variety of styles and sizes, these residences provide an ideal living arrangement for families, investors, or those looking to share their space with friends. Enjoy the benefits of community living while still having your own private retreat. Whether you’re drawn to the historic charm of Ballard or the serene beauty of Greenlake, you’ll find that these neighborhoods offer a lifestyle that’s hard to resist. Explore your options today and embrace the best of Seattle living!

Newest Ballard/Greenlake Homes with 42 - Multi-Family Style

$975,000

2550852 MLS ⋅ ACTIVE Status

A good location in a popular Ballard neighborhood, this is a flat corner lot with many possibilities to build. NC255' (Neighborhood Commercial) zoning, 50 X 100 lot allows for mixed use, multi family or commercial. On the corner of 11th Ave NW and NW Market Street with good frontage, visibility and easy access. In an area of growth with newer developments happening nearby. This was planned and partially permitted for a four story 45 unit building, but plans changed. A good opportunity for development to build, lease and keep/resell, or owner user to build and operate a business. A good value for the area.

1103 NW Market Street, Seattle

Listing courtesy of Windermere Real Estate Co..

$1,075,000

2507351 MLS ⋅ ACTIVE Status

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.

807 N 49th Street, Seattle

Listing courtesy of Blake Investment Advisors.

$1,000,000

2487311 MLS ⋅ ACTIVE Status

Vacant Land zoned neighborhood commercial. Master Use Permit Approved for 4-story mixed-use building. 12-apartments plus retail on ground floor, total of 7,137 SF of rentable area. Permit No. 6598837-CN

1624 N 45th Street, Seattle

Listing courtesy of Westland Realty.

$1,300,000

2485451 MLS ⋅ ACTIVE Status

Reduced Price! DEVELOPMENT POTENTIAL in Freemont ~ Zoned LM1 (M) Residential Lot Size 5,000 sf, Allowed Units 4–6 units depending on design. Possible FAR Up to 1.2 FAR (~6,000 sf), Potential Unit Types include flats, stacked flats, townhouses, row houses & ADUs. 4 principal units + 1–2 ADUs (detached or attached). Max Height 32', depending on configuration. ADUs can be up to ~1,000 sf each (subject to design compliance). Under updated 2025 "Middle Housing" rules, residential lots in Seattle now support a baseline of 4 units, more if next to transit and affordable housing is added to the mix. Buyer to verify all information to their own satisfaction. We are entertaining ALL OFFERS!

4309 Evanston Avenue N, Seattle

Listing courtesy of Windermere Real Estate/HLC.

$645,000

2451540 MLS ⋅ ACTIVE Status

*Price Reduced-This is a permit-ready development lot in Seattle's desirable Northgate neighborhood. The lot is 4,980SF and pre-approved for a 14-unit apartment building (6,474BSF) under LR1(M) zoning. Permitted plans are included with the list price. Multiple unit configurations, bike parking, and sustainable designs conform to different tenant needs. Located near I-5, the Light Rail, Green Lake, and UW, it aligns well with the One Seattle Plan. Demolition and Construction permits are ready for issuance; Master Use Permit issued upon completion. Existing home (720SF, 1bd/1ba, 600sf basement, det. garage) is operated as a short-term rental with strong occupancy and income. Complete this modern and vibrant addition to Northgate or expand the lot your way! New Roof installed in October 2025.

10019 Interlake Avenue N, Seattle

Listing courtesy of KW Greater Seattle.

$18,897,900

2330951 MLS ⋅ ACTIVE Status

NEW URBAN CENTER, PROPOSED ZONING MR-2 (85 ft Height), 7-8 STORIES, 130TH LR STATION OPENING 2026. What if you could go back in time & have an opportunity to develop a neighborhood by Central Park, NYC. This assemblage of parcels is an ideal & timely development opportunity to begin transforming this Seattle neighborhood near the 130th Street Light Rail Station. These parcels are located w/in the new Pinehurst-Haller Lake Urban Center & are being rezoned to Midrise 2 which allows residential structures up to eight stories. Across the street is Northacres Park. Conveniently located minutes away from UW Medical Center, Ingraham High School & new retail & restaurants to be developed. Parcels include functional homes.

NE 130th St Light Rail Assemblage, Seattle

Listing courtesy of KW Everett.

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