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$899,000
5 Beds ⋅ 4 Baths ⋅ 2579486 MLS ⋅ ACTIVE Status
A rare opportunity where residential comfort meets commercial flexibility! Just steps from Woodland Park, this updated 5-bedroom, 3.25-bath home offers nearly 2,500 sq ft of versatile space on a C1-55 commercially zoned property—creating possibilities well beyond a traditional home.The flexible floor plan features two separate living areas, two kitchens and multiple entrances, ideal for multigenerational living, rental income, live/work space, or potential business use. The main level includes a spacious primary bedroom, living and dining areas, while the finished lower level offers its own kitchen, living space, bedrooms and separate access. Upstairs you'll find two additional bedrooms and a full bath.Updates include quartz countertops in both kitchens, hardwood floors, French doors and double-pane windows, plus two dedicated off-street parking spaces. Enjoy it as a home today, explore income or live/work opportunities, or consider the long-term potential of a commercially zoned property along the Aurora corridor. Close to Green Lake, Fremont, Woodland Park and countless North Seattle amenities. A unique property with options for today and potential for tomorrow!

4812 Aurora Avenue N, Seattle

Listing courtesy of eXp Realty.

$945,000
2518454 MLS ⋅ ACTIVE Status
Rare and versatile opportunity in the highly desirable Ballard / West Woodland neighborhood. This well-located triplex at 4903 3rd Ave NW offers a unique combination of immediate rental income and future flexibility. The property currently operates as a triplex but presents a rare and relatively straightforward opportunity to convert the structure back into a spacious single-family residence if desired. The building’s layout and single-structure configuration make it well suited for a buyer looking to reimagine the property as a large custom home, while still maintaining the option to generate rental income in the meantime. For investors, the existing units provide steady income potential in one of Seattle’s strongest rental markets. For owner-occupants or builders, the property offers the chance to create a substantial single-family home in a premier neighborhood without starting from the ground up. Ideally located just minutes from Ballard, Fremont, Green Lake, and Woodland Park, with easy access to shops, restaurants, parks, and major commuter routes. Opportunities like this—combining location, income potential, and future conversion flexibility—are increasingly rare in this sought-after Seattle neighborhood. A truly flexible property with long-term upside for investors, developers, or homeowners looking to create their dream residence.

4903 3rd Avenue NW, Seattle

Listing courtesy of Synergy Mrgrs & Acq. LLC.

$925,000
2503470 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.

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