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$275,000
2542617 MLS ⋅ ACTIVE Status
Exceptional Development Opportunity in Seattle's Growing Rainier Beach Neighborhood! Rare chance for developers, builders, and investors to acquire an LR2-zoned parcel in one of Seattle's rapidly evolving communities. Priced below assessed value, this property offers outstanding upside potential for a variety of residential development options. Builders will appreciate the flexibility of LR2 zoning, making this an excellent site for townhomes, row houses, cottage housing, or apartment-style development (buyer to verify). The location combines strong neighborhood amenities with excellent transit access, creating an attractive setting for future residents. Ideally situated just a short walk from the Rainier Beach Light Rail Station, providing convenient access to Downtown Seattle, Sea-Tac Airport, and major employment centers. Enjoy close proximity to Lake Washington, located less than half a mile away, along with nearby parks, beaches, trails, and recreational opportunities. The Rainier Beach Community Center is just down the block and features fitness facilities, swimming, classes, and community programs. Whether you're looking to build for-sale housing, townhomes, or multifamily units, this is a compelling opportunity to secure a well-located development site in a neighborhood poised for continued growth and investment. Buyer to verify all development potential, zoning regulations, and capacity to their satisfaction.

9100 46th Avenue S, Seattle

Listing courtesy of Windermere R.E. Shoreline.

$1,200,000
2518668 MLS ⋅ ACTIVE Status
48,925 SF - 6 tax parcels - of NR2 Zoned land located near Kubota Gardens. Neighborhood Residential (NR2) zoning allows for a developer to build four standalone dwelling units on each of the six tax parcels for a total of 24 detached residences on ±1.12 acres. This is one of the few large contiguous development sites left in the City of Seattle, situated on a quiet low-traffic street adjacent to the Chief Sealth Trail and Lakeridge Park, with close proximity to the Rainier Beach Link Light Rail Station, Lake Washington, shops, and grocery stores. See supplements for offering memorandum that better describes the development potential.

4755 Bond Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$299,000
2409085 MLS ⋅ ACTIVE Status
Rare Opportunity in Seattle’s Hottest Neighborhood – Perfect for Investors, Builders & Homeowners! This LR2 (M)-zoned property in a rapidly appreciating area offers unmatched potential: Investors: High-demand location with rental/development upside near light rail, Kubota Garden, & Lake Washington. Builders: Excellent site for townhomes, row houses, or apartments in a supply-constrained market. Homeowners: Build your dream residence in a convenient location close to trails, shopping & transit. With I-5 access and walkable amenities, this is one of the few great parcels in Seattle’s most dynamic corridor. Hurry and discover this great opportunity before it’s gone.

Renton Avenue S, Seattle

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$150,000
2386284 MLS ⋅ ACTIVE Status
Great opportunity to build your dream home. Wonderful location with view of lake Washington. Close to all local amenities: Lakeridge playfield, Pickleball park and trails. All Utilities are available.

Arrowsmith Avenue S, Seattle

Listing courtesy of John L. Scott Orting.

$965,000
2330431 MLS ⋅ ACTIVE Status
Rare Development Opportunity in Rainier Beach! First time on the market in 26 years, this 6-lot assembly spans over half an acre and is one of the last multi-lot development sites in this rapidly growing community. Zoned LR2 (M), allowing for a variety of multifamily housing types, including townhomes, row houses, and apartments. Infrastructure is already in place with water meter boxes set and three sewer stubs ready for easy city connection. The property is conveniently located just blocks from Lake Washington, light rail, shopping, and Kubota Garden, with quick access to I-5. New fencing included. Don’t miss this prime investment opportunity in one of Seattle’s most promising neighborhoods!

S Director & 48th Avenue S, Seattle

Listing courtesy of AgencyOne.

$795,000
1745503 MLS ⋅ ACTIVE Status
Great Investment Opportunity with NC2-55 zoning! Walking distance from Rainer Beach High School and only a few blocks from Light Link Rail. Close to Colombia City and Downtown Seattle. This property includes four parcels. 8422, 8424, 8428 Rainier Ave S & 5142 S Cloverdale Seattle. Studies available.

8422 Rainier Avenue S, Seattle

Listing courtesy of John L. Scott, Inc..

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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