Lake Union Homes with Fair Building Condition

Lake Union Homes with Fair Building Condition

Welcome to Lake Union, a vibrant and picturesque neighborhood nestled in the heart of Seattle, Washington. Known for its stunning waterfront views and a lively atmosphere, Lake Union is a captivating blend of urban charm and natural beauty. This thriving community is bordered by the shimmering waters of Lake Union, offering residents unparalleled access to outdoor activities such as kayaking, paddleboarding, and scenic strolls along the waterfront.

The homes in Lake Union are as diverse as the community itself, with a variety of architectural styles that reflect the area’s rich history and modern development. Whether you’re searching for a contemporary condo with breathtaking lake views or a charming bungalow that exudes character, you’ll find an array of options that cater to different tastes and lifestyles. Notably, many of these homes are in fair building condition, allowing you the opportunity to personalize and enhance your living space as you see fit.

The neighborhood is not only defined by its beautiful residences but also by its vibrant local culture. Enjoy a leisurely afternoon at one of the many cafes or restaurants lining the waterfront, or immerse yourself in the arts scene with local galleries and theaters just a stone's throw away. Convenient access to public transportation and major highways makes commuting a breeze, ensuring that you can easily explore all that Seattle has to offer.

In Lake Union, you’re not just buying a home; you’re investing in a lifestyle that celebrates the best of city living amidst nature’s splendor. Come and discover your perfect abode in this enchanting Seattle neighborhood!

Newest Lake Union Homes with Fair Building Condition

$715,000
3 Beds ⋅ 1 Baths ⋅ 2548062 MLS ⋅ ACTIVE Status
Classic Wallingford charmer with thoughtful updates. Welcoming living room is anchored by a wood-burning fireplace and built-in shelving flows seamlessly into the dining area, creating a comfortable space for everyday living and entertaining. Kitchen offers abundant cabinetry, all-new appliances, plus an adjacent laundry area, with direct access to the backyard and oversized driveway a rare find in Seattle with exceptional parking. All three bedrooms are privately tucked upstairs, two feature coved ceilings. Recent updates include: new roof, gutters, fresh interior and exterior paint, new flooring, and new appliances. Partially fenced front yard creates an additional outdoor gathering space to enjoy. Ideally located near Green Lake, the University of Washington, neighborhood shops, dining, and major commuter routes, this home presents an excellent opportunity for homeowners and investors alike.

332 NE 50th Street, Seattle

Listing courtesy of Windermere Real Estate GH LLC.

$249,000
2531663 MLS ⋅ ACTIVE Status
Fully equipped restaurant located in Seattle featuring a Type 1 hood and a functional, well-designed kitchen setup. The property includes a patio and a rare two-story standalone building in a highly desirable and established location. The restaurant benefits from strong street visibility and high traffic exposure, making it an excellent opportunity for continued operation or new concept development. The business has been well established and operating successfully for many years, reflecting its strong presence in the local market.

264 NE 45th, Seattle

Listing courtesy of Realty ONE Group Orca Gold.

$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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