Ravenna Homes with Average Building Condition

Ravenna Homes with Average Building Condition

Welcome to the charming neighborhood of Ravenna in Seattle, Washington. Known for its tree-lined streets, historic architecture, and strong sense of community, Ravenna offers a peaceful retreat from the bustling city life while still being conveniently located near urban amenities.

Ravenna is a highly sought-after neighborhood in Seattle, located in King County, Washington. Its proximity to the University of Washington and excellent schools make it a popular choice for families and young professionals alike. The neighborhood is known for its well-maintained homes with an average building condition, making it an ideal place for those looking for a move-in ready property with character and charm.

In Ravenna, you'll find a mix of architectural styles, including Craftsman, Tudor, and bungalow homes, adding to the neighborhood's unique character. With tree-lined streets, parks, and local shops and restaurants within walking distance, Ravenna offers a true sense of community and a high quality of life for its residents.

Whether you're strolling through Ravenna Park, grabbing a coffee at a local cafe, or exploring the nearby University Village shopping center, there's always something to see and do in this vibrant neighborhood. Come discover the beauty and convenience of Ravenna living – where historic charm meets modern comfort.

Newest Ravenna Homes with Average Building Condition

$840,000
3 Beds ⋅ 2 Baths ⋅ 2514400 MLS ⋅ ACTIVE Status
ATTN Developers, Builders, & Investors! An exceptional, high-density development opp a/w in Lake City urban corridor. Offer for the first time, 7818 & 7822 Lake City Way combined, near-level ~9,000 SF footprint primed for a mid-rise, mixed-use project. Featuring robust C1-55 zoning w/ an allowable 3.75 FAR, provides a clear, predictable pathway to construct. a 6-story bldg. Prelim Feasibility highlights an ideal yield of up to 42 RES units (suited for studios/1-bdrm) ground-floor commercial use. Take advantage of Seattle’s 4-foot gnd-fl height bonus to max. ceiling & views, utilizing UG parking entry. Strong local rental demand, prime eligibility for Seattle's 12 year Multi-family Tax Exemption (MFTE) program to max. your post-stabilization yields. while you clear your master use permits (MUP). Buyer to verify all feasibility and zoning constraints to their satisfaction. Total Lot Size: Approx. 9,000 SF (Combined dual-parcel assemblage) Zoning: C1-55 (Commercial 1, 55’ base height limit) Development Capacity: Up to 33,750 gross buildable SF under a 3.75 FAR Pro-Forma Optimization: High-velocity rental sub-market with excellent financial metrics leveraging Seattle's 12-year MFTE property tax exemption.6-story building featuring ground-floor commercial retail and 5 levels of multifamily housing (up to 42 units). Covered Land Play: Existing residential structures offer immediate holding rental cash flow during the architectural and permitting phases.

7818 NE Lake City Way NE, Seattle

Listing courtesy of Kelly Right RE of Seattle LLC.

$850,000
3 Beds ⋅ 2 Baths ⋅ 2508699 MLS ⋅ ACTIVE Status
ATTN Developers, Builders, & Investors! An exceptional, high-density development opp a/w in Lake City urban corridor. Offer for the first time, 7818 & 7822 Lake City Way combined, near-level ~9,000 SF footprint primed for a mid-rise, mixed-use project. Featuring robust C1-55 zoning w/ an allowable 3.75 FAR, provides a clear, predictable pathway to construct. a 6-story bldg. Prelim Feasibility highlights an ideal yield of up to 42 RES units (suited for studios/1-bdrm) ground-floor commercial use. Take advantage of Seattle’s 4-foot gnd-fl height bonus to max. ceiling & views, utilizing UG parking entry. Strong local rental demand, prime eligibility for Seattle's 12 year Multi-family Tax Exemption (MFTE) program to max. your post-stabilization yields. while you clear your master use permits (MUP). Buyer to verify all feasibility and zoning constraints to their satisfaction. Total Lot Size: Approx. 9,000 SF (Combined dual-parcel assemblage) Zoning: C1-55 (Commercial 1, 55’ base height limit) Development Capacity: Up to 33,750 gross buildable SF under a 3.75 FAR Pro-Forma Optimization: High-velocity rental sub-market with excellent financial metrics leveraging Seattle's 12-year MFTE property tax exemption.6-story building featuring ground-floor commercial retail and 5 levels of multifamily housing (up to 42 units). Covered Land Play: Existing residential structures offer immediate holding rental cash flow during the architectural and permitting phases.

7822 NE Lake City Way NE, Seattle

Listing courtesy of Kelly Right RE of Seattle LLC.

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