5360 S Wallace Unit #A & B, Seattle, WA 98178
- $475,000
- 3
- BD
- 1
- BA
- 1,300
- SqFt
Listing courtesy of Windermere Real Estate/East. Selling Office: Windermere R E Mount Baker.
- Sold Price
- $475,000
- List Price
- $499,888
- Status
- SOLD
- MLS#
- 2480758
- Closing Date
- Mar 11, 2026
- Days on Market
- 9
- Bedrooms
- 3
- Finished SqFt
- 1,300
- Area Total SqFt
- 2150
- Annual Tax Ammount
- 6264
- Lot Size (sq ft)
- 10,480
- Sewer
- Available, Sewer Connected
- Bank Owned
- Yes
Property Description
INVESTOR AND DEVELOPER ALERT! Unlock the massive potential of this rare South Seattle find in the historic Hillman’s Meadow Gardens. This unique offering includes 2 structures on a condominimiumized lot: A Craftsman-style fixer as the primary residence that is 2,150 gross sqft, and a 770 sqft fully detached structure. Together they are sited on a lot that already has 2 separate legal descriptions. With a survey sketch available and the condominiumization complete, the possibilities are endless! This condominiumized property offers a compelling value-add opportunity with multiple high-yield exit strategies. Flip both units and sell separately for maximum resale value, rehab both and sell one off to hold the other as a rental with limited carrying costs, or renovate and sell the entire package to deliver a turnkey lifestyle investment. However you structure it, each scenario presents strong margin potential and flexible capital deployment, making this an attractive play for both short-term gains and long-term yield. Located in a charming, established neighborhood known for its large lots and mature landscaping, you are just minutes from MLK Jr. Way S, Skyway, shopping, and major transit hubs. Bring your builder and your vision to this centrally located gem and secure a rare footprint in a high-demand South Seattle pocket. Private Money Lender for Investment buyers only, pre-approved for 10-20% down OAC.
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Additional Information
- Community
- Rainier Valley
- Style
- 17 - 1 1/2 Stry w/Bsmt
- Basement
- Unfinished
- Year Built
- 1911
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, RV Parking
- Tax Year
- 2025
- School District
- Seattle
- Elementary School
- Rainier View
- Middle School
- Aki Kurose
- High School
- Rainier Beach High
- Potential Terms
- Cash, Rehab Loan
- Driving Directions
- From I5 southbound take exit 158. Turn Left on S Boeing Access Rd. Turn right on 51st Ave S. Turn right on S Wallace St. Hoe is on the right. GPS works well.
- Energy Source
- Electric, Oil
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