3740 S 142nd Street, Tukwila, WA 98168
- $490,000
- 2
- BD
- 1
- BA
- 1,020
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: Real Broker LLC.
- Sold Price
- $490,000
- List Price
- $549,950
- Status
- SOLD
- MLS#
- 2512253
- Closing Date
- Jun 18, 2026
- Days on Market
- 17
- Bedrooms
- 2
- Finished SqFt
- 1,020
- Area Total SqFt
- 1020
- Annual Tax Ammount
- 458
- Lot Size (sq ft)
- 9,546
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-04-29
Property Description
This property represents a premier land bank opportunity, combining immediate rental income with massive future development upside. Existing 3-bedroom home is clean, livable, and rentable, making an ideal asset to hold while you finalize long-term plans. With new roof and mini-split heating/cooling system, home is low-maintenance and ready to be occupied or rented immediately. For investor, current house provides steady cash flow to offset holding costs. Estimated rent $2,500 per month. Solid condition and updated systems ensure high tenant demand and minimal near-term capital expenditures. The true value is the supercharged Neighborhood Commercial Center (NCC) zoning. Under Tukwila's recent 2025 code updates, the development potential has been significantly expanded to favor high-density, transit-oriented projects. New standards allow for 60-foot height limits, zero-foot setbacks, and reduced parking requirements, giving developers the flexibility to maximize the entire footprint of the lot for a vibrant mixed-use or multifamily project. Buyer to verify. Ideally located in a pedestrian-focused corridor, this site is perfectly positioned to benefit from Tukwila’s rapid growth. Whether you are looking for a stable rental to add to your portfolio or a high-capacity development site near transit, this property offers a rare "best of both worlds" scenario. Secure a functional income-generator today and capitalize on its extraordinary vertical potential tomorrow.
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Additional Information
- Community
- Tukwila
- Style
- 10 - 1 Story
- Year Built
- 1941
- Roof
- Composition
- Tax Year
- 2025
- School District
- Highline
- Potential Terms
- Cash, Conventional
- Flooring
- Carpet
- Driving Directions
- Highway 99, West on 142nd 2 lots. House on south side of street.
- Appliance
- Dryer, Refrigerator, Stove(s)/Range(s), Washer
- Appliances Included
- Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Energy Source
- Electric
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