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$1,100,000
2560520 MLS ACTIVE Status
Unmatched flexibility and prime growth potential converge at this rare corner-lot opportunity in one of Seattle’s most rapidly expanding neighborhoods. Developers, don't miss out on the only available lot in this rapid growth area. Currently featuring a fully functioning, cash-flowing duplex set on a sprawling, level yard, this property allows you to buy and hold for immediate rental income while holding a prized canvas for high-density future development. Zoned **MIO-37-LR3 (M)**—combining highly permissive Lowrise 3 capacity with a 37-foot Major Institution Overlay height limit and MHA framework—the lot provides exceptional structural envelope advantages and flexible layout options. Take full advantage of Seattle’s progressive urban planning codes and streamlined middle-housing provisions to construct townhomes, rowhouses, or a modern multi-unit residential project in a high-demand, transit-rich corridor. Rent lower unit $2,600 Rent forecast upper unit $3,500 Also We did the math for you using Ai below: Target Unit Yield: On a 3,000 sq ft parcel in LR3, developers typically yield 3 townhomes (approx. 1,800–2,000 sq ft each) or 6 to 8 micro-apartments/flats, depending on core efficiency and circulation space. MIO-37 Structural Fit: The 37-foot Major Institution Overlay height limit easily accommodates a clean 3-story frame (approx. 10–11 ft floor-to-floor) with room for flat roof decks or parapets

3115 Queen Anne Avenue N, Seattle

Listing courtesy of Real Broker LLC.

$1,545,000
2536390 MLS ACTIVE Status
Rare duplex in Queen Anne offering exceptional flexibility for owner-occupants and investors. The vacant upper unit features 3 bedrooms and 2 bathrooms, including an oversized primary suite with walk-in closet and ensuite bath, a spacious kitchen, in-unit washer and dryer, and a private deck overlooking the Lake Washington Ship Canal. An interior staircase connects the upper unit to a lower-level studio with kitchenette, ¾ bath, and separate exterior entrance, creating additional rental, guest-suite, or work-from-home potential. The tenant-occupied lower unit offers 2 bedrooms, 2 bathrooms, a full kitchen, in-unit washer and dryer, and its own private patio space. Both units enjoy private outdoor living areas, providing a peaceful retreat rarely found in the city. Located just a short walk from Seattle Pacific University and minutes from Fremont and Ballard across the bridge, this unique property offers strong rental demand, multiple income opportunities, and a rare investment opportunity in one of Seattle's most desirable neighborhoods. Add three off-street parking spaces—an uncommon luxury in Queen Anne—and you have a property that balances lifestyle, flexibility, and long-term income potential.

818 W Argand Street, Seattle

Listing courtesy of Best Choice Realty LLC.

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