Rare Development Opportunity in Rainier Beach! First time on the market in 26 years, this 6-lot assembly spans over half an acre and is one of the last multi-lot development sites in this rapidly growing community. Zoned LR2 (M), allowing for a variety of multifamily housing types, including townhomes, row houses, and apartments. Infrastructure is already in place with water meter boxes set and three sewer stubs ready for easy city connection. The property is conveniently located just blocks from Lake Washington, light rail, shopping, and Kubota Garden, with quick access to I-5. New fencing included. Don’t miss this prime investment opportunity in one of Seattle’s most promising neighborhoods!
Pending feasibility
Listed by: AgencyOne • Charla Oliver
$965,000
0 S Director & 48th Avenue S, Seattle, WA 98118
--beds
--baths
0.55Acres
Unimproved Land
Built in ----
0.55 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 564 days |
- 1 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Charla Oliver,
AgencyOne,
Tommy Quach,
Windermere R.E. Shoreline
Source: NWMLS as distributed by MLS GRID,MLS#: 2330431
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.55 Acres
- Features: Corner Lot, Paved, Brush
- Topography: Level
Details
- Parcel number: 2123700444
- Zoning: LR2
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: Available
- Gas: In Street
- Sewer: Available, On Property
- Water: In Street, On Property, Jurisdiction: City
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Rainier Beach
Location
- Region: Seattle
Financial & listing details
- Annual tax amount: $10,511
- Date on market: 2/7/2025
- Cumulative days on market: 565 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2026 | Pending sale | $965,000 |
Source:  NWMLS as distributed by MLS GRID #2330431 Report a problem | ||
| 5/11/2026 | Price change | $965,000-12.3% |
Source: NWMLS as distributed by MLS GRID #2330431 Report a problem | ||
| 3/14/2025 | Price change | $1,100,000-21.3% |
Source: NWMLS as distributed by MLS GRID #2330431 Report a problem | ||
| 2/7/2025 | Listed for sale | $1,398,000 |
Source: NWMLS as distributed by MLS GRID #2330431 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Dunlap
Nearby schools
GreatSchools rating
- 5/10Dunlap Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 7/10Aki Kurose Middle SchoolGrades: 6-8Distance: 1.7 mi
- 2/10Rainier Beach High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Middle: Aki Kurose
- High: Rainier Beach High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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