Prime sweat-equity and value-add opportunity in Seattle's Central District. Situated on a rare, completely level ~3,000 sq ft lot, this classic two-story home features 2 bedrooms, 1 bathroom, and a full unfinished basement offering massive utility for expansion, workshop space, or extensive storage. A completely flat parcel means straightforward staging, simpler logistics, and usable yard space—a rare find in close-in Seattle. Underlying Lowrise 2 M (LR2 M) zoning provides outstanding long-term land value and future options. Unbeatable urban convenience just minutes from First Hill medical centers, Seattle University, Capitol Hill dining, the Jackson Street corridor, and rapid transit into Downtown. Property is sold strictly AS-IS with no repairs or concessions from seller. Ideal candidate for cash buyers, hard money, or rehabilitation financing. Buyer to verify all building feasibility, zoning, and square footage to own satisfaction.
Active
Listed by: CnR Realty • Lani Girvan • 253-310-1480
$599,999
2208 E Terrace Street, Seattle, WA 98122
2beds
1,100sqft
Single Family Residence
Built in 1900
3,118 Square Feet Lot
$585,400 Zestimate®
$545/sqft
$-- HOA
What's special
Classic two-story home
- --
- on Zillow
- 798
- views
- 49
- saves
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Lani Girvan 253-310-1480 Lani.Girvan@Gmail.com,
CnR Realty,
Rodney Kelley 206-954-7699,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2591786
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Second
Heating
- Forced Air, Electric, Oil
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,100
- Total interior livable area: 1,100 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Main
Lot
- Size: 3,118 Square Feet
- Features: Paved, Sidewalk
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 7544800150
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Stories w/Bsmnt
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Block
- Roof: Composition
Condition
- Fixer
- Year built: 1900
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Central Area
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $545/sqft
- Tax assessed value: $661,000
- Annual tax amount: $7,354
- Date on market: 10/9/2026
- Listing terms: Conventional,Rehab Loan
Estimated market value
$585,400
$556,000 - $615,000
$2,861/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Listed for sale | $599,999$545/sqft |
Source:  NWMLS as distributed by MLS GRID #2591786 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,040 +9.4% | $661,000 +1.8% |
| 2024 | $6,433 +0.2% | $649,000 |
| 2023 | $6,419 +26.9% | $649,000 +15.9% |
| 2022 | $5,059 +1.6% | $560,000 +10% |
| 2021 | $4,978 +4.9% | $509,000 +10.7% |
| 2020 | $4,746 +16.7% | $460,000 +16.8% |
| 2019 | $4,068 +14.2% | $394,000 +3.1% |
| 2018 | $3,563 +227.9% | $382,000 +19.7% |
| 2017 | $1,087 -12.7% | $319,000 +22.2% |
| 2016 | $1,246 | $261,000 +7.9% |
| 2015 | $1,246 | $242,000 +12.6% |
| 2014 | $1,246 | $215,000 -13.3% |
| 2013 | $1,246 | $248,000 +13.2% |
| 2012 | -- | $219,000 |
| 2011 | -- | $219,000 -4.8% |
| 2010 | -- | $230,000 |
| 2009 | -- | $230,000 -21.5% |
| 2007 | -- | $293,000 +7.7% |
| 2006 | -- | $272,000 +9.2% |
| 2005 | -- | $249,000 +51.8% |
| 2001 | $1,982 +16.8% | $164,000 +23.3% |
| 2000 | $1,697 | $133,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Minor
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