Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.
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Zillow last checked:
Listing updated:
Listed by:
Songyi Zuo,
Best Choice Realty LLC,
Jingdong Yu,
Best Choice Network LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2549382
Facts & features
Interior
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Lot
Size: 0.3 Acres
Details
Parcel number: 8823902160
Zoning: NC2(M)
Zoning description: Commercial,Multi-Family,See Remarks,Jurisdiction: City
Special conditions: Standard
Utilities & green energy
Electric: Available
Gas: Available
Sewer: Available
Water: Available
Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
Subdivision: University District
Location
Region: Seattle
Financial & listing details
Annual tax amount: $46,368
Date on market: 10/19/2024
Cumulative days on market: 652 days
Listing terms: Conventional
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/3/2026
Listed for sale
$4,950,000
Source: NWMLS as distributed by MLS GRID #2549382Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.