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  • Listed by: Windermere Real Estate/East • Tammy Yao
    Bought with: Windermere R E Mount Baker
    $475,000

    5360 S Wallace #A & B, Seattle, WA 98178

    3beds
    2,920sqft
    Single Family Residence
    Built in 1911
    10,480 Square Feet Lot
    $466,200 Zestimate®
    $163/sqft
    $3,043 Estimated rent

    Home value

    $466,200

    $429,000 - $503,000

    $3,043/mo

    Zestimate® history
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    $3,043/mo

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    $2,880/mo

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    What's special

    Mature landscapingCraftsman-style fixerLarge lots
    INVESTOR AND DEVELOPER ALERT! Unlock the massive potential of this rare South Seattle find in the historic Hillman’s Meadow Gardens. This unique offering includes 2 structures on a condominimiumized lot: A Craftsman-style fixer as the primary residence that is 2,150 gross sqft, and a 770 sqft fully detached structure. Together they are sited on a lot that already has 2 separate legal descriptions. With a survey sketch available and the condominiumization complete, the possibilities are endless! This condominiumized property offers a compelling value-add opportunity with multiple high-yield exit strategies. Flip both units and sell separately for maximum resale value, rehab both and sell one off to hold the other as a rental with limited carrying costs, or renovate and sell the entire package to deliver a turnkey lifestyle investment. However you structure it, each scenario presents strong margin potential and flexible capital deployment, making this an attractive play for both short-term gains and long-term yield. Located in a charming, established neighborhood known for its large lots and mature landscaping, you are just minutes from MLK Jr. Way S, Skyway, shopping, and major transit hubs. Bring your builder and your vision to this centrally located gem and secure a rare footprint in a high-demand South Seattle pocket. Private Money Lender for Investment buyers only, pre-approved for 10-20% down OAC.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tammy Yao,

    Windermere Real Estate/East,

    James Melgard,

    Windermere Real Estate/East

    Bought with:

    Jeff Wolfe, 71428

    Windermere R E Mount Baker

    Source: NWMLS as distributed by MLS GRID,MLS#: 2480758MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Main
    Bedroom
    • Level: Second
    Bedroom
    • Level: Second
    Bathroom full
    • Level: Main
    Dining room
    • Level: Main
    Entry hall
    • Level: Main
    Kitchen with eating space
    • Level: Main
    Living room
    • Level: Main
    Utility room
    • Level: Main
    Heating
    • Forced Air, Electric, Oil
    Cooling
    • None
    Features
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 2,150
    • Total interior livable area: 2,920 sqft

    Property

    Parking
    • Parking features: Driveway, Off Street, RV Parking
    Features
    • Levels: One and One Half
    • Stories: 1
    • Entry location: Main
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 10,480 Square Feet
    • Features: Dead End Street, Paved, Value In Land, Fenced-Partially, RV Parking
    • Topography: Level
    • Residential vegetation: Brush, Garden Space
    Details
    • Parcel number: 3348401430
    • Zoning: NR1
    • Zoning description: Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 1 1/2 Stry w/Bsmt
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding, Wood Products
    • Foundation: Poured Concrete, Slab
    • Roof: Composition
    Condition
    • Fixer
    • Year built: 1911

    Utilities & green energy

    • Sewer: Available, Sewer Connected
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Rainier Valley
    Location
    • Region: Seattle

    Financial & listing details

    • Price per square foot: $163/sqft
    • Annual tax amount: $6,264
    • Date on market: 4/1/2026
    • Cumulative days on market: 10 days
    • Listing terms: Rehab Loan

    Price history

    DateEventPrice
    3/11/2026Sold$475,000-5%$163/sqft
    Source: NWMLS as distributed by MLS GRID #2480758 Report a problem
    2/25/2026Pending sale$499,888$171/sqft
    Source: NWMLS as distributed by MLS GRID #2480758 Report a problem
    2/16/2026Listed for sale$499,888$171/sqft
    Source: NWMLS as distributed by MLS GRID #2480758 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Rainier View

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Rainier View
    • 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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    Estimated market value
    $466,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $466,200