Investor Alert: Exceptional Opportunity in Prime South Seattle Location! Unlock the potential of this 3 bdrm, 1-bath home situated on a 7,200 SF lot, zoned NR2—offering flexible options for investors, developers, or savvy buyers. Take advantage of the zoning and lot size to tear down and build new. The backyard is graced with mature rhododendrons. Located just minutes from the expanding Light Rail line, this property is ideally positioned for future growth and rising demand. Enjoy quick access to Kubota Gardens, Lake Washington, shopping, dining, and transit. Whether you're looking to fix & flip, buy & hold, or pursue new build, this property offers the location, lot size, & zoning to support a strong return on investment. Don’t miss out!
Sold
Listed by: eXp Realty
Bought with: 1 Percent Lists Tacoma
$370,000
5523 S Leo Street, Seattle, WA 98178
3beds
1,480sqft
Single Family Residence
Built in 1906
7,200.47 Square Feet Lot
$547,200 Zestimate®
$250/sqft
$3,085 Estimated rent
Home value
$547,200
$487,000 - $607,000
$3,085/mo
Zestimate® history
Owner options
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$3,085/mo
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$3,085/mo
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$2,221/mo
Est. payment
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$2,221/mo
Est. payment
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Mature rhododendrons
Zillow last checked:
Listing updated:
Offers reviewed: Jun 10
Listed by:
Kenneth S. Crotts,
eXp Realty
Bought with:
Chad Nolan, 22007986
1 Percent Lists Tacoma
Source: NWMLS as distributed by MLS GRID,MLS#: 2372981
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,480
- Total interior livable area: 1,480 sqft
Property
Parking
- Parking features: Driveway
Features
- Levels: One
- Stories: 1
- Entry location: Main
Lot
- Size: 7,200 sqft
- Features: Paved, Cable TV, Fenced-Partially
- Topography: Level
Details
- Parcel number: 3352400725
- Zoning: NR2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Fixer
- Year built: 1906
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: Seattle Public Utilities
- Water: Public, Company: Seattle Public Utilities
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Upper Rainier Beach
Other
Other facts
- Listing terms: Conventional,Rehab Loan
- Cumulative days on market: 222 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2025 | Sold | $370,000-7.5%$250/sqft |
Source:  NWMLS as distributed by MLS GRID #2372981 Report a problem | ||
| 6/9/2025 | Pending sale | $400,000$270/sqft |
Source: NWMLS as distributed by MLS GRID #2372981 Report a problem | ||
| 6/5/2025 | Listed for sale | $400,000$270/sqft |
Source: NWMLS as distributed by MLS GRID #2372981 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,862 +384% | $390,000 +432.8% |
| 2024 | $1,004 +2.5% | $73,200 |
| 2023 | $980 +6.1% | $73,200 |
| 2022 | $924 +4.4% | $73,200 |
| 2021 | $885 +4.4% | $73,200 |
| 2020 | $848 +6.8% | $73,200 |
| 2019 | $794 +7% | $73,200 |
| 2018 | $742 +5.9% | $73,200 -71.6% |
| 2017 | $701 +28.6% | $258,000 +16.2% |
| 2016 | $545 | $222,000 +12.7% |
| 2015 | $545 | $197,000 +16.6% |
| 2014 | $545 | $169,000 +20.7% |
| 2013 | $545 | $140,000 -7.3% |
| 2012 | -- | $151,000 +106.3% |
| 2011 | -- | $73,200 |
| 2010 | -- | $73,200 |
| 2009 | -- | $73,200 |
| 2007 | -- | $73,200 |
| 2006 | -- | $73,200 |
| 2005 | -- | $73,200 |
| 2001 | $297 -18.3% | $73,200 |
| 2000 | $364 | $73,200 |
Find assessor info on the county website
Neighborhood: Rainier View
Nearby schools
GreatSchools rating
- 5/10Rainier ViewGrades: PK-5Distance: 0.2 mi
- 7/10Aki Kurose Middle SchoolGrades: 6-8Distance: 3.2 mi
- 2/10Rainier Beach High SchoolGrades: 9-12Distance: 1.5 mi
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
$547,200
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
$547,200
- Washington
- King County
- Seattle
- 98178
- Rainier View
- 5523 S Leo Street
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