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1306 S Bayview St
Seattle, WA 98144
North Beacon Hill Covered Land PLay · Land For Sale · 0.18 AC

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INVESTMENT HIGHLIGHTS

  • Development ready LR3 urban village site on 7,610 SF of land.
  • High demand North Beacon Hill location; walking distance to retail, dining and public transit
  • Dual upside; the property combines dependable duplex income with significant long-term upside through redevelopment potential.
  • Income producing duplex with approx. $63,000 in annual gross income.
  • Strategic urban infill site; the asset benefits from strong demand drivers, including proximity to downtown Seattle & Bellevue.

EXECUTIVE SUMMARY

North Beacon Hill development site, zoned LR3 urban village and situated on a 7,610 SF lot. This covered land play presents a unique income-producing development opportunity with the existing duplex that currently generates $65,000 in annual income, providing immediate cash flow for investors during the pre-development or entitlement process. The site supports higher density residential or mixed-use development. The zoning flexibility allows for long-term appreciation through redevelopment while retaining near-term income from the existing duplex. This dual profile makes the offering attractive to both investors seeking cash flowing assets and developers targeting urban infill opportunities.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Single Family Development
  • Single Family Residence
Total Lot Size 0.18 AC
No. Stories 1
Zoning LR3(M) - Supports moderate-density multifamily housing, such as townhouses, rowhouses, and small apartment buildings.

1 LOT AVAILABLE

Lot

Price $1,770,874 CAD
Price Per AC $10,119,278.19 CAD
Lot Size 0.18 AC

East 120', North 96', West 35', South 46', West 85", South 50'

DESCRIPTION

Covered Land Play with existing duplex situated on 7,610 SF of LR3 urban village zoned land, ideal for moderate density residtnial deveopment.

  • Listing ID: 37884591

  • Date on Market: 2025-09-30

  • Last Updated:

  • Address: 1306 S Bayview St, Seattle, WA 98144

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