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Investment Highlights

  • Fully permitted & PERMITS PAID
  • Zoning: LR3(M)

Executive Summary

This development site is SHOVEL READY - Permits for a 31 unit Small Efficiency Dwelling Unit (SEDU) apartment building have been APPROVED and PAID for by the seller. The property is vacant and this project is ready for its new owner to break ground on immediately! There are striking mountain, lake, and territorial views from the second story of the existing home, so a buyer can expect views in all directions from the three upper levels of the proposed building. The property is situated in an ideal Capitol Hill location on a corner lot, steps from Miller Park, very close to Pike/Pine, mass transit, Downtown Seattle, University of Washington and everything Capitol Hill has to offer. Full plan set, permit, and supporting documents available upon request.

Property Facts

Price $2,503,128 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.10 AC
Zoning LR3

1 Lot Available

Lot

Price $2,503,128 CAD
Price Per AC $25,960,936.44 CAD
Lot Size 0.10 AC

Prime Shovel Ready Permitted Development Opportunity in Seattle’s Vibrant Capitol Hill Neighborhood.

Description

Site Area: 4,200 sqft

Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
095500-0470
Land Assessment
$1,302,408 CAD
Improvements Assessment
$135,868 CAD
Total Assessment
$1,438,275 CAD
  • Listing ID: 39493679

  • Date on Market: 2026-02-19

  • Last Updated:

  • Address: 137 23rd Ave E, Seattle, WA 98112

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