Log In/Sign Up
Your email has been sent.
2235-2241 15th Ave W - Development Site 0.21 Acres of Residential Land Offered at $2,071,800 CAD in Seattle, WA 98119
Investment Highlights
- 58-Unit, 6-Story Apartment Project – Fully Designed
- Affordable Housing Bonus Utilized to achieve 6th floor
- High-Efficiency Unit Mix suited for workforce and low-income households
- Master Use Permit in Process (Interbay Lofts Apartments)
- No Parking Required (Frequent Transit Service Area)
- Ideal for 4% or 9% LIHTC Execution (buyer to verify program fit)
Executive Summary
Cushman & Wakefield is pleased to present 2235-2241 15th Ave W, a rare, development site in Seattle’s Interbay neighborhood with a master use permit in process for a 6-story, 58-unit affordable apartment building. The project is ideally positioned for non-profit and mission based housing developers seeking scale in a high-opportunity, transit-served location with no parking requirement and strong alignment with LIHTC, MHA-R performance, and public funding sources. The site is zoned C1-55 (M) and benefits from bonus residential floor area for affordable housing, allowing for a sixth floor and maximizing unit yield. The approved design emphasizes efficient unit layouts, strong net-to-gross ratios, and bicycle-oriented urban living, making it well-suited for long-term affordability and operational efficiency.
Property Facts
| Price | $2,071,800 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | ||
| Zoning | C1-40 | ||
| Price | $2,071,800 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.21 AC |
| Zoning | C1-40 |
1 Lot Available
Lot
| Price | $2,071,800 CAD | Lot Size | 0.21 AC |
| Price Per AC | $9,917,331.32 CAD |
| Price | $2,071,800 CAD |
| Price Per AC | $9,917,331.32 CAD |
| Lot Size | 0.21 AC |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 277160-1005 | Improvements Assessment | $1,373 CAD |
| Land Assessment | $1,030,696 CAD | Total Assessment | $1,032,069 CAD |
Property Taxes
Parcel Number
277160-1005
Land Assessment
$1,030,696 CAD
Improvements Assessment
$1,373 CAD
Total Assessment
$1,032,069 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2235-2241 15th Ave W - Development Site
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.