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About the Listing 7913 - 146115,28191
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
2503470
Year Built
1911
Total Square Footage
2,560
Lot/Acreage
0.09
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood Products,Fair
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $10,952
- Taxes w/Assessments: N/A
- Tax/Property ID: 9521100995
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
807 N 49th St Seattle, WA 98103
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