$550,000
Est. $2,787/mo5 bd•2 ba•1,820 sq ft
12206 1st Avenue S, Seattle, WA 98168
• Listed 2026-02-18•New today
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Based on information submitted to the MLS GRID as of June 11, 2026 at 09:39am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Investment opportunity in south Seattle. TWO PARCELS. Zoned MU2. Large home with 5 bedrooms is currently a rental and tenants would like to stay. Keep tenants in place while you finish up your planning and developing. Seller planned to build but life changed. Site plans were finished and demo permit was issued.You could also update the main house and keep the lower level as a rental to generate additional income and offset your mortgage. Main level has two bedrooms and one bathroom. Lower level has 3 bedrooms and a bathroom. House is set back from the road behind mature laurel hedges. Close to SEATAC and easy access to HWY509.
Listed by Barb Pexa • Keller Williams Rlty Bellevue
Listing updated: June 11, 2026 at 09:39am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2480144
Open houses
No upcoming open houses scheduled for this property.
$599,000
+$49,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $595K and $750K.
Rental earnings
$1,800/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.

$745,000Last sold price
317 S 116th Street, Burien, WA 98168

$750,000Last sold price
11447 5th Avenue S, Seattle, WA 98168
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
12206 1st Avenue S, Seattle, WA 98168
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
7 programs may be available to provide you with up to $110,000 in down payment assistance, depending on your specific information.
$3,233 per month
Great rateTakes about 5 minutes & won't affect your credit
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
$400,000 Sold
4 weeks ago
2 bd•2 ba•~1,050 sq ft•Single Family
12200 2nd Avenue S, Seattle, WA 98168
0%
Over list
—
Days on market
0.1 mi
Distance
$730,000 Sold
8 weeks ago
3 bd•1 ba•~1,960 sq ft•Single Family
1027 S 112th Street, Seattle, WA 98168
3%
Under list
—
Days on market
0.9 mi
Distance
$335,000 Sold
2 months ago
2 bd•1 ba•~600 sq ft•Single Family
12413 2nd Avenue S, Seattle, WA 98168
16%
Under list
—
Days on market
0.2 mi
Distance
$498,500 Sold
4 months ago
3 bd•1.5 ba•~1,280 sq ft•Single Family
11014 4th Avenue S, Seattle, WA 98168
0%
Under list
—
Days on market
0.8 mi
Distance
$482,000 Sold
5 months ago
1 bd•1 ba•~1,690 sq ft•Single Family
12451 1st Ave S, Seattle, WA 98168
21%
Over list
—
Days on market
0.2 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.