$925,000
Est. $4,663/mo807 N 49th Street, Seattle, WA 98103
• Listed 2026-04-14•2 days on market
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Based on information submitted to the MLS GRID as of June 16, 2026 at 10:58am (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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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.
Listed by Gabe Blake • Blake Investment Advisors
Listing updated: June 16, 2026 at 10:58am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2503470
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
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Open Fri, Jun 19 +2$678,000
-$247,000 under list price
Nearby comparable homes
RexMont uses 2 strongest recent nearby sales, priced between $665K and $690K.
Rental earnings
$2,025/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$690,000Last sold price
114 N 39th Street, Seattle, WA 98103
$665,000Last sold price
116 N 39th Street, Seattle, WA 98103
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.
807 N 49th Street, Seattle, WA 98103
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.
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
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.
