$1,900,000
Est. $10,524/moPrice reduced $600,000 from the original $2,500,000 asking price
5721 35th Avenue S, Seattle, WA 98118
• Listed May 11, 2026•163 days active · 163 cumulative
Listing Broker: eXp Realty; Charity Hill; 360-620-7244; chillrealestate@comcast.net
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Listing Broker: eXp Realty; Charity Hill; 360-620-7244; chillrealestate@comcast.net
About this home
Western Parcel offers a rare opportunity to develop an 88-unit multifamily project in one of Seattle’s most connected and rapidly growing neighborhoods. The project has successfully completed Early Design Guidance, allowing the next owner to move efficiently toward permitting and construction. Located at the intersection of Columbia City, Hillman City, and Beacon Hill, the site benefits from a vibrant and culturally rich community known for its diverse dining, retail, arts, and entertainment options. The neighborhood’s strong identity and growing demand for housing continue to attract residents seeking an authentic urban lifestyle. The property is ideally positioned just two blocks from the future South Graham Street Light Rail Station, providing direct access to Downtown Seattle, Sea-Tac Airport, and the greater Puget Sound region. The site also offers convenient access to major bus routes and transportation corridors, supporting a highly walkable and transit-oriented living experience. Surrounded by parks, schools, employment centers, and daily amenities, Western Parcel is well suited for a modern residential development that combines urban accessibility with neighborhood character. The project may also qualify for Seattle’s Multi-Family Tax Exemption (MFTE) program, enhancing long-term investment potential.
Listed by Charity Hill • eXp Realty
Listing updated: October 9, 2026 at 09:05am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2521654
Around this home
How much should you offer?
5721 35th Avenue S, Seattle, WA 98118
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- Multi-Family
Schools
Ratings via SchoolDigger- Dearborn Park International SchoolPublic · Grades PK-5 · 0.4 mi · State rank 358 of 1,1386/10
- Aki Kurose Middle SchoolPublic · Grades 6-8 · 0.4 mi · State rank 266 of 5144/10
- Interagency Open DoorsPublic · Grades 9-12 · 0.6 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.67 acres
- Lot square feet
- 29,140 sq ft
Zoning & use
- Zoning code
- MR
- Zoning description
- Commercial,Multi-Family
- Zoning jurisdiction
- City
- Possible use
- Commercial, Multi-Family
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- Available
- Gas
- Available
- Water
- Available
- Sewer
- Available
Road & access
- Road surface
- Paved
- Road information
- Paved
Surveys & reports
- Sketch submitted
- Yes
- Reports and documents completed
- See Remarks
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $14,852
- Tax year
- 2026
- Financing
- Cash, Conventional
- Seller disclosure
- Provided
- Preliminary title ordered
- No
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 5721 35th Avenue S
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 9, 2026Price reducedNWMLS via MLS Grid · #2521654$1,900,000
- Oct 9, 2026Price reducedNWMLS via MLS Grid · #2562660$1,900,000
- May 11, 2026ListedNWMLS via MLS Grid · #2521654$2,500,000
- May 11, 2026ListedNWMLS via MLS Grid · #2562660$2,500,000
- Jul 20, 2018Recorded saleKing County recorder · Statutory warranty deed$2,100,000
Mortgage payment forecast
$12,237 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: eXp Realty; Charity Hill; 360-620-7244; chillrealestate@comcast.net
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 63 days.
Recent sales nearby
Within 1 mile · last 6 months$960,000 Sold
2 days ago
3 bd•1.5 ba•~1,240 sq ft•Single Family
4502 Cascadia Avenue S, Seattle, WA 98118
5%
Over list
18
Days on market
0.9 mi
Distance
$570,000 Sold
5 days ago
2 bd•1 ba•~950 sq ft•Single Family
4720 S Findlay Street, Seattle, WA 98118
1%
Over list
24
Days on market
0.8 mi
Distance
$1,050,000 Sold
5 days ago
3 bd•2.5 ba•~1,970 sq ft•Single Family
4501 39th Avenue S, Seattle, WA 98118
0%
Over list
23
Days on market
0.9 mi
Distance
$565,000 Sold
5 days ago
1 bd•0.75 ba•~580 sq ft•Single Family
4719 S Pearl Street, Seattle, WA 98118
3%
Under list
30
Days on market
0.8 mi
Distance
$863,000 Sold
5 days ago
3 bd•1.75 ba•~1,560 sq ft•Single Family
3921 S Angeline Street, Seattle, WA 98118
1%
Under list
44
Days on market
0.7 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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 6:17 AM PT (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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