Rare development opportunity for Townhome Builder or Value-Add Investor in the heart of the South Lake Union/Eastlake corridor. Prime lot offers sweeping, protected views of Lake Union, the Seattle Skyline, and the Olympic Mountains. Able to accommodate 4-5 new townhomes. Two larger townhomes could be built off the alley & three smaller ones facing Lake Union (or vice versa). Avg unit size = 1,793 sq ft. The property currently houses a very clean, well-maintained, solid income producing 4-plex generating healthy returns while you navigate the permitting process. Landlord has never increased rent on a tenant. Zero vacancy. Outstanding tenants. Rents below market rate. Each unit features 1 bed/1 bath, fireplace, washer/dryer, dishwasher, hardwood flooring, parking. Large living rm could easily accomodate a 2nd bdrm in each unit. View photos shot from future 3rd -4th floor/roof top deck of this Bldg. Located on bus line & w/in walking distance to Amazon, Google, and the life sciences hub. 5 off-street parking spaces in rear. Zoned LR2(M), allowing for up to 4 stories with rooftop decks. Ideal opportunity for investor, builder or owner/occupant!
Listing Provided Courtesy of Rob Nicholson, John L. Scott, Inc.
General Information
NWM2481300
Multi Family
40
DOM
5127.01 SqFt
3000
1987
Multi-F
King
Buyer To Verify
Buyer To Verify
Buyer To Verify
Residential Incom
Multi Family
Listing Provided Courtesy of Rob Nicholson, John L. Scott, Inc.
Krishna Realty data last checked: Apr 26, 2026 17:01 | Listing last modified Mar 30, 2026 00:07,
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Residence Information
3000
Torch Down
54 - 4-Plex
1987
Poured Concrete
Features and Utilities
Brick
Public
Sewer Connected
0
Financial
13689.6
Cash, Conventional, FHA, VA Loan
02-17-2026
Comparable Information
40
40
Cash, Conventional, FHA, VA Loan
$1,600,000
$1,600,000
Mar 30, 2026 00:07
Schools
Elementary : Buyer To VerifyN/ARatings Middle : Buyer To Verify N/ARatings High : Buyer To VerifyN/ARatings
Rare development opportunity for Townhome Builder or Value-Add Investor in the heart of the South Lake Union/Eastlake corridor. Prime lot offers sweeping, protected views of Lake Union, the Seattle Skyline, and the Olympic Mountains. Able to accommodate 4-5 new townhomes. Two larger townhomes could be built off the alley & three smaller ones facing Lake Union (or vice versa). Avg unit size = 1,793 sq ft. The property currently houses a very clean, well-maintained, solid income producing 4-plex generating healthy returns while you navigate the permitting process. Landlord has never increased rent on a tenant. Zero vacancy. Outstanding tenants. Rents below market rate. Each unit features 1 bed/1 bath, fireplace, washer/dryer, dishwasher, hardwood flooring, parking. Large living rm could easily accomodate a 2nd bdrm in each unit. View photos shot from future 3rd -4th floor/roof top deck of this Bldg. Located on bus line & w/in walking distance to Amazon, Google, and the life sciences hub. 5 off-street parking spaces in rear. Zoned LR2(M), allowing for up to 4 stories with rooftop decks. Ideal opportunity for investor, builder or owner/occupant!
