Listing courtesy of Skyline Properties, Inc. 206-522-3400
$549,950
This property represents a premier land bank opportunity, combining immediate rental income with massive future development upside. Existing 3-bedroom home is clean, livable, and rentable, making an ideal asset to hold while you finalize long-term plans. With new roof and mini-split heating/cooling system, home is low-maintenance and ready to be… Read More occupied or rented immediately. For investor, current house provides steady cash flow to offset holding costs. Estimated rent $2,500 per month. Solid condition and updated systems ensure high tenant demand and minimal near-term capital expenditures. The true value is the supercharged Neighborhood Commercial Center (NCC) zoning. Under Tukwila's recent 2025 code updates, the development potential has been significantly expanded to favor high-density, transit-oriented projects. New standards allow for 60-foot height limits, zero-foot setbacks, and reduced parking requirements, giving developers the flexibility to maximize the entire footprint of the lot for a vibrant mixed-use or multifamily project. Buyer to verify. Ideally located in a pedestrian-focused corridor, this site is perfectly positioned to benefit from Tukwila’s rapid growth. Whether you are looking for a stable rental to add to your portfolio or a high-capacity development site near transit, this property offers a rare best of both worlds scenario. Secure a functional income-generator today and capitalize on its extraordinary vertical potential tomorrow. Read Less
Listing Snapshot
Cumulative Days On Market
0
Last Updated
Property Type
Single Family Residence
Lot Size
0.22 Acres
MLS Number
2512253
Days online/new listing status Based on first download from the MLS.
Building Area Total: 1020, Building Area Units: Square Feet, Building Information: Built On Lot, Calculated Square Footage: 1020, Direction Faces: North, Elevation Units: Feet, Entry Location: Main, Levels: "One", Living Area: 1020, Structure Type: "House", Year Built: 1941, Year Built Effective: 1941
Exterior Features
Exterior Features: "See Remarks"
Fireplaces
Fireplaces Total: 0
Floors
Flooring: "Carpet"
Foundation
Foundation Details: "Poured Concrete"
Home Owner's Association
Association Fee: $0
Lot
Features: "Paved", "Value In Land", 0 acres, 9546 square feet
Based on information submitted to the MLS GRID as of . 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. Listings last updated on ,
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