3115 Queen Anne Avenue N, Seattle, WA 98109
- $1,100,000
- 1,720
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 2560520
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 1,720
- Area Total SqFt
- 1720
- Lot Size (sq ft)
- 3,000
- Sewer
- Sewer Connected
Property Description
Unmatched flexibility and prime growth potential converge at this rare corner-lot opportunity in one of Seattle’s most rapidly expanding neighborhoods. Developers, don't miss out on the only available lot in this rapid growth area. Currently featuring a fully functioning, cash-flowing duplex set on a sprawling, level yard, this property allows you to buy and hold for immediate rental income while holding a prized canvas for high-density future development. Zoned **MIO-37-LR3 (M)**—combining highly permissive Lowrise 3 capacity with a 37-foot Major Institution Overlay height limit and MHA framework—the lot provides exceptional structural envelope advantages and flexible layout options. Take full advantage of Seattle’s progressive urban planning codes and streamlined middle-housing provisions to construct townhomes, rowhouses, or a modern multi-unit residential project in a high-demand, transit-rich corridor. Rent lower unit $2,600 Rent forecast upper unit $3,500 Also We did the math for you using Ai below: Target Unit Yield: On a 3,000 sq ft parcel in LR3, developers typically yield 3 townhomes (approx. 1,800–2,000 sq ft each) or 6 to 8 micro-apartments/flats, depending on core efficiency and circulation space. MIO-37 Structural Fit: The 37-foot Major Institution Overlay height limit easily accommodates a clean 3-story frame (approx. 10–11 ft floor-to-floor) with room for flat roof decks or parapets
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Additional Information
- List Date
- 2026-07-30 19:35:15
- Community
- Queen Anne
- Total Monthly Income
- $3,500
- Vacancy Rate
- 50
- Total Number of Units
- 2
- Unit Name
- 3115
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1905
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $3,500
- Vacancy Rate
- 50
- Tax Year
- 2026
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.