Rare investment and development opportunity in Seattle's highly desirable Bryant neighborhood. This well-maintained two-story duplex is fully occupied and currently generates approximately $59k in annual net income, providing immediate cash flow while offering compelling future redevelopment potential. Preliminary plans envision five modern townhomes averaging approximately 1,400 square feet each, with the SIP process approximately 90% complete and nearing building permit submission. The existing property offers a generous front yard, ample street parking, and direct access to the Burke-Gilman Trail. Ideally positioned just a mile from the University of Washington and minutes from University Village, light rail, neighborhood amenities, major employment centers, parks, dining and shopping. An exceptional opportunity to hold, develop, or reposition a well-located income-producing property in one of Seattle's most established and sought-after neighborhoods.
| MLS # | 2579612 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1944 |
| Days On Site | 12 |
| Listing Provided By | TEC Real Estate Inc. | Ann Carson |
| SQ Feet | 2,760 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.11 |
| Property | 11992 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98105 |
| Area | 710 North Seattle |
| Community Name | Bryant |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Bryant) | |
Price: $1,450,000 low | high Med: $995,000 sqft: 2,760 low | high Med: 1,660 $ / sqft: $525 low | high Med: $599 On site: 12 low | high Med: 9 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98105 |
| Area | 710 North Seattle |
| Community Name | Bryant |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Bryant) | |
Price: $1,450,000 low | high Med: $995,000 sqft: 2,760 low | high Med: 1,660 $ / sqft: $525 low | high Med: $599 On site: 12 low | high Med: 9 | |