807 49th Street, Seattle, WA 98103

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807 49th Street, Seattle, WA 98103

$1,075,000 (Active)

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Listed by: Gabe Blake - Blake Investment Advisors

$$1,075,000

Active

est.$1,075,000/month.

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beds. baths. 4,000 Sqft.

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Mortgage Broker

John Juge
Highlands Residential Mortgage
jjuge@highlandsmortgage.com
(425) 275-1640
NMLS# 114272

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or Call Now: (425) 275-1640

807 49th Street, Seattle, WA 98103

$1,075,000

Active

est.$1,075,000/month.

Start My Approval

beds baths 4,000 Sq.ft.

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Property details for 807 49th Street, Seattle, WA 98103

TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.

Broker details: Blake Investment Advisors

Listed by: Gabe Blake

Property Description

MLS Information

Listing: 2507351
Listing Last Modified: 2026-06-16

Property Details

Standard Status: Active
MLS Status: Active
Subdivision: Wallingford

Geographic Data

County: King
MLS Area: Wallingford
Directions: Take Exit 169 (NE 45th St) Head west on NE 45th St toward Wallingford Turn right on Meridian Ave N Continue north for about 4 blocks Turn left on N 49th St 807 N 49th St will be on your right

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