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215 31st Avenue E, Seattle, WA 98112

$995,000 (Pending)
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Listed by: Anastasia Miles - Windermere Real Estate/East

215 31st Avenue E, Seattle, WA 98112

$$995,000
Pending
est.$995,000/month.
Start My Approval
1 beds. 1 baths. 4,400 Sqft.

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215 31st Avenue E, Seattle, WA 98112

$995,000
Pending
est.$995,000/month.
Start My Approval
1 beds 1 baths 4,400 Sq.ft.
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Property details for 215 31st Avenue E, Seattle, WA 98112
**Exceptional Development Opportunity – The Value Is in the Land!** Prime 4,400 SF level lot (40' x 110') in one of Seattle's rapidly transforming neighborhoods. Builder activity is already underway with four new homes currently under construction directly across the street, highlighting the strong demand for new housing in the area. Zoned **Neighborhood Residential (NR)** under Seattle's Unified Development Code, this property offers exciting redevelopment potential. Four units are permitted by right with no discretionary design review required for that density. The site may also qualify for additional density through stacked-flat and/or frequent-transit bonus provisions due to its proximity to the Madison Street RapidRide G Line (buyer to verify). Potential eligibility for the 1.6 FAR tier allows approximately 7,000 SF of buildable floor area. Height limits are 32 feet, with potential for up to 42 feet through qualifying tree canopy incentives. An outstanding opportunity for builders, developers, and investors looking to capitalize on Seattle's evolving housing market. Buyer to verify all zoning, density, FAR, height, and development potential to their own satisfaction.
Broker details: Windermere Real Estate/East

Listed by: Anastasia Miles
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Property Description

MLS Information

  • Listing: 2550121
  • Listing Last Modified: 2026-07-16

Property Details

  • Standard Status: Pending
  • MLS Status: Pending Feasibility
  • Built in: 1950
  • Subdivision: Madison Valley

Geographic Data

  • County: King
  • MLS Area: Madison Valley
  • Directions: GPS works
Features

Interior Features

  • Flooring: Slate, Carpet
  • Bedrooms: 1
  • Full baths: 1
  • Living area: 1440
  • Interior Features: Walk-In Closet(s)

Exterior Features

  • Roof type: Composition
  • Lot description: Level, Paved
  • View: Territorial

Parking

    Utilities

    • Water: Public
    • Heating: Electric, Baseboard
    Property Information

    Tax Information

    • Tax Annual Amount: $6,182

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    Based on information submitted to the MLS GRID as of Sun Aug 02 2026 (12.06 PM). IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. 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. The three tree icon represents listings courtesy of NWMLS.
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