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Provided by NWMLS, Listed by Anastasia Miles, 425-822-5100 at Windermere Real Estate/East
1 Bed
1 Bath
1,440 sqft

$995,000

215 31st Avenue E, Seattle WA, 98112

Price per sqft$690.97
Built in1950
Property size1,440 sqft
Property typeResidential

Overview

Pending

Listed Jul 10, 2026

Updated 17h ago

**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.

$6,620/mo

Est. mortgage payment based on a $995,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2550121

Interior Features

Bedrooms
1
Bathrooms
1
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$6,182
Tax Frequency
Annually
View
Yes
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Anastasia Miles, 425-822-5100 at Windermere Real Estate/East

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/26/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/26/2026 at 7:31 PM UTC . 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.

©2026 Northwest Multiple Listing Service all rights reserved.

Data last updated on 9/26/2026 at 7:31 PM UTC 

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