- Property Type: multifamily,land
Description
18,203 SF Lot | 2 Residential Units | LR1 (M) Zoning
An opportunity to acquire a residential investment property on an expansive 18,203-square-foot parcel in Seattle’s Ravenna and University District area.
The property features an existing duplex with two residential units, providing rental income alongside the potential to evaluate future use of the land.
Property Overview
Originally constructed in 1948, the duplex offers approximately 1,050 square feet of building area on a wooded residential parcel.
The building contains two one-bedroom, one-bathroom residential units.
Mature landscaping and a substantial lot distinguish the property within its established Northeast Seattle neighborhood.
Existing Income and Land Investment Potential
The property offers an existing residential rental use with two units and parking income identified in the marketing materials.
The approximately 18,203-square-foot lot is identified as LR1 (M) zoned land, allowing prospective investors to evaluate the property’s current operation alongside potential future residential development opportunities.
Development feasibility, density, and permitted improvements must be independently evaluated against current City of Seattle regulations and site conditions.
Ravenna Location Near the University of Washington
Located near the University of Washington, UW Medical Center, University Village, and the Burke-Gilman Trail, the property offers access to major educational, medical, commercial, and recreational destinations.
The property’s established residential setting and substantial land area make it relevant to buyers considering both current rental operations and longer term investment opportunities.
Details
- Building Size (SF): 1,050
- Lot Size (Acres or SF): 18,203
- Year Built: 1948
- Zoning: LR1 (M)
- Neighborhood: Ravenna / University District