Madison Valley redevelopment opportunity offering multiple paths for value creation in a prime location surrounded by continued growth, investment, and strong neighborhood demand.For buyers not pursuing immediate ground-up development, the existing structure presents compelling potential. A thoughtful renovation and reconfiguration may create two separate residential units, offering an owner/user setup, income opportunity, or long-term hold while preserving future redevelopment options.For larger-scale redevelopment, the property is zoned NC2-75 (M1), allowing exciting mixed-use possibilities with heights up to 75 feet. Ideal for developers, assemblage buyers, investors, or those seeking long-term upside.Situated on an approx. 4,030 SF lot, the site may support a variety of concepts, including residential above ground-floor commercial or amenity space, subject to buyer verification, design review, and permitting. Preliminary planning suggests approximately 20,000-28,000 SF of gross buildable area and roughly 25-40 residential units, depending on design, unit mix, parking strategy, and commercial use.An exceptional opportunity in one of Seattle's most sought-after neighborhoods with convenient access to retail, dining, transit, employment centers, and continued area growth. Buyer to verify zoning, unit count, rental potential, and redevelopment feasibility to their satisfaction.
Property Type(s):
Single Family
|
Last Updated
|
6/12/2026
|
Tract
|
Capitol Hill
|
|
Year Built
|
1906
|
Community
|
Capitol Hill
|
|
County
|
King
|
SCHOOLS
| Elementary School |
Buyer To Verify |
| Jr. High School |
Buyer To Verify |
| High School |
Buyer To Verify |
Additional Details
| AIR |
None |
| AREA |
390 - Central Seattle |
| BASEMENT |
Unfinished, Yes |
| CONSTRUCTION |
Wood Siding |
| FIREPLACE |
Yes |
| HEAT |
Electric, Forced Air, Natural Gas |
| INTERIOR |
Dining Room, Fireplace |
| LOT |
4029 sq ft |
| LOT DESCRIPTION |
Curbs, Paved, Sidewalk, Value In Land |
| MLS STATUS |
Active |
| PARKING |
None |
| STORIES |
2 |
| STYLE |
12 - 2 Story |
| SUBDIVISION |
Capitol Hill |
| TAXES |
12394 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Territorial |
| WATER |
Public |
Location
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/12/26 1:51 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. 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.
DMCA Notice
This IDX solution is (c) Diverse Solutions 2026.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email