**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.
Property Type(s):
Single Family
|
Last Updated
|
7/10/2026
|
Tract
|
Madison Valley
|
|
Year Built
|
1950
|
Community
|
Madison Valley
|
|
County
|
King
|
SCHOOLS
| Elementary School |
Buyer To Verify |
| Jr. High School |
Buyer To Verify |
| High School |
Buyer To Verify |
Additional Details
| AIR |
None |
| APPLIANCES |
Dishwasher, Disposal, Dryer, Refrigerator, Washer |
| AREA |
390 - Central Seattle |
| BASEMENT |
Daylight, Finished, Yes |
| CONSTRUCTION |
Wood Siding |
| HEAT |
Baseboard, Electric |
| INTERIOR |
Dbl Pane/Storm Window, Walk-In Closet(s) |
| LOT |
4400 sq ft |
| LOT DESCRIPTION |
Paved, Sidewalk, Value In Land |
| LOT DIMENSIONS |
110x40x110x40 |
| MLS STATUS |
Active |
| PARKING |
Driveway |
| STORIES |
1 |
| STYLE |
16 - 1 Story w/Bsmnt. |
| SUBDIVISION |
Madison Valley |
| TAXES |
6182 |
| 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 7/10/26 4:41 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.
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This IDX solution is (c) Diverse Solutions 2026.
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