1403 E Alder Street, Seattle, WA 98122 (MLS # 2583937)

Listing provided courtesy of Northwest MLS; Windermere Real Estate Co.

Price $499,000
Status Active
Beds 3
Baths 1 Bath
Home size 720 sqft
Lot Size 4,091 sqft
Prime Central District Development Opportunity! Approximately 4,089 SF corner lot (84' x 49') zoned LR1, offering strong development potential for townhouse-style or multi-unit development, subject to buyer verification. The existing structure is likely a teardown - offered strictly as-is, with the primary value centered on the land and its development potential. Alternatively, buyers may consider a down-to-the-studs remodel and rebuild to create a 1 story with basement custom home tailored to their vision. Located in a desirable and rapidly evolving neighborhood surrounded by new construction and residential growth, the property offers convenient access to major industry, commuter routes, shopping, dining, parks, and the many amenities of Seattle's Central District. An exceptional opportunity for builders, developers, and investors to create value in one of Seattle's high-demand areas. Bring your vision"”opportunities like this are increasingly rare. Buyer to independently verify zoning, land use, permitting requirements, feasibility, and all development potential with the City of Seattle.
Property Type(s): Single Family
Last Updated 9/17/2026 Tract Central Area
Year Built 1945 Community Central Area
County King

SCHOOLS

Elementary School Bailey Gatzert
Jr. High School Wash Mid
High School Garfield High

Additional Details

AIR None
APPLIANCES Refrigerator, Washer
AREA 390 - Central Seattle
BASEMENT Partially Finished, Yes
EXTERIOR Garden
HEAT Baseboard, Electric
LOT 4090 sq ft
LOT DESCRIPTION Corner Lot, Curbs, Open Space, Paved, Sidewalk, Value In Land
LOT DIMENSIONS 84' X 49'
MLS STATUS Active
PARKING None
STORIES 1
STYLE 16 - 1 Story w/Bsmnt.
SUBDIVISION Central Area
TAXES 6280.5
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION City
WATER Public

Location

 

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Properties with the Logo 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 9/17/26 6:12 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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