$840,000
 $4,509 est/mo Sourced by Back At You

7818 NE Lake City Way,Seattle, WA 98115

Seattle, WA 98115

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Description

ATTN Developers, Builders, & Investors! An exceptional, high-density development opp a/w in Lake City urban corridor. Offer for the first time, 7818 & 7822 Lake City Way combined, near-level ~9,000 SF footprint primed for a mid-rise, mixed-use project. Featuring robust C1-55 zoning w/ an allowable 3.75 FAR, provides a clear, predictable pathway to construct. a 6-story bldg. Prelim Feasibility highlights an ideal yield of up to 42 RES units (suited for studios/1-bdrm) ground-floor commercial use. Take advantage of Seattle’s 4-foot gnd-fl height bonus to max. ceiling & views, utilizing UG parking entry. Strong local rental demand, prime eligibility for Seattle's 12 year Multi-family Tax Exemption (MFTE) program to max. your post-stabilization yields. while you clear your master use permits (MUP). Buyer to verify all feasibility and zoning constraints to their satisfaction. Total Lot Size: Approx. 9,000 SF (Combined dual-parcel assemblage) Zoning: C1-55 (Commercial 1, 55’ base height limit) Development Capacity: Up to 33,750 gross buildable SF under a 3.75 FAR Pro-Forma Optimization: High-velocity rental sub-market with excellent financial metrics leveraging Seattle's 12-year MFTE property tax exemption.6-story building featuring ground-floor commercial retail and 5 levels of multifamily housing (up to 42 units). Covered Land Play: Existing residential structures offer immediate holding rental cash flow during the architectural and permitting phases.

Details

MLS #2514400
Listing TypeFor Sale
StyleHouse
Building Name9-10
Sub-TypeResale
StatusActive
Year1925
Days On Site118
Listing Provided ByKelly Right RE of Seattle LLC | Diane Li

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,920
Garage180
BasementY
ZoningC1-55
Acreage0.10
Property ViewYes

Taxes

Property11036

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98115
Area710 North Seattle
Community NameRavenna
School DistrictRoosevelt High
Elementary SchoolGreen Lake
High SchoolRoosevelt High
Listing VS Median (in Ravenna)
Price:
$840,000
low | high
Med:
$847,500
49.107142857143% of Average
sqft:
1,920
low | high
Med:
1,960
47.916666666667% of Average
$ / sqft:
$438
low | high
Med:
$432
51.166180758017% of Average
On site:
118
low | high
Med:
74.5
100% of Average
Sourced by Back At You

Market Activity 98115

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98115
Area710 North Seattle
Community NameRavenna
School DistrictRoosevelt High
Elementary SchoolGreen Lake
High SchoolRoosevelt High
Listing VS Median (in Ravenna)
Price:
$840,000
low | high
Med:
$847,500
49.107142857143% of Average
sqft:
1,920
low | high
Med:
1,960
47.916666666667% of Average
$ / sqft:
$438
low | high
Med:
$432
51.166180758017% of Average
On site:
118
low | high
Med:
74.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $630K - $1.5M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
7822 NE Lake City Way Property Photo 1
$850,000
7822 Ne Lake City Way
Seattle, WA 98115
Listing Updated: July 27, 2026 at 3:30:54 PM PDT