Penny Kingdom Realty
Where Clients are Royalty
North Seattle LR2 Development Opportunity
Property Information
Opportunity knocks in North Seattle! 4,799 sq ft LR2 (M1) lot with street frontage plus alley access on two sides. Value is primarily in the land, with potential for future townhouse, rowhouse, or multifamily development. Existing cottage is livable and has been used as a rental/Airbnb, featuring 1 bedroom, 1 full bath, full kitchen, and laundry room—offering possible interim income or owner-use while planning. Detached garage plus 3 shipping containers that convey—two stacked 40′ containers with power, plus one 20′ container—ideal for shop, storage, studio, or project space. Fully fenced lot with chain-link fencing that also conveys, adding secure yard utility for storage, equipment, or pets. Excellent use-now/build-later opportunity for builders, investors, or creative owner-users. Buyer to verify all development potential, zoning, permits, and intended use to buyer’s satisfaction.
Development Potential
LR2 (M1) zoning, 4,799 sq ft lot, and three-sided access create a strong North Seattle infill opportunity.
* 4,799 sq ft lot
* LR2 (M1) zoning
* Street frontage on Midvale Ave N
* Alley access on two sides
* Buyer to verify development feasibility
Use Now / Build Later
* The existing cottage offers flexible interim use while buyers explore future plans.
* Livable 1-bedroom cottage
* 1 full bath
* Full kitchen
* Laundry room
* Prior rental/Airbnb use
Garage + Container Setup
A detached garage and shipping containers add rare shop, storage, and workspace utility.
* Detached garage
* 3 shipping containers convey
* Two stacked 40′ containers with power
* One 20′ container
* Shop, studio, or storage potential
Fully Fenced Site
Chain-link fencing conveys with the property, creating a secure and functional yard area.
* Fully fenced lot
* Secure yard area
* Useful for equipment or storage
* Flexible staging or project space
* Strong contractor/builder utility
Additional Property Information
Location
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*The mortgage rates shown here are provided by https://www.mortgagenewsdaily.com/ and show the current national average rates. Learn about MND rate index here. Penny Kingdom Realty does not offer these or any rates. They are soley to be used as a helpful tool for the mortgage calculator.
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Jared Tadique
Designated Broker
Penny Kingdom Realty
Local real estate expert specializing in Snohomish County and North Sound properties.
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