
Seattle, WA 98117
Analysis of 139 NW 85th St, Seattle, WA 98117 is currently available with a list price of $1,680,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Seattle Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1910, the property is currently an unfinished construction site. Although the listing mentions a 65-70% remodel and a new roof, the interior is unlivable with exposed subflooring, unfinished drywall, and non-functional bathrooms/kitchen. The high price and permit for a 37-unit building indicate the value is in the land and development potential rather than the existing structure.
The property is uniquely positioned for high-density development, with a building permit for a 37-unit mixed-use project already in its third revision, drastically reducing the entitlement timeline for a buyer.
Situated in a highly desirable and walkable Seattle neighborhood, the location ensures strong future demand for the proposed studio units and ground-level commercial space.
The sale includes critical pre-construction assets such as boundary and topographic surveys and architectural plans, providing immediate value and cost savings for the next phase of the project.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1360, other record living area = 860.
The $1.68M list price is heavily weighted toward the land's development potential rather than the current residential structure, which may limit the buyer pool to experienced developers.
With the current home only 65-70% remodeled, any interim use as a rental or residence would require additional capital investment to finish the interior spaces.
Attention developers! The property is currently undergoing a building permit (3rd revision) for a mixed-use building, 37 studios units (~ 275 s.f.) and 1 commercial space at the ground level (NW 85th St). Boundary & topographic survey, bldg plans available. The current home is about 65%-70% remodeled. New composition roof completed in March this year.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,360 | 1,803.474 |
| Lot Size | 4,280 | 4,544.116 |
| Price | $1.68M | $978.6K |
| Price per sq ft | $1.2K | $570 |
| Built year | 1910 | 1949 |
| HOA | $0 | $68 |
| Days on market | 28 | 36 |
Aug 12, 2026
$1,680,000
Initial Listing