1707 22nd Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 1 bath
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Seattle, WA 98118
This property presents a High-Potential Investment Opportunity with a List Price of $699,950—positioned well below the $670,742 Fair Market Value by -4%. Featuring MR(M2) Zoning, this Asset offers significant development upside for multi-unit housing or DADU expansion. With a Condition Rating of 4, the home requires modernization, yet provides a functional foundation. Its strategic location near transit and I-90 ensures strong rental demand. This is a prime acquisition for Buy-and-Hold Investors or Developers seeking to leverage high-density urban land.
Property is moderate renovation needed.
Originally built in 1904, the home has received cosmetic updates including painted cabinetry and newer flooring, but remains dated overall. The kitchen features older white appliances and laminate counters, while the bathroom shows basic refreshes rather than a full modern renovation. Given the age and the listing's heavy emphasis on 'investor potential' and mid-rise zoning, the structure is functional but primarily valued for its land and development possibilities.
The MR(M2) zoning provides exceptional development potential for mid-rise multi-unit housing up to 8 stories or the addition of a DADU, offering significant value for investors.
Perfectly situated in the Central District with immediate access to transit, I-90, and downtown Seattle, making it a highly desirable hub for commuters and urban dwellers.
This 1904 home features a light-filled two-story floor plan with a basement and a fenced yard, offering a charming foundation for a custom renovation or expansion.
The property features only one bathroom for three bedrooms, which may be a significant drawback for modern families or high-end rental potential.
Built in 1904, the home likely requires substantial updates to its core systems and finishes to meet contemporary living standards and efficiency.
Charming 2-story home with basement in the heart of Seattle’s vibrant Central District. This property offers incredible potential with 3 bedrooms, 1 bath, and flexible living spaces ready for your vision. Enjoy a light-filled living room, cozy dining nook, and a functional kitchen with plenty of storage. Upstairs features spacious bedrooms with character and natural light. The fenced yard includes garden beds and room to relax or entertain. Zoned MR(M2), the property provides excellent development potential, whether for future multi-unit housing or the addition of a DADU for extra income. Conveniently located near transit, dining, shopping, parks, and just minutes to downtown, Capitol Hill, and I-90.Investor Alert: This property is zoned for mid-rise buildings (multi-level apartment), with potential to build an additional unit up to 8 stories. Buyer to verify.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades PK-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1904 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 10, 2026
$699,950
Initial Listing