807 N 49th Street, Seattle, WA, 98103
About This Home
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.
Getting Around
Somewhat Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Fair
- Year built: 1911
Materials
- Roof: Composition
- Construction materials: Wood Products
Notable Dates
- Major remodel year: 1985
Type & Style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
Features
- Flooring: Vinyl Plank
Heating & Cooling
- Heating features: Forced Air,Electric
- Cooling features: None
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 9521100995
- Zoning description: Multi-Family,Jurisdiction: City
- Special condition: Standard
Lot
- Lot size: 3,998 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in King County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,677 | $56,124 |
| Home Insurance * | $134 | $1,608 |
| Property Taxes | $585 | $7,020 |
| Electricity | $149 | $1,793 |
| Total | $5,545 | $66,540 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-14 | Listed for sale | $1,075,000 |
| 2024-09-15 | Listing removed | $1,350,000 |
| 2024-03-14 | Listed for sale | $1,350,000 |
| 2021-05-26 | Listing removed | -- |
| 2021-04-13 | Listed for sale | $1,295,000 |
View on Zillow