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3004 E Yesler Way, Seattle, WA, 98122

4beds
4baths
3,700sqft
$1,585,000
$428price/sqft
$9,822/moest. monthly cost
$392,880/yrincome needed

About This Home

Opportunity for Development in Prime Leschi Location Rare 8,000 sq. ft. double lot in the highly sought-after Leschi neighborhood, offering partial views of Lake Washington. Exceptional opportunity for investors, builders, or developers seeking strong land value and future upside. Property is zoned LR1, presenting potential for redevelopment or reconfiguration (Buyer to verify). Existing 1901 Victorian structure has been converted into four residential units, providing interim income while planning your project. Value is primarily in the land and development potential. Owner occupies one unit—subject to landlord/tenant laws. Do not disturb tenants or access property without an appointment. Possible seller financing. Buyer to verify all information to their own satisfaction.

Getting Around

71
WalkingVery Walkable
56
TransitGood Transit
71
BikeVery Bikeable

Schools

7/10
Leschi Elementary SchoolGrades K-50.1 mi
7/10
8/10
Garfield High SchoolGrades 9-120.5 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1901

Materials

  • Foundation: Poured Concrete
  • Roof: Composition,Flat,Torch Down
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1985

Type & Style

  • Home type: MultiFamily
  • Architectural style: 4-Plex
  • Property subType: Quadruplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4

Features

  • Flooring: Ceramic Tile,Hardwood,Laminate,Marble,Carpet

Heating & Cooling

  • Heating features: Forced Air,Electric,Natural Gas
  • Cooling features: Forced Air

Interior Area

  • Total structure area: 3,700
  • Total interior livable area: 3,700 sqft

Property

Details

  • Parcel number: 3416600735
  • Zoning description: Multi-Family,Residential,Jurisdiction: City
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Lake,Partial
  • Has water view: Yes
  • Water view: Lake

Lot

  • Lot size: 8,001 sqft
  • Features: Curbs,Paved,Sidewalk,Value In Land,Deck,Patio,Rooftop Deck

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
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $8,014$96,168
Home Insurance *$261$3,132
Property Taxes $1,294$15,528
Electricity $253$3,037
Total$9,822$117,864
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$336,754/yr
40% on housing$294,660/yr
45% on housing$261,920/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

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.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$428This listing

vs Other Active Listings

Avg $/sqft

ZIP 98122$376
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98122$557
King County$485

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

DateEventPrice
2026-05-02Listed for sale$1,825,000
2021-01-15Listing removed$1,650,000
2020-12-02Listed for sale$1,650,000
2020-07-07Listing removed$1,850,000
2020-04-28Price change$1,850,000
2020-03-17Listed for sale$1,975,000

For Sale by Agent

AgentShelley A. Michael
BrokerageKR Brokers

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