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12623 42nd Avenue S, Seattle, WA, 98168

5beds
3baths
2,780sqft
$1,200,000
$432price/sqft
$7,782/moest. monthly cost
$311,280/yrincome needed

About This Home

32,500 SF | Up to ~18 Units | CR Zoning Located at the end of a private, secluded dead-end street lined with newer construction, this site is anchored by a remodeled 5-bed, 3-bath, 2,780 SF home producing rental income from day one. Zoned Community Residential (CR), it subdivides at 5,000 SF minimum lot sqf, with density that scales by lot size to roughly 18 units across the site. Flexible zoning lets you build the mix the market wants: single-family, duplexes, triplexes, fourplexes, townhomes, stacked flats, cottage housing, and ADUs/DADUs. (Buyer to verify.) Hold the existing home for income while you entitle, then keep it on its own lot or redevelop to full density. Topography survey and geo-tech report already completed. Site previously had 3 houses and a detached garage; one house remains, but utility connections to the removed structures are still on site. Developer-friendly terms. Ideal for developers, investors, non-profits, or anyone building a private multi-generational compound.

Getting Around

36
WalkingCar-Dependent
36
TransitSome Transit
56
BikeBikeable

Schools

5/10
Tukwila Elementary SchoolGrades PK-51.8 mi
4/10
Showalter Middle SchoolGrades 6-81.1 mi
3/10
Foster Senior High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1969

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1969

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story w/Bsmnt.
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Tankless Water Heater,Washer,Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s)

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Lower

Bathroom Three Quarter

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Lower

Bedroom

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 3/4 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 2,780
  • Total interior livable area: 2,780 sqft

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: 7340600681
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.75 Acres

Parking

  • Total spaces: 2
  • Parking features: Driveway,Attached Garage
  • Has garage: Yes
  • Covered spaces: 2

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
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
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 $6,067$72,804
Home Insurance *$284$3,408
Property Taxes $1,241$14,892
Electricity $190$2,281
Total$7,782$93,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$266,811/yr
40% on housing$233,460/yr
45% on housing$207,520/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

$432This listing

vs Other Active Listings

Avg $/sqft

ZIP 98168$262
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98168$353
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
2026-08-03Listed for sale$1,200,000
2026-02-09Sold$624,290
2025-04-24Listing removed$3,695
2025-04-11Listed for rent$3,695
2022-09-15Sold$340,000

For Sale by Agent

AgentNick Leung
BrokerageWPI Real Estate Services, Inc.

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