4519 South Henderson Street Seattle, WA 98118

$799,999
3
Beds
2.5
Baths
0.33
Acres
2,460
SQFT
325
$/SQFT
$799,999
3
Beds
2.5
Baths
2,460   sf
$325 / sf
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active
1/6
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Rare development opportunity in the heart of Seattle’s rapidly growing Rainier Beach neighborhood. This 14,555 SF parcel is zoned MHA LR3 + SM-RB 85 in a HALA opportunity area, offering strong redevelopment potential for builders and investors alike. City correspondence has confirmed favorable FAR potential and the possibility for dual maximum building heights. The property includes an existing rental home plus a separate garage rental unit, for easy rental income while pursuing permits. Existing month-to-month tenant would like to stay. Positioned on two main thoroughfares with access potential from both sides, the site offers flexibility for future development. Possible Downtown Seattle and Lake Washington views from approximately 35 feet. Located just one block from Link Light Rail, parks, shopping, and neighborhood amenities. Here is your chance to secure a large urban development site in one of Seattle’s fastest-evolving neighborhoods.

Rare development opportunity in the heart of Seattle’s rapidly growing Rainier Beach neighborhood. This 14,555 SF parcel is zoned MHA LR3 + SM-RB 85 in a HALA opportunity area, offering strong redevelopment potential for builders and investors alike. City correspondence has confirmed favorable FAR potential and the possibility for dual maximum building heights. The property includes an existing rental home plus a separate garage rental unit, for easy rental income while pursuing permits. Existing month-to-month tenant would like to stay. Positioned on two main thoroughfares with access potential from both sides, the site offers flexibility for future development. Possible Downtown Seattle and Lake Washington views from approximately 35 feet. Located just one block from Link Light Rail, parks, shopping, and neighborhood amenities. Here is your chance to secure a large urban development site in one of Seattle’s fastest-evolving neighborhoods.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    King
  • Area
    380 - Southeast Seattle
  • Tax Amount
    $7,287
  • Status
    Active
  • Listing #
    2454040
  • Built
    1917
  • Lot Size
    0.33
  • Listed on site
    321 days

Listed by:
First And Main

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2026-09-29 12:54:19. DMCA
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Property details

Community Features

  • No HOA
  • No Adult Community

Exterior features

  • No Pool
  • Parking Off-Street
  • Basement

Interior Features

  • Basement Finished

Property History

DateDays AgoEventNew Price
May 16, 20265 mos agoPrice decreased300,001 (27%)$799,999
Nov 11, 202511 mos agoNew on market$1,100,000
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