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Listed by: Meghan Nicole Waddle (509) 391-5238 , Allison Fletcher (206) 789-7700 | Windermere Real Estate Co. (206) 789-7700
$499,000
Monthly Est:$2,484
3 Beds
1 Bath1 full bath
720sqft
1403 E Alder St, Seattle, WA 98122
$499,000
$2,484/moEst:
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Townhouse
Built in 1945
$-- HOA
4,089 sqft lot
$693/sq.ft
Description
Prime Central District Development Opportunity! Approximately 4,089 SF corner lot (84' x 49') zoned LR1, offering strong development potential for townhouse-style or multi-unit development, subject to buyer verification. The existing structure is likely a teardown - offered strictly as-is, with the primary value centered on the land and its development potential. Alternatively, buyers may consider a down-to-the-studs remodel and rebuild to create a 1 story with basement custom home tailored to their vision. Located in a desirable and rapidly evolving neighborhood surrounded by new construction and residential growth, the property offers convenient access to major industry, commuter routes, shopping, dining, parks, and the many amenities of Seattle's Central District. An exceptional opportunity for builders, developers, and investors to create value in one of Seattle’s high-demand areas. Bring your vision—opportunities like this are increasingly rare. Buyer to independently verify zoning, land use, permitting requirements, feasibility, and all development potential with the City of Seattle.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 8:16 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2583937
Property Details
Status
Pending
Type
Townhouse
No. of Stories
-
County
City
Neighborhood
Year Built
1945
HOA Fees
-
Finished Area
720 sqft
Lot Size
4,089 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2583937
MLS Status
Pending
Days on Market
15
Cumulative Days on Market
15
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathroom: 1
Entry Hall
Level: Main
Kitchen With Eating Space
Level: Main
Living Room
Level: Main
Primary Bedroom
Level: Main
Utility Room
Level: Lower
Bathroom Full
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Interior
Exterior Features
Wood, Wood Products
Heating
Baseboard
Sewer
Sewer Connected
Cooling
None
Flooring
Hardwood, Vinyl, Carpet
Appliances
Refrigerator, Stove(s)/range(s), Washer
Construction
Year Built
Year Built: 1945
Home type
Townhouse
Construction Materials
Wood
Foundation Details
Block
Roof
Composition
Utilities & Energy
Water Source
Public
Parking Features
None
Basement
Partially Finished
Security Features
Fully Fenced
Other Features
Lot Features
Corner Lot, Curbs, Open Space, Paved, Sidewalk, Value In Land
Vegetation
Garden Space
Subdivision Name
Central Area
Price History
| Date | Event | Price |
|---|---|---|
09/23/2026 Source: | Pending | $499,000 $693/sqft |
09/17/2026 Source: | Listed for Sale | $499,000 $693/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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