Welcome to Whatcom | John L. Scott Bellingham
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$1,298,000

Active

Listing provided by Jeanie Van Amen, John L. Scott, Inc.

0

DOM

Ask Austin

About this property.

Rare investment opportunity in South Lake Union with existing 4-Plex & mixed use zoning-ideal for owner/user! The property is one of the few remaining residential development parcels in the area, offering a myriad of investment options: retain rentals as residential/business/retail units & potentially add up to 3 townhomes on parking surface area; redevelop site w/ 6 townhome units or denser multifamily project & generate income from existing fourplex while awaiting permits. Vacant land next door also for sale separately: with the two parcels combined, offer even more development opportunities. Feasibility work completed! The area is transformed from a low-rise industrial district into one of Seattle’s most dynamic tech, biotech & research hubs. The locality now hosts some of WA's largest employers, including Amazon, Google, Meta, University of Washington Medicine, Fred Hutchinson Cancer Research Center, Seattle Cancer Care Alliance. It is a major center for life sciences and biotech, with state-of-the-art lab campuses. The district also attracts tech startups, venture capital firms, and professional service tech-sector companies. The neighborhood offers desirable work/life balance with a 99 walk score; Market Hall-SLU's neighborhood marketplace-is just a block away with specialty boutique shops, local dining and outdoor common deck. Nearby Transit & I-5 Mercer Street Interchange just a few blocks away. Five on-site parking spaces!

Property details.

Property TypeResidential Income
Sub TypeMulti Family
Stories2
Year Built1909
Lot Acres0.08
Garage0 car
List Price$1,298,000
MLS StatusActive

Features.

Exterior

Metal/VinylWood

Heating

BaseboardWall Furnace

Cooling

None

Flooring

Ceramic TileHardwoodSoftwoodVinylVinyl Plank

View

Territorial

Site Features

Cable TV,Deck,Fenced-Partially,High Speed Internet

Agent information.

List AgentJeanie Van Amen
List OfficeJohn L. Scott, Inc.
Austin Hudspeth

Austin Hudspeth

Licensed Broker · John L. Scott Real Estate

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Listed by: Jeanie Van Amen, John L. Scott, Inc.

Courtesy of John L. Scott, Inc.

Source: NWMLS, MLS#: 2529850NWMLS

NWMLS

Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 05/26/2026, 21:45:16 PST. 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. Provided by NWMLS as distributed by MLS Grid.

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