Ballard/Greenlake Homes with 42 - Multi-Family Style

Ballard/Greenlake Homes with 42 - Multi-Family Style

Welcome to the vibrant neighborhood of Ballard/Greenlake in Seattle, Washington! This unique region in King County offers a perfect blend of urban convenience and natural beauty.

Ballard is known for its trendy restaurants, boutique shops, and thriving arts scene. Explore the historic Ballard Locks or stroll along the scenic waterfront for stunning views of the Puget Sound. With a strong Scandinavian heritage, Ballard hosts annual festivals celebrating its cultural roots.

Just a stone's throw away lies Greenlake, a picturesque neighborhood surrounding a sparkling lake. Residents enjoy outdoor activities such as biking, jogging, and paddleboarding along the 2.8-mile path encircling the lake. The Greenlake Community Center offers a variety of recreational programs for all ages.

If you're in the market for a multi-family style home in Ballard/Greenlake, you're in luck! With a diverse selection of properties ranging from duplexes to apartment buildings, there are plenty of options to choose from. Whether you're looking for an investment property or a place to call home, Ballard/Greenlake has something for everyone.

Experience the best of Seattle living in Ballard/Greenlake, where urban excitement meets natural beauty. Don't miss out on the opportunity to own a piece of this dynamic and thriving community!

Newest Ballard/Greenlake Homes with 42 - Multi-Family Style

$1,478,000
2566364 MLS ⋅ ACTIVE Status
Exceptional development opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. NC3-55 zoning may offer potential for a future multifamily development of approximately 60–80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. The current property includes two buildings (3-unit building and a 10-unit building) with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies for a total of 13-units. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

10531 Aurora Avenue N, Seattle

Listing courtesy of Real Property Associates.

$975,000
2550852 MLS ⋅ ACTIVE Status
A good location in a popular Ballard neighborhood, this is a flat corner lot with many possibilities to build. NC255' (Neighborhood Commercial) zoning, 50 X 100 lot allows for mixed use, multi family or commercial. On the corner of 11th Ave NW and NW Market Street with good frontage, visibility and easy access. In an area of growth with newer developments happening nearby. This was planned and partially permitted for a four story 45 unit building, but plans changed. A good opportunity for development to build, lease and keep/resell, or owner user to build and operate a business. Owner financing may be an option with a 3-4 year cashout. A good value for the area.

1103 NW Market Street, Seattle

Listing courtesy of Windermere Real Estate Co..

$1,075,000
2507351 MLS ⋅ ACTIVE Status
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.

807 N 49th Street, Seattle

Listing courtesy of Blake Investment Advisors.

$1,300,000
2485451 MLS ⋅ ACTIVE Status
Reduced Price! DEVELOPMENT POTENTIAL in Freemont ~ Zoned LM1 (M) Residential Lot Size 5,000 sf, Allowed Units 4–6 units depending on design. Possible FAR Up to 1.2 FAR (~6,000 sf), Potential Unit Types include flats, stacked flats, townhouses, row houses & ADUs. 4 principal units + 1–2 ADUs (detached or attached). Max Height 32', depending on configuration. ADUs can be up to ~1,000 sf each (subject to design compliance). Under updated 2025 "Middle Housing" rules, residential lots in Seattle now support a baseline of 4 units, more if next to transit and affordable housing is added to the mix. Buyer to verify all information to their own satisfaction. We are entertaining ALL OFFERS!

4309 Evanston Avenue N, Seattle

Listing courtesy of Windermere Real Estate/HLC.

$645,000
2451540 MLS ⋅ ACTIVE Status
*Price Reduced-This is a permit-ready development lot in Seattle's desirable Northgate neighborhood. The lot is 4,980SF and pre-approved for a 14-unit apartment building (6,474BSF) under LR1(M) zoning. Permitted plans are included with the list price. Multiple unit configurations, bike parking, and sustainable designs conform to different tenant needs. Located near I-5, the Light Rail, Green Lake, and UW, it aligns well with the One Seattle Plan. Demolition and Construction permits are ready for issuance; Master Use Permit issued upon completion. Existing home (720SF, 1bd/1ba, 600sf basement, det. garage) is operated as a short-term rental with strong occupancy and income. Complete this modern and vibrant addition to Northgate or expand the lot your way! New Roof installed in October 2025.

10019 Interlake Avenue N, Seattle

Listing courtesy of KW Greater Seattle.

$18,897,900
2330951 MLS ⋅ ACTIVE Status
NEW URBAN CENTER, PROPOSED ZONING MR-2 (85 ft Height), 7-8 STORIES, 130TH LR STATION OPENING 2026. What if you could go back in time & have an opportunity to develop a neighborhood by Central Park, NYC. This assemblage of parcels is an ideal & timely development opportunity to begin transforming this Seattle neighborhood near the 130th Street Light Rail Station. These parcels are located w/in the new Pinehurst-Haller Lake Urban Center & are being rezoned to Midrise 2 which allows residential structures up to eight stories. Across the street is Northacres Park. Conveniently located minutes away from UW Medical Center, Ingraham High School & new retail & restaurants to be developed. Parcels include functional homes.

NE 130th St Light Rail Assemblage, Seattle

Listing courtesy of KW Everett.

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