3421 Rainier AveSeattle, WA 98144

This exceptional 7,200 sq ft development site, located at 3421 Rainier Ave S, Seattle, WA 98144 (APN 128230-1410), presents a fully permitted opportunity for a 69-unit multifamily project. Zoned C1-75, the site is fully shovel-ready, with a building permit already issued. The approved plans include 69 residential units and 763 square feet of commercial space. A significant advantage is the exemption from Mandatory Housing Affordability (MHA) requirements and fees. This prime location offers convenient access to public transportation, being less than a 10-minute walk from the Mount Baker Light Rail Station, providing easy connectivity throughout Seattle, including SeaTac Airport, Downtown Seattle, the University of Washington, and Northgate. The surrounding area boasts a strong economic profile, with Seattle's average household income at $171,000 and a median household income exceeding $115,000. The median home value in the 98144 zip code is $831,008, indicating a robust and desirable market for this development. This is a rare opportunity to capitalize on a fully permitted, shovel-ready project in a high-demand Seattle location. The asking price is $1,895,000.