1403 E Alder Street, Seattle, WA 98122

• 3 beds |
• 1 bath |
• 720 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

September 23, 2026 at 7:19AM

Listing Office:

Windermere Real Estate Co. : 206-789-7700

Listing Agent:

Meghan Nicole Waddle : 509-391-5238

MLS ID:

2583937

Interior

• Appliances: RefrigeratorStove(s)/Range(s)Washer
• Basement: Partially Finished
• Flooring: HardwoodVinylCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: WoodWood Products
• Parking: Parking spaces: 0

Construction

• Roofing: Composition
• General: OneBlock

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Topography: Level
• Zoning: 7942602205
• View: CityView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls