This listing courtesy of Karis W. Malagon , Premier Homes and Land
$999,999

917 28th Avenue S, Seattle, WA 98144

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon4,500sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

Please see Virtual Tour #1***THIS IS A PROPERTY BEING SOLD TO APARTMENT/CONDO DEVELOPERS***In Seattle’s zoning code, for Lowrise 2 (LR2) with an M designation, there is a Mandatory Housing Affordability (MHA) overlay. This MHA program allows developers to achieve extra floor area (which can translate to more units) if they either provide affordable housing on-site or pay into the city’s affordable housing fund. Thus, by complying with the MHA requirements, a developer can gain added capacity (height, floor area) and potentially increase the number of units. Specific limits depend on lot size and other code factors. In Seattle's LR2-M zone, the exact height and floor area increase from the M designation depending on the city’s specific MHA tables. Typically, the M designation grants an extra 10 feet of height (e.g., from 40 feet to 50 feet). Floor area ratio (FAR) also increases—often by around 0.5 FAR. On a 4,500 sq ft lot, if the base FAR was, say, 1.2 (allowing 5,400 sq ft of building), an M increase to 1.7 FAR could allow about 7,650 sq ft total. Always confirm with the current city tables, as specifics can vary. This is a guestimate from the Broker and everything needs to be verified Property built before 1978 thus we are warning of Lead Paint (see disclosure phamplet in supplements) IF YOU ARE PLANNING TO DEVELOPE THIS SITE YOU WILL RENTAL INCOME WITH A LITTLE WORK TO SUPPLEMENT THE DEVELOPEMENT COSTS.

Listing Status:
Active
Data Last Updated:
July 5, 2026 at 6:19AM
Listing Office:
Premier Homes and Land : 206-937-4100
Listing Agent:
Karis W. Malagon : 206-937-4100
MLS ID:
2542473
  • Flooring: HardwoodVinylCarpet
  • A/C: Forced AirWindow Unit(s)
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0
  • General: Cement/ConcreteMetal/Vinyl
  • Parking: Parking spaces: 2
  • Roofing: Composition
  • General: 52 - DuplexPoured ConcreteSlab
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Seattle
  • County: King
  • Zoning: 3274800130
  • Water: Public
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Karis W. Malagon , Premier Homes and Land

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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