3740 S 142nd Street, Tukwila, WA 98168

Property Description

This property represents a premier land bank opportunity, combining immediate rental income with massive future development upside. Existing 3-bedroom home is clean, livable, and rentable, making an ideal asset to hold while you finalize long-term plans. With new roof and mini-split heating/cooling system, home is low-maintenance and ready to be occupied or rented immediately. For investor, current house provides steady cash flow to offset holding costs. Estimated rent $2,500 per month. Solid condition and updated systems ensure high tenant demand and minimal near-term capital expenditures. The true value is the supercharged Neighborhood Commercial Center (NCC) zoning. Under Tukwila's recent 2025 code updates, the development potential has been significantly expanded to favor high-density, transit-oriented projects. New standards allow for 60-foot height limits, zero-foot setbacks, and reduced parking requirements, giving developers the flexibility to maximize the entire footprint of the lot for a vibrant mixed-use or multifamily project. Buyer to verify. Ideally located in a pedestrian-focused corridor, this site is perfectly positioned to benefit from Tukwila’s rapid growth. Whether you are looking for a stable rental to add to your portfolio or a high-capacity development site near transit, this property offers a rare "best of both worlds" scenario. Secure a functional income-generator today and capitalize on its extraordinary vertical potential tomorrow.

Listing Status:

Active

Data Last Updated:

April 30, 2026 at 9:19PM

Listing Office:

Skyline Properties, Inc. : 206-522-3400

Listing Agent:

Matthew Reichlin : 206-522-3400

MLS ID:

2513600

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Construction

• General: 43 - Comm/Industrial

Location

• Road/Access: Paved
• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Highline
• County: King

Lot

• Topography: Level
• Zoning: 1610000186
• Restrictions: No Restrictions

Utilities

• Utilities: Electricity ConnectedNatural Gas AvailableElectricity on Property
• Water: AvailableIn StreetOn Property
• Sewer: On Property

Financial

• Source: nwmls