James & Angie Smith

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Listing provided courtesy of AgencyOneNWMLSas Distributed by MLSGrid- MLS# NWM2330431MLS Provider

0 S Director & 48th Avenue SSeattle, WA 98118

Vacant Land · 0.55 Acres
$965,000 Pending Feasibility

0 S Director & 48th Avenue S Overview

Visits:
5

Rare Development Opportunity in Rainier Beach! First time on the market in 26 years, this 6-lot assembly spans over half an acre and is one of the last multi-lot development sites in this rapidly growing community. Zoned LR2 (M), allowing for a variety of multifamily housing types, including townhomes, row houses, and apartments. Infrastructure is already in place with water meter boxes set and three sewer stubs ready for easy city connection. The property is conveniently located just blocks from Lake Washington, light rail, shopping, and Kubota Garden, with quick access to I-5. New fencing included. Don’t miss this prime investment opportunity in one of Seattle’s most promising neighborhoods!

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0 S Director & 48th Avenue S Facts & Features

  • Type Vacant Land
  • Lot 0.55 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Aki Kurose
  • High School: Rainier Beach High

Building Information

  • Building Name: Dunlaps Plat on Lake Washington

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 380 - Southeast Seattle
  • Subdivision Name: Rainier Beach

Tax Information

  • Tax Annual Amount: $10,511.00
  • Tax Year: 2024

General Information

  • Listing Terms: Cash
  • Parcel Number: 2123700444
  • Possible Use: Multi-Family
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0

Exterior

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Paved
  • Lot Size Acres: 0.554
  • Lot Size Square Feet: 24134
  • Lot Size Units: Square Feet
  • Property Features: Brush
  • Road Surface Type: Paved
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: In Street, On Property

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Structure Type: None

General Information

  • Carport: No
  • Electric On Property: No
  • Sewer: Available, On Property
  • Utilities: Electricity Available, Natural Gas Available

0 S Director & 48th Avenue S Neighborhood

Community

98118 (SEATTLE) Demographics

38
Median Age
5,537
Population Density (per sq. mile)
52%
College Educated
$85,541
Estimated Median Income
10,763
Estimated Total Home Owners
7,314
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

0 S Director & 48th Avenue S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

0 S Director & 48th Avenue S Market Data

Based on the last 30 days in this zip code

$819,485
Average List Price
$485
Average Price per Square Foot
36
Properties Sold
67
Average Days on Market
210
Properties for Sale
Calculations provided by Reliance Network

0 S Director & 48th Avenue S History

Date Event Value Agent
5/31/2026Source: NWMLS Status Change
Pending Feasibility
5/11/2026Source: NWMLS Price Reduction
$965,000 -12.3%
3/14/2025Source: NWMLS Price Reduction
$1,100,000 -21.3%
2/7/2025Source: NWMLS Added to Database
February 07, 2025