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927 NW 57th St 0.11 Acres of Commercial Land Offered at $1,400,000 in Seattle, WA 98107
Investment Highlights
- Approved and shovel-ready
- Fully permitted 26-unit apartment project offering a low-risk, shovel-ready opportunity for developers or investors.
- Thoughtful architectural design with efficient unit layouts, bike storage, outdoor spaces, and modern facades.
- Proximity to major transit, job centers, retail, and restaurants enhances long-term investment appeal.
- Located in Ballard Urban Village, which eliminates parking requirements and attracts strong rental demand.
- In-demand neighborhood known for its walkability, diverse amenities, and recent residential transformations.
Executive Summary
Property Facts
| Price | $1,400,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Property Type | Land | ||
| Zoning | LR2 (M1) | ||
| Price | $1,400,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.11 AC |
| Zoning | LR2 (M1) |
1 Lot Available
Lot
| Price | $1,400,000 | Lot Size | 0.11 AC |
| Price Per AC | $12,727,272.73 |
| Price | $1,400,000 |
| Price Per AC | $12,727,272.73 |
| Lot Size | 0.11 AC |
Description
This shovel-ready multifamily development opportunity is located in Ballard Urban Village, one of Seattle’s most desirable submarkets. The property comes fully entitled and permit-ready for a 4-story, Type V-A construction apartment project including 26 micro-units (SEDU) designed for strong rent-per-square-foot performance. Unit sizes range from approximately 225 to 330 square feet and include built-in efficiency, indoor bike storage, shared outdoor amenities, and integrated landscaping. The site benefits from zero parking requirements, reducing construction costs and complexity. Architectural plans optimize rentable space while meeting or exceeding Seattle building standards. The entitlement process is complete with Design Review and SDCI corrections approved, allowing for immediate development. No MHA fee is required. Situated near major employment hubs, retail corridors, public transit, and everyday amenities, this address offers access to entertainment, grocery, and lifestyle services. Its central Ballard location ensures connectivity to South Lake Union, downtown Seattle, and the broader regional job base.
Property Taxes
| Parcel Number | 276810-0025 | Improvements Assessment | $0 |
| Land Assessment | $1,203,000 | Total Assessment | $1,203,000 |
Property Taxes
Contact the Sale Advisor
927 NW 57th St