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Listing provided courtesy of FIRST AND MAINNWMLSMLS# NWM2454040MLS Provider
  • 15 views

Rare development opportunity in the heart of Seattle’s rapidly growing Rainier Beach neighborhood. This 14,555 SF parcel is zoned MHA LR3 + SM-RB 85 in a HALA opportunity area, offering strong redevelopment potential for builders and investors alike. City correspondence has confirmed favorable FAR potential and the possibility for dual maximum building heights. The property includes an existing rental home plus a separate garage rental unit, for easy rental income while pursuing permits. Existing month-to-month tenant would like to stay. Positioned on two main thoroughfares with access potential from both sides, the site offers flexibility for future development. Possible Downtown Seattle and Lake Washington views from approximately 35 feet. Located just one block from Link Light Rail, parks, shopping, and neighborhood amenities. Here is your chance to secure a large urban development site in one of Seattle’s fastest-evolving neighborhoods.

Source: NWMLS, MLS#: NWM2454040

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  • Property Type
    Residential
  • Lot
    0.33 acres

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  • Median Age
    38
  • Population Density
    5,537
  • College Educated
    52%
  • Estimated Median Income
    $85,541
  • Estimated Total Home Owners
    10,763
  • Estimated Total Renters
    7,314
  • Owner / Renter Divide
    60% / 40%
  • Estimated Average Household Size
    3
  • Total Population
    49,702
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* 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.

Life at 4519 S Henderson Street

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/16/2026Source: NWMLS Price Reduction
$799,999 -27.3%
11/11/2025Source: NWMLS Added to Database
November 11, 2025
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021