Property Details
1306 S Bayview Street
Seattle, WA 98144
$1,295,000
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Property Overview
North Beacon Hill development site, zoned LR3 urban village and situated on a 7,610 SF lot. This covered land play presents a unique income-producing development opportunity with the existing duplex that currently generates $63,000 in gross annual income, providing immediate cash flow for investors during the pre-development or entitlement process. The site supports higher density residential or mixed-use development. The zoning flexibility allows for long-term appreciation through redevelopment while retaining near-term income from the existing duplex. This dual profile makes the offering attractive to both investors seeking cash flowing assets and developers targeting urban infill opportunities.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Beacon Hill
Listed
Sep 30, 2025
Structure Type
Duplex
Parcel Number
9122000236
Tax & HOA
Annual Property Tax
$12,083 (2025)
Est. Monthly Tax
$1,007/mo
Financial Summary
Cap Rate
3.00%
Net Operating Income
$39,848
Gross Scheduled Income
$63,594
Gross Rent Multiplier
20.40
Total Expenses
$23,476
Building & Use
Building Sq Ft
2,820
Leasable Area
2,810 sqft
Total Units
2
Zoning
Multi-Family,Residential,See Remarks
Possible Use
Multi-Family, Residential, See Remarks
Lot Size
7,610 sqft
Year Built
1954
Exterior & Lot
Lot Size
0.17 sqft
Year Built
1954
Exterior Materials
Brick
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Value In Land
Exterior Features
Brick
Community & Access
Directions
GPS
Location
City
Seattle
County
King
Coordinates
47.58122, -122.31561
Additional Information
Tax Year
2025
Annual Taxes
$12,083
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
