Property Details
5222 -36 Delridge Way SW
Seattle, WA 98106
$3,500,000
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Property Overview
Strategically positioned along West Seattle’s rapidly evolving Delridge corridor, this rare 5 parcel assemblage (approx. 23,760 SF) delivers scale, zoning, and income in one offering. NC2P 55(M) zoning invites a true midrise vision—up to five stories of residential over active ground floor commercial—right in the path of ongoing growth, infrastructure investment, and neighborhood revitalization. The property currently features 15 apartment units, with a mix of rented and vacant homes that provide immediate cash flow, upside through lease up, and flexibility during design and entitlement. Generous frontage, strong visibility, and easy access to the RapidRide H Line connect future residents to jobs, services, and the core city, while the forthcoming West Seattle light rail will further enhance long term demand and exit strategies. Assemblages of this size and quality are increasingly hard to find. Whether your plan is mixed use, all residential, or a phased redevelopment, this site checks the boxes: scale, zoning, transit, and story. Bring your architect, your vision, and your preferred builder—Delridge’s next signature project starts here.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Delridge
Listed
Mar 25, 2026
Financial Summary
Net Operating Income
$39,933
Gross Scheduled Income
$54,480
Gross Rent Multiplier
64.00
Total Expenses
$94,413
Vacancy Rate
66.0%
Building & Use
Building Sq Ft
8,682
Leasable Area
8,682 sqft
Total Units
15
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
23,762 sqft
Year Built
1966
Exterior & Lot
Lot Size
0.55 sqft
Year Built
1966
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Cul-De-Sac, Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Seattle
County
King
Coordinates
47.55430, -122.36255
Additional Information
Tax Year
2026
Annual Taxes
$31,940
Possession
Array
