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Ardivus Brivity

Sooper Dooper Guy | Template Draper

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7818 NE Lake City Way NE , Seattle, WA 98115
$840,000
Est. Payment: $4,076.63/mo
3 Bed
2 Bath
1920 Sqft
Status: active | Days on site: 48
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

ATTN Developers, Builders, & Investors! An exceptional, high-density development opp a/w in Lake City urban corridor. Offer for the first time, 7818 & 7822 Lake City Way combined, near-level ~9,000 SF footprint primed for a mid-rise, mixed-use project. Featuring robust C1-55 zoning w/ an allowable 3.75 FAR, provides a clear, predictable pathway to construct. a 6-story bldg. Prelim Feasibility highlights an ideal yield of up to 42 RES units (suited for studios/1-bdrm) ground-floor commercial use. Take advantage of Seattle’s 4-foot gnd-fl height bonus to max. ceiling & views, utilizing UG parking entry. Strong local rental demand, prime eligibility for Seattle's 12 year Multi-family Tax Exemption (MFTE) program to max. your post-stabilization yields. while you clear your master use permits (MUP). Buyer to verify all feasibility and zoning constraints to their satisfaction. Total Lot Size: Approx. 9,000 SF (Combined dual-parcel assemblage) Zoning: C1-55 (Commercial 1, 55’ base height limit) Development Capacity: Up to 33,750 gross buildable SF under a 3.75 FAR Pro-Forma Optimization: High-velocity rental sub-market with excellent financial metrics leveraging Seattle's 12-year MFTE property tax exemption.6-story building featuring ground-floor commercial retail and 5 levels of multifamily housing (up to 42 units). Covered Land Play: Existing residential structures offer immediate holding rental cash flow during the architectural and permitting phases.
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Highlights

Listed by Diane Li , 206-525-5235 Kelly Right RE of Seattle LLC , 206-525-5235. Northwest Multiple Listing Service

Property Type

Residential
Lot/Acreage
0.1

Year Built

1925

County

King

Area

710 - North Seattle

 Neighborhood

Ravenna

 School District

Seattle

Listing ID

2514400

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Washer(s)
Air Cond:Forced Air
Fireplaces:Gas,1 Fireplace
Floor:Hardwood
Basement:Finished
Other:Dining Room,Fireplace,French Doors,Water Heater,Master on Main
Other:SPU

Exterior Features

Lot:Alley,Paved,Sidewalk,Built On Lot,Fenced-Fully,Gated Entry
Lot Dimensions:4478
Garage Capacity:180
Roof:Composition
Others:Cement/Concrete,Average
Sewer:SPU
Parking Features:Detached Garage
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$4,077
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$920

Home Price

$840,000

Home Price

Loan Details

30 yrs
6.11%

Interest Rate

Loan Type

Down Payment

20%
$168,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,076.63

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,076.63 $919.72 $0.00 $4,996.34
Yearly $48,919.52 $11,036.60 $0.00 $59,956.12
Total $1,467,585.58 $331,098.00 $0.00 $1,798,683.58
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Seattle, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-06-30T00:38:12.000Z

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