$4,500,000
Est. $22,802/mo3207 Rainier Avenue S, Seattle, WA 98144
• Listed 2026-04-13•28 days on market
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These strategically positioned parcels with leased 3384sf office building offer a unique opportunity to develop a Middle Housing, Multifamily or Mixed-use project adjacent to the Mount Baker light rail station. Combined, these fully fenced parcels total 16,200sf and are situated within the popular Mount Baker neighborhood. The impressive growth in the area is a testament to the site’s exceptional location and proximity to Seattle’s employment centers. Zoned SM-NR 95 (M), a feasibility study has been conducted by Axis/Caron Architecture envisioning the development of a 5-8-story building housing up to 125 MF or Condominium units. Recent zoning upgrades have increased the opportunity to develop affordable housing alternatives on this site also. Sale and Lease-Back terms are negotiable so don't miss this!
Listed by Keith McKinney • Realogics Sotheby's Int'l Rlty
Listing updated: May 15, 2026 at 11:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2501253
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3207 Rainier Avenue S, Seattle, WA 98144
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 15 days.
$685,000 Sold
2 months ago
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2%
Under list
—
Days on market
0.8 mi
Distance
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Under list
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Days on market
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Distance
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2%
Over list
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Days on market
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Distance
$390,000 Sold
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Under list
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Days on market
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0%
Over list
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Days on market
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
