$1,700,000
Est. $8,623/mo601 21st Avenue, Seattle, WA 98122
• Listed 2026-05-28•New today
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About this home
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI
Listed by Trevor Asay • Asay Realty
Listing updated: May 28, 2026 at 04:31pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2530638
Around this home
Schools
Ratings via SchoolDigger- School #541036682Public · Grades K-5 · 6.1 mi · State rank 701 of 1,0001/10
- School #2095171837Public · Grades 6-8 · 4.3 mi · State rank 948 of 1,0004/10
- School #1212287754Public · Grades 9-12 · 5.9 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
Sold comparable homes
5 recent nearby sales, priced between $275K and $420K.
Property details
Mortgage payment forecast
$10,323 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Lifestyle
8.4/10
Very Walkable
Most errands can be done on foot
9.7/10
Biker's Paradise
Flat as a pancake, excellent bike lanes
6.7/10
Good Transit
Many nearby transit options
Provided by Walk Score
Ask about this home
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Market pulse
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 43 days.
Recent sales nearby
Within 1 mile · last 6 months$3,100 Sold
7 weeks ago
3 bd•Single Family
1920 E Jefferson Street #b, Seattle, WA 98122
0%
Over list
—
Days on market
0.1 mi
Distance
$700,000 Sold
8 weeks ago
2 bd•2 ba•~967 sq ft•Single Family
1120 16th Avenue #c, Seattle, WA 98122
0%
Over list
—
Days on market
0.4 mi
Distance
$699,000 Sold
8 weeks ago
2 bd•1 ba•~1,365 sq ft•Single Family
1508 #b 18th Ave #b, Seattle, WA 98122
0%
Over list
—
Days on market
0.5 mi
Distance
$715,000 Sold
4 months ago
3 bd•2 ba•~1,208 sq ft•Single Family
917 23rd Avenue, Seattle, WA 98122
0%
Over list
—
Days on market
0.3 mi
Distance
$930,000 Sold
4 months ago
4 bd•1 ba•~1,700 sq ft•Single Family
150 24th Avenue, Seattle, WA 98122
2%
Under list
—
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 29, 2026 at 12:12 PM PDT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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