For Sale379d on market
5520 University Way NE
Seattle, WA, 98105 • University District • King County
$2,999,950
0.17 acLot
Property DNA
Territorial Views
Territorial
Comm/Industrial Style
Comm/Industrial architecture
University District
University District
Market activity
Demand and pricing signals for this listing
47 views
People checking out this listing
2 saves
Buyers have saved this home
379 days on market
Established listing
About this home
Lot
Discover an exceptional development opportunity located in the vibrant heart of the U-District. Situated just blocks away from the University of Washington and the new Roosevelt light rail station, this property offers unparalleled convenience & connectivity. This location promises a dynamic urban lifestyle w/proximity to Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joes, bars & eateries. The 7440 sf lot is currently zoned NC2P-40, in future up zone area of U-District! Seize the opportunity with this ideal development site. Not only a prime location, and w/possible height limit increasing from 40' to 65'. Whether you are looking to invest in student housing, retail or mixed use, this site holds immense potential!
Estimated monthly payment
Based on current rates
$18,680/month
Principal & Interest$14,680
Property Tax$3,000
Insurance$1,000
Down payment20% ($599,990)
3%50%
Est. 6.19% rate · 30yr fixed · $2,399,960 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
StyleComm/Industrial
Systems
Water / SewerAvailable, In Street, Jurisdiction: SPU / In Street
Parking & Outdoor
Lot7,440 sqft
Location & Tax
NeighborhoodUniversity District
ZoningNC2P-40
Annual tax$22,021
Parcel8714600055
Features & details
4 categories of property features
Exterior Features
Lot Features
Curbs
Open Lot
Paved
Sidewalk
Views
Territorial
Utilities
Electricity Available
Natural Gas Available
Gas
In Street
Listing insights
Market data and value estimates
StatusFor Sale
Days on market379
Est. rent$3,102/mo
Tax rate0.82%
On marketMar 22, 2025
PostedMar 23, 2025
MLS statusActive
MLS updatedMar 25, 2026
Tour days6
Views47
Favorites2
How are the schools in Seattle?
3 schools rated nearby
Location
Seattle, WA, 98105
Price history
1 event
DateEventPrice$/sqftSource
Mar 26, 2026Listed For Sale$2,999,950—NWMLS as distributed by MLS GRID
Listed For Sale$2,999,950
Mar 26, 2026•NWMLS as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Seattle, WA • King County
Nearby neighborhoods
AdamsCapitol HillFirst HillFremontGreenwoodMagnoliaMinorRavennaUniversity DistrictWallingford
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040981039810598109981159811798118981229812598133
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Based on information submitted to the MLS GRID as of 2026-04-07 06:23:30 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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