Great corner lot for townhomes on an alley, 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center. The 5900sf lot is perfect for developing 5 townhomes under LR1 (M) zoning. Current permitting allows 1 unit per 1,150sf under this zoning. The current apartment houses have four units that are 2 bedroom 1 bath each which currently produce an annual NOI of $63,814 while permitting. Apartments have washer/dryers and there are 4 parking spots off of the alley. Please do not bother the Tenants.
Sold
Listed by:
Richard Riley,
Ewing & Clark, Inc.
Bought with: ZNonMember-Office-MLS
$1,225,000
3315 W Ruffner Street, Seattle, WA 98199
--beds
--baths
5,898.02Square Feet
Unimproved Land
Built in ----
5,898.02 Square Feet Lot
$1,292,400 Zestimate®
$--/sqft
$3,139 Estimated rent
Home value
$1,292,400
$1.07M - $1.54M
$3,139/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 22, 2025 at 12:19pm
Listed by:
Richard Riley,
Ewing & Clark, Inc.
Bought with:
Non Member ZDefault
ZNonMember-Office-MLS
Source: NWMLS,MLS#: 2250709
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 5,898 sqft
- Dimensions: 50 x 118
- Topography: Level
Details
- Parcel number: 6821101845
- Zoning: LR1 (M)
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: On Property
- Sewer: Available
- Water: Available, Jurisdiction: Seattle
- Utilities for property: Electricity Connected, Natural Gas Available
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Magnolia
Other
Other facts
- Listing terms: Cash Out
- Cumulative days on market: 341 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2025 | Sold | $1,225,000-15.5% |
Source:  NWMLS #2250709 Report a problem | ||
| 2/7/2025 | Pending sale | $1,450,000 |
Source: NWMLS #2257616 Report a problem | ||
| 1/22/2025 | Listed for sale | $1,450,000+141.7% |
Source: NWMLS #2250709 Report a problem | ||
| 9/10/2004 | Sold | $600,000+84.6% |
Source: NWMLS #24074066 Report a problem | ||
| 10/10/1997 | Sold | $325,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,716 +12.5% | $1,189,000 +11.1% |
| 2023 | $10,418 +2.8% | $1,070,000 -8.1% |
| 2022 | $10,139 +9.5% | $1,164,000 +19.4% |
Find assessor info on the county website
Neighborhood: Magnolia
Nearby schools
GreatSchools rating
- 6/10Lawton Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10McClure Middle SchoolGrades: 6-8Distance: 2.2 mi
- 10/10Ballard High SchoolGrades: 9-12Distance: 2.1 mi