601 21st Avenue, Seattle, WA 98122 (MLS # 2530638)
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Listing provided courtesy of Northwest MLS; Asay Realty
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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
| LAST UPDATED | 5/28/2026 | TRACT | Capitol Hill |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Capitol Hill |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | 390 - Central Seattle |
|---|---|
| HEAT | None |
| LOT | 3598 sq ft |
| MLS STATUS | Active |
| STYLE | 42 - Multi-Family |
| SUBDIVISION | Capitol Hill |
| TAXES | 678 |
| UTILITIES | Electricity Connected, Natural Gas Available, Sewer Available |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/29/26 1:38 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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