5360 S Wallace A & B

Seattle, WA 98178
  • $499,888

    Price
  • 3

    Bed
  • 1

    Bath
  • 2,920

    SqFt

About the Listing 6393 - 117754,79753

INVESTOR AND DEVELOPER ALERT! Unlock the massive potential of this rare South Seattle find in the historic Hillman’s Meadow Gardens. This unique offering includes 2 structures on a condominimiumized lot: A Craftsman-style fixer as the primary residence that is 2,150 gross sqft, and a 770 sqft fully detached structure. Together they are sited on a lot that already has 2 separate legal descriptions. With a survey sketch available and the condominiumization complete, the possibilities are endless! This condominiumized property offers a compelling value-add opportunity with multiple high-yield exit strategies. Flip both units and sell separately for maximum resale value, rehab both and sell one off to hold the other as a rental with limited carrying costs, or renovate and sell the entire package to deliver a turnkey lifestyle investment. However you structure it, each scenario presents strong margin potential and flexible capital deployment, making this an attractive play for both short-term gains and long-term yield. Located in a charming, established neighborhood known for its large lots and mature landscaping, you are just minutes from MLK Jr. Way S, Skyway, shopping, and major transit hubs. Bring your builder and your vision to this centrally located gem and secure a rare footprint in a high-demand South Seattle pocket. Private Money Lender for Investment buyers only, pre-approved for 10-20% down OAC.

Listing Highlights

Status Active
Days on Site 7
Property Type Residential
MLS ® 2480758
Year Built 1911
Total Square Footage 2,920
Lot/Acreage 0.24
County King
Building Name HILLMAN'S MEADOW GARDENS
Neighborhood Rainier Valley
School District Seattle
Elementary School Rainier View
Middle School Aki Kurose
High School Rainier Beach High

Interior Details

  • Bedrooms: 3
  • Bathrooms: 1 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces: 0
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement: Unfinished
  • Other: Master on Main
  • Water: Public

Exterior Details

  • Lot Description: Dead End Street,Paved,Value In Land,Built On Lot,Fenced-Partially,RV Parking
  • Garage Capacity: N/A
  • Parking Spaces: 0
  • Roof: Composition
  • Others: Wood,Wood Products,Fixer
  • Sewer: Available,Sewer Connected
  • Parking Features: Driveway,Off Street,RV Parking

Financial Details

  • Tax Amount: $6,264
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 3348401430
  • Tax Year: 2025

Payment Calculator

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5360 S Wallace A & B Seattle, WA 98178

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Originating MLS: nwmls

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