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    • Real Property Associates, Inc.
      7500 Roosevelt Way NE
      Seattle, Washington 98115
      (206) 523-0300

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    Northwest Multiple Listing Service

    The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.

    Based on information submitted to the MLS GRID as of 2026-02-16 22:55:29. 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.


    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, that the data is deemed reliable but is not guaranteed by MLS GRID.

    The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

    Copyright 2024 Northwest Multiple Listing Service. All rights reserved.

    $499,888
    For Sale

    5360 S Wallace #A & B

    Seattle, WA 98178
    2150 sqft | 3 beds | 1 bath | 0.24 acres | #2480758
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    Listing OfficeWindermere Real Estate/East
    5360 S Wallace #A & B
    25 photos
    Type:Purchase
    Structure:House
    Zone:Residential

    Description

    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.

    • Property Details
        • Lot DescriptionDead End Street, Paved, Value In Land
        • Exterior FeaturesFenced-Partially, RV Parking
        • Sewer InformationAvailable, Sewer Connected
        • Property SubtypeSingle Family Residence
        • Style17 - 1 1/2 Stry w/Bsmt
        • FoundationPoured Concrete, Slab
        • Exterior MaterialsWood, Wood Products
        • High SchoolRainier Beach High
        • Date ListedFebruary 16, 2026
        • SubdivisionRainier Valley
        • Elementary SchoolRainier View
        • ViewTerritorial
        • BasementUnfinished
        • Middle SchoolAki Kurose
        • Property TypePurchase
        • Original List Price$499,888
        • Cost499888.0
        • School DistrictSeattle
        • MLS #2480758
        • MLS #2480758
        • Acres0.2406
        • Square Feet2150.0
        • Utility SourcePublic
        • Taxes Annual$6,264
        • Structure TypeHouse
        • Property ConditionFixer
        • Year Built1911
        • CountyKing
        • Bathrooms1.0
        • Hoa Fees0.0
        • Bedrooms3
        • Full Baths1
        • Days on Market (Cumulative)1

    Location

    Legal

    The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.

    Based on information submitted to the MLS GRID as of 2026-02-16 17:44:11. 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.


    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, that the data is deemed reliable but is not guaranteed by MLS GRID.

    The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

    Copyright 2024 Northwest Multiple Listing Service. All rights reserved.

    Last Updated: Today at 3:35 PM. Source: NWMLS

    Provided By
    Listing Agent: Tammy Yao (#NWM117754)
    Listing Office: Windermere Real Estate/East (#NWM6393)

    Victoria OrmsbyReal Estate Group
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