5360 S Wallace #A & B Seattle WA 98178 MLS #NWM2480758

MLS #NWM2480758 image #0
Listing Provided Courtesy of Windermere Real Estate/East
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.
Current real estate data for Single Family in Seattle as of Feb 24, 2026
1,526
Single Family Listed
62
Avg DOM
612
Avg $ / SqFt
$1,207,281
Avg List Price

Property Details

Price:
$499,888
MLS #:
NWM2480758
Status:
Active
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Rainier Valley
Neighborhood:
380southeastseattle
Listed Date:
Feb 16, 2026
Finished Sq Ft:
1,300
Total Sq Ft:
2,150
Lot Size:
10,480 sqft / 0.24 acres (approx)
Year Built:
1911
CraftsmanHillman’s Meadow Gardens380 – Southeast Seattle380southeastseattleRainier ValleySeattleRainier ViewAki KuroseRainier Beach HighTerritorial

Schools

School District:
Seattle
Elementary School:
Rainier View
Middle School:
Aki Kurose
High School:
Rainier Beach High

Interior

Bathrooms
1 Full Bathroom
Cooling
None
Heating
Forced Air

Exterior

Architectural Style
Craftsman
Construction Materials
Wood
Exterior Features
Wood, Wood Products
Parking Features
Driveway, Off Street, RV Parking
Roof
Composition
Security Features
Partially Fenced

Financial

Tax Year
2025
Taxes
$6,264

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Property Summary

    Located in the Rainier Valley subdivision, 5360 S Wallace #A & B Seattle WA is a Single Family for sale in Seattle, WA, 98178. It is listed for $499,888 and features 3 beds, 1 baths, and has approximately 1,300 square feet of living space, and was originally constructed in 1911. The current price per square foot is $385. The average price per square foot for Single Family listings in Seattle is $612. The average listing price for Single Family in Seattle is $1,207,281. To schedule a showing of MLS#nwm2480758 at 5360 S Wallace #A & B in Seattle, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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