Provided by NWMLS, Bought with Windermere R E Mount Baker and Listed by Tammy Yao, 425-822-5100 at Windermere Real Estate/East

3 Beds

1 Bath

2,150 sqft

$475,000

5360 S Wallace Unit: A & B, Seattle WA, 98178

Price per sqft$220.93

Built in1911

Property size2,150 sqft

Property typeResidential

Overview

Sold

Updated Jul 3

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.

Additional information

MLS^® ID: 2480758

Interior Features

Bedrooms: 3
Bathrooms: 1
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.24 Acres

Other Property Details

Taxes: $6,264
Tax Frequency: Annually
View: Yes
55+/Senior Community: No

Provided by NWMLS, Bought with Windermere R E Mount Baker and Listed by Tammy Yao, 425-822-5100 at Windermere Real Estate/East

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/9/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/9/2026 at 12:33 AM UTC . 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.

Data last updated on 10/9/2026 at 12:33 AM UTC

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