Courtesy of Windermere Real Estate/East and NWMLSNWMLS

OverviewEstate Overview - $499,888Closed

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5360 S Wallace, #A & B,

Seattle, WA 98178

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...See More

  • 3 Beds
  • 1 Baths
  • 2150 Sqft
  • Houses

OverviewListing Details

Status:Closed
Original Listing Price: $ 499,888
Listing Date: 02/16/2026
Days on dealty:Was on Dealty for 23 days
County:King
MLS Type:NWMLSNWMLS
Built In:1911
Has HOA:No
Status Change Date:March 11, 2026
Pool:No
Cumulative Days on market:9 days
Last Updated:04/12/2026, 12:15:49 AM
*Please Contact Lister for more information.

FeaturesProperty Features

Design
  • Property subtype: Single Family Residence
  • Construction materials: Wood
  • Roof: Composition
Flooring
    --
Interior Spaces
  • Basement: Unfinished
Bedrooms & Bathrooms
  • 3 - Bedrooms
  • 1 - Bathrooms
Exteriors
  • Exterior features: Wood, Wood Products,
  • View: Territorial
Lot Details
  • Lot size: 0.2406 Acres / 10480 Square feet
  • Topography : Level

AmenitiesAmenities

Utilities
  • Cooling - None
  • Heating - Forced Air
Laundry
    --
Parking
  • Parking Features: Driveway, Off Street, RV Parking

HOAHOA & Financial

Primary HOA
    No
Second HOA
    No
Third HOA
    No

OverviewOpen House

* There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

Schools & Neighborhood

Schools
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Neighborhood
    --

NeighborhoodExplore The Area

Similar HomesSimilar Homes

AgentListing Agent

Agent
Tammy Yao

(Windermere Real Estate/East)

MLS # NWM2480758

5360 S Wallace

Seattle, WA 98178

$499,888
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FOR MORE PHOTOS VISIT
https://www.dealty.ai/buy/home/5360-s-wallace-a-b-seattle-wa-98178
Bedrooms
3
Bathrooms
1
Approx sqft
2150
Year Built
1911
Lot Size
10480 sqft/ 0.241 acres

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! ...(Visit the link to Get more info)

AGENT CONTACT

Northwest Multiple Listing Service

Based on information submitted to MLS Grid as of 04/12/2026, 12:15:49 AM. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used solely to identify prospective properties that consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed by MLS Grid. All information should be independently reviewed and verified. Open house information is subject to change without notice. Properties may or may not be listed by the office or agent presenting the information.