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$4,500,000 Just Listed

  • For Sale
  • Active
  • Industrial
  • Updated 1 day ago
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These strategically positioned parcels with leased 3384sf office building offer a unique opportunity to develop a Middle Housing, Multifamily or Mixed-use project adjacent to the Mount Baker light rail station. Combined, these fully fenced parcels total 16,200sf and are situated within the popular Mount Baker neighborhood. The impressive growth in the area is a testament to the site's exceptional location and proximity to Seattle's employment centers. Zoned SM-NR 95 (M), a feasibility study has been conducted by Caron Architecture envisioning the development of an 8-story building housing up to 125 multifamily units. Recent Middle Housing zone upgrades have increased the opportunity to develop affordable housing alternatives on this site also. Sale and Lease-Back terms are negotiable so don't miss this!

Full Property Details for 3207 Rainier Ave S

General

  • Price: $4,500,000
  • Taxes: $25,027 (2025)
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2501253
  • Updated: 4/13/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Short Term: Yes

Parking

  • Uncovered Spaces: 32

Location

  • Area: 380 - Southeast Seattle
  • County: King
  • Subdivision: Mt Baker
  • Driving Directions: From Downtown Seattle, Head northwest toward Madison St. Take Rainier Ave S.

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Exterior Const.: Brick
  • Roof: Flat
  • Office: 3,384 Sq. Ft.
  • Year Built: 1955
  • Property Condition: Good

Lot Features

  • Lot Size (Acres): 0.3719
  • Lot Size (Sq. Ft.): 16,200
  • Lot Size Source: KCR
  • Lot Dimensions: Rectangular
  • Topography: Level
  • Zoning: Multi-Family, Residential, See Remarks

Financial Considerations

  • Tax Amount: $25,027
  • Tax Year: 2025
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: None
  • Surveyed: true
  • Property ID: 1282300310
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 3207 Rainier Ave S —

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Schools serving 3207 Rainier Ave S

School District:Seattle School District
NameGradesDistance
John Muir Elementary School, Seattle, WA
3301 South Horton Street, Seattle, WA 98144
PK-50.2 mi
Washington Middle School, Seattle, WA
2101 South Jackson Street, Seattle, WA 98144
6-81.7 mi
Franklin High School, Seattle, WA
3013 South Mount Baker Boulevard, Seattle, WA 98144
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3207 Rainier Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Listed
$4,500,000
400%
MLS
12/03/2004
Sold
$900,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3207 Rainier Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,024
106%
$825,100
4%
2024
$8,252
11%
$790,000
—
2022
$7,449
-8%
$790,000
2%
2021
$8,110
4%
$773,000
2%
2020
$7,830
20%
$756,100
9%
2019
$6,541
-6%
$694,400
7%
2018
$6,966
6%
$651,000
2%
2017
$6,591
-1%
$639,600
—
2016
$6,686
3%
$639,600
—
2015
$6,488
-8%
$639,600
—
2014
$7,085
—
$639,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3207 Rainier Avenue S, Seattle, WA 98144 (MLS# 2501253) is a Industrial property. 3207 Rainier Avenue S is currently listed for $4,500,000 and was received on April 13, 2026. This property is listed by Samuel Piha from our Mercer Island Office.Want to learn more about 3207 Rainier Avenue S? Do you have questions about finding other Industrial real estate for sale in Broadway? You can browse all Broadway real estate or contact a Coldwell Banker agent to request more information.

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