2614 E Pike Street

Renovate or redevelop - there’s value in this wonderfully located property! Sited on a quiet, sunny block in the Capitol Hill/Central District corridor, blocks to transit, groceries, and parks. Territorial views. Level, NR3-zoned 3,000 sq ft corner lot with existing home offers flexible options for builders, investors, or project-oriented buyers. Home is a 2-story legal duplex with one unit on each floor, each with their own entrance. Also lives easily as a single-family home, with an interior stairwell that connects the units. Main level features 2 bedrooms, 1 bath, fireplace, hardwood floors, functional layout, and opportunity for cosmetic updates. Laundry room can be utilized by upper and lower units. Daylight basement has full bath with soaking tub, wet bar, and multiple possible bedrooms and living areas. Lower level is finished, but needs new flooring. Full kitchen can be easily added. Lower level ceiling height may not be to current code. Home systems including roof are functional. Knob and tube wiring is present. Additional storage in attic and exterior storage sheds. Off-street parking available on alley and/or street sides, with minor modifications. Development options: Per City of Seattle DCI, property qualifies for up to 6 permitted units (vs. the standard 4 units, due to 1 block proximity from to a major transit stop). Lot dimensions of 75x40'. Floor area ratio of 5,400 sq ft. Rare chance to secure a corner lot with upside in a highly desirable neighborhood.