5360 S Wallace St #A & B, Seattle, WA 98178 (MLS # 2480758)
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Listing provided courtesy of Northwest MLS; Windermere Real Estate/East
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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.
| LAST UPDATED | 2/16/2026 | TRACT | Rainier Valley |
|---|---|---|---|
| YEAR BUILT | 1911 | COMMUNITY | Rainier Valley |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Rainier View |
|---|---|
| Jr. High School | Aki Kurose |
| High School | Rainier Beach High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 380 - Southeast Seattle |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Garden |
| HEAT | Electric, Forced Air, Oil |
| LOT | 10481 sq ft |
| LOT DESCRIPTION | Dead End Street, Paved, Value In Land |
| MLS STATUS | Active |
| PARKING | Driveway, Off Street, RV Access/Parking |
| STORIES | 1.5 |
| STYLE | 17 - 1 1/2 Stry w/Bsmt |
| SUBDIVISION | Rainier Valley |
| TAXES | 6264 |
| UTILITIES | Sewer Connected, Sewer Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2/16/26 10:14 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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