5360 S Wallace A & B Seattle, WA 98178
Listing Courtesy of: MLS LogoNorthwest MLS / Windermere Real Estate East, Inc. / Tammy Yao / Windermere Real Estate / East, Inc. / Jim Melgard

  5360 S Wallace A & B Seattle, WA 98178

Active
$499,888 (USD)
3
BED
1
BATH
2,150
SQFT

Description

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.

MLS #:
2480758
Taxes
$6,264(2025)
Lot Size
10,480 SQFT
Type
Single-Family Home
Building Name
Hillman's Meadow Gardens
Year Built
1911
Style
1 1/2 Stry W/Bsmt
Views
Territorial
School District
Seattle
County
King County
Community
Rainier Valley

Listed By

Tammy Yao, Windermere Real Estate East, Inc.
Jim Melgard, Windermere Real Estate / East, Inc.
Source
Northwest MLS as distributed by MLS Grid
Last checked Feb 17 2026 at 12:32 AM PST
Bathroom Details
  • Full Bathroom: 1
Subdivision
  • Rainier Valley
Lot Information
  • Dead End Street
  • Paved
  • Value In Land
Property Features
  • Rv Parking
  • Fenced-Partially
  • Fireplace: 0
  • Foundation: Poured Concrete
  • Foundation: Slab
Heating and Cooling
  • Forced Air
Basement Information
  • Unfinished
Exterior Features
  • Wood
  • Wood Products
  • Roof: Composition
Utility Information
  • Sewer: Available, Sewer Connected
  • Fuel: Electric, Oil
School Information
  • Elementary School: Rainier View
  • Middle School: Aki Kurose
  • High School: Rainier Beach High
Parking
  • Rv Parking
  • Driveway
  • Off Street
Stories
  • 1
Living Area
  • 1,300 sqft
Additional Listing Info
  • Buyer Brokerage Compensation: 2.5
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2/16/26 16:32. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. 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.