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742 S Director St
Listing Notes
Positioned in the heart of South Seattle, this exceptional development opportunity offers outstanding potential in a highly accessible location just minutes from Highway 99 and I-5. The property is ideally suited for a six-unit project and comes with much of the preliminary work already completed, creating a rare chance for builders, investors, and developers to move forward with confidence. A survey has been completed, preliminary site planning and unit design are in place, and the project is ready to be submitted to the county for permits so construction can begin. With sewer available and electrical, gas, and water already on site, this parcel is well positioned for efficient development. The property has also been perked and will include all onsite drainage, helping simplify the next phase of the process. Adding even more value, the existing home is in good condition and offers flexibility for interim rental income while permits are being processed. Rear access is available and only needs to be cleared, providing added convenience for future site use and construction planning. This is a standout opportunity to secure a property with strong upside, essential infrastructure in place, and a clear path toward development in a desirable South Seattle location. Whether you are looking to build, invest, or hold for future growth, this property offers a rare combination of location, readiness, and potential.
Market Insights
$901/sqft vs a nearby median of $437/sqft.
- +106% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 760 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 50.4% above where comps + adjustments land — there is room to negotiate.
- Pre-war character+$8k +2.5%
- Sparse street life−$5k −1.5%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 1 day
- Last price change
- No change recorded
- Listed
- May 11, 2026
- Photos
- 40 photos
- Property type
- single family
- Status
- for sale