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.
Property Details
Price:
$499,888
MLS #:
NWM2480758
Status:
Pending
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Rainier Valley
Neighborhood:
380southeastseattle
Listed Date:
Feb 16, 2026
Finished Sq Ft:
1,300
Total Sq Ft:
2,150
Lot Size:
10,480 sqft / 0.24 acres (approx)
Year Built:
1911
See this Listing
Schools
School District:
Seattle
Elementary School:
Rainier View
Middle School:
Aki Kurose
High School:
Rainier Beach High
Interior
Bathrooms
1 Full Bathroom
Cooling
None
Heating
Forced Air
Exterior
Architectural Style
Craftsman
Construction Materials
Wood
Exterior Features
Wood, Wood Products
Parking Features
Driveway, Off Street, RV Parking
Roof
Composition
Security Features
Partially Fenced
Financial
Tax Year
2025
Taxes
$6,264
Map
Community
- Address5360 S Wallace #A & B Seattle WA
- SubdivisionRainier Valley
- CitySeattle
- CountyKing
- Zip Code98178
Subdivisions in Seattle
- Admiral
- Alaska Junction
- Alki
- Allentown
- Arbor Heights
- Arboretum
- Arroyo
- Ballard
- Beach Drive
- Beacon Hill
- Belltown
- Belvedere Terrace
- Belvidere
- Bitter Lake
- Blue Ridge
- Boulevard Park
- Briarcrest
- Brighton
- Broadmoor
- Broadview
- Broadway
- Bryant
- Bryn Mawr
- Burien
- Campbell Hill
- Capitol Hill
- Cedar Park
- Cedarhurst
- Central Area
- Columbia
- Columbia City
- Crown Hill
- Delridge
- Denny Blaine
- Denny Triangle
- Downtown
- Dunlap
- Earlington
- Eastlake
- Fairmount
- Fauntleroy
- First Hill
- Fremont
- Gatewood
- Genesee
- Georgetown
- Glen Acres
- Green Lake
- Greenwood
- Gregory Heights
- Haller Lake
- Hawthorne Hills
- High Point
- Highland Park
- Highline
- Hillman City
- Holly Park
- International District
- Inverness
- Jackson Park
- Judkins
- Kent
- Lake City
- Lake Forest Park
- Lake Union
- Lakeridge
- Lakewood
- Laurelhurst
- Leschi
- Licton Springs
- Lincoln Park
- Loyal Heights
- Madison Park
- Madison Valley
- Madrona
- Magnolia
- Magnolia Bluff
- Maple Leaf
- Matthews Beach
- Meadowbrook
- Montlake
- Morgan Junction
- Mt Baker
- N Beacon Hill
- North Admiral
- North Beach
- North Burien
- North Capitol Hill
- North City
- North Shorewood
- Northgate
- Olympic Hills
- Olympic Manor
- Phinney Ridge
- Pigeon Point
- Pinehurst
- Pioneer Square
- Portage Bay
- Puget Ridge
- Queen Anne
- Rainier Beach
- Rainier Valley
- Ravenna
- Renton
- Roosevelt
- Sand Point
- SeaTac
- Seattle
- Seaview
- Seola Beach
- Seward Park
- Shoreline
- Shorewood
- Skyway
- Sodo
- South Lake Union
- South Park
- Southern
- Sunset Hill
- The Highlands
- Top Hat
- Tukwila
- University District
- Upper Rainier Beach
- Victory Heights
- View Ridge
- Wallingford
- Washington Park
- Wedgwood
- West Seattle
- Westlake
- Westwood
- Westwood Village
- White Center
- Whittier
- Windermere
- Woodland Park
Market Summary
Current real estate data for Single Family in Seattle as of Mar 03, 2026
1,567
Single Family Listed
59
Avg DOM
617
Avg $ / SqFt
$1,221,576
Avg List Price
Property Summary
- Located in the Rainier Valley subdivision, 5360 S Wallace #A & B Seattle WA is a Single Family for sale in Seattle, WA, 98178. It is listed for $499,888 and features 3 beds, 1 baths, and has approximately 1,300 square feet of living space, and was originally constructed in 1911. The current price per square foot is $385. The average price per square foot for Single Family listings in Seattle is $617. The average listing price for Single Family in Seattle is $1,221,576. To schedule a showing of MLS#nwm2480758 at 5360 S Wallace #A & B in Seattle, WA, contact your Best in the West agent at 206-351-5550.
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Courtesy of Windermere Real Estate/East. Disclaimer: Based on information submitted to the MLS GRID as of Mar-02-2026 10:52:15 pm. All data is obtained from various sources and may not have been verified by broker 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.Copyright 2026. All rights reserved.
5360 S Wallace #A & B
Seattle, WA


