University District Land for Sale

Welcome to the vibrant University District, one of Seattle’s most dynamic neighborhoods! Nestled just north of downtown, this area is renowned for its eclectic mix of culture, education, and community spirit. Home to the University of Washington, the University District boasts a youthful energy fueled by students, professors, and families alike. With tree-lined streets, historic architecture, and an array of local shops, cafes, and restaurants, the neighborhood offers a unique blend of urban convenience and suburban charm.

The University District is not only a hub for education but also a melting pot of diverse cultures. Stroll down University Way NE, affectionately known as "The Ave," where you’ll find everything from cozy coffee shops to international cuisine. The neighborhood is also home to beautiful parks, including the expansive University of Washington campus and the scenic Ravenna Park, perfect for outdoor enthusiasts and nature lovers.

For those considering a new venture, there’s exciting land for sale in this thriving community. Imagine the possibilities of building your dream home or developing a property in a location that’s continuously growing and evolving. With proximity to public transportation, easy access to downtown Seattle, and a plethora of amenities, investing in land here means not just a purchase, but a lifestyle.

Whether you’re looking to immerse yourself in a vibrant community or invest in a promising piece of real estate, the University District offers an exceptional opportunity. Come and explore the potential that awaits in this remarkable neighborhood!

Newest University District Land for Sale

$8,350,000

2556646 MLS ⋅ ACTIVE Status

Premier University of Washington development site on Greek Row. Flat, no SIP'S (street improvements), and big views. One block walk to campus entrance. Consultant reports attached and full Due Diligence package available upon request. Entitlements for a +/-150 unit student housing building are in the final stages of reviews with Seattle Department of Construction and Inspections (SDCI). Current monthly income from Diamond Parking Lease. Building is occupied by a non-profit and receives a substantial property tax exemption (20 day notice to vacate).

4626 21st Avenue NE, Seattle

Listing courtesy of Alchemy Real Estate.

$4,950,000

2549382 MLS ⋅ ACTIVE Status

Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.

4722 - 4730 15th Avenue NE, Seattle

Listing courtesy of Best Choice Realty LLC.

$2,490,000

2531005 MLS ⋅ ACTIVE Status ⋅ Turner H S & Cos University BLDG.

Discover an exceptional development opportunity located in the vibrant heart of the U-District. Situated just blocks away from the University of Washington and the new Roosevelt light rail station, this property offers unparalleled convenience & connectivity. This location promises a dynamic urban lifestyle w/proximity to Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joes, bars & eateries. The 7440 sf lot is currently zoned NC2P-40, in future up zone area of U-District! Seize the opportunity with this ideal development site. Not only a prime location, and w/possible height limit increasing from 40' to 65'. Whether you are looking to invest in rental housing, retail or mixed use, this site holds immense potential! Offers welcomed!

5520 University Way NE, Seattle

Listing courtesy of COMPASS.

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Based on information submitted to the MLS GRID as of . 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.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.