BELLEVUE—Hillside Off Main, a two-parcel multifamily development opportunity in the heart of Downtown Bellevue, is now on the market. Located at 119 107th Ave SE, the combined site spans 23,100 square feet and is zoned R-30, offering a chance to invest in one of the region’s most land-constrained urban cores. The property includes an eight-unit apartment building originally constructed in 1954, totaling 6,036 gross square feet (5,276 net square feet).

Lee & Associates, which is marketing the property, has announced that the current annual rental income is $170,220. According to the marketing brochure, the property’s zoning allows for redevelopment potential, while its location in Downtown Bellevue adds to the Hillside Off Main’s long-term value proposition.

The two-parcel site comprises a 15,300-square-foot lot at 119 107th Ave SE and a 7,800-square-foot adjacent land parcel. Together, the parcels form a development-ready footprint directly across from a separate assemblage opportunity known as the 107th / 108th & Main Offering — also represented by Lee & Associates and the same ownership group.

Adrienne Hunter and Jim Reed of Lee & Associates are handling the listing for Hillside Off Main.