Housing model profileA1
Corner townhomes
6 fee-simple homes near transit, one house replaced
A low-value house on a transit-corner lot is replaced with six fee-simple townhomes — the corner's double frontage gives each home its own street entrance.
Urban Acupuncture housing model
Repeatable program, parcel screening, schematic placement, and economics model — not City-pre-approved construction drawings.
- Homes
- 6
- Building type
- Six three-story fee-simple townhomes
- Existing house
- Replace
- Typical new footprint
- 58.5 × 39 ft
- New-building height
- 3 stories
- New-home bedrooms
- 3 bedrooms
- You end up with
- 6 fee-simple homes near transit, one house replaced. Replace one house; use both street frontages for individual entries.
- You put in
- Land or development rights, plus project funding if you build yourself. An outright sale and a land-contribution partnership are different deals.
- Your role
- Arrange replacement housing if the existing house is removed. Choose between seller, development partner, or owner commissioning the build.
- Timeline
- Feasibility and deal terms → design, permits and tenure review → construction → individual sales. A project-specific schedule is required.
- It works when
- A neighborhood-residential corner lot inside the major-transit walkshed; Enough usable width and depth for two townhome rows; The existing house is a realistic redevelopment candidate.
- Main uncertainty
- Sale prices, costs, and the path to separate ownership can change the outcome. Confirm unit-lot subdivision or another legal tenure path before assuming individual sales.
- Next step
- Ask a housing designer to test the site, then review ownership, pricing, and deal terms with appropriate professionals.
Representative site plan
New: 6 homes in a 39×59 ft pack. Drawn on a typical lot — every real lot differs, so this is illustrative, not a site-specific layout.
The program
6 homes — 6 market townhomes in a 58.5x39 corner row.
+5 net new homes per lot (market-rate).
Workbook-baseline economics
Compare an outright property sale budget with the separate land-contribution partnership scenario below. Neither is an offer or guaranteed owner payout.
- Modeled property acquisition budget
- $695K–$767K
- All-in project cost
- $3.34M
- Land contribution + 50/50 profit-sharing scenario
- $926K–$968K
- Option A — take a new home
- $231K–$273K + a new home
- Option B — all cash
- $926K–$968K
- Does it pencil?
- Pencils under modeled stress
- What to check first
- Parcel-specific inputs
Illustrative 15% developer profit on total cost, conservative through base selling costs. Existing construction financing held fixed; excludes acquisition financing and purchase closing costs. Not an expected offer.
$557K per home
Owner contributes property at modeled value, receives that contribution back, and splits positive profit 50/50 with the builder. Across conservative and base selling-cost cases; before mortgage payoff, taxes and negotiated waterfall terms.
In the 50/50 land-contribution partnership: gross cash plus one market home taken in kind, before mortgage payoff and taxes.
In the 50/50 land-contribution partnership: gross cash at sale, before mortgage payoff and taxes.
Profit remains positive at market price −10% with conservative selling costs.
Representative workbook baseline — not adjusted for a specific parcel.
Illustrative workbook baseline — a real packet adjusts these with the parcel's own assessor, market, and rent data.
Modeled property acquisition budget
$695K–$767K
Net sale proceeds ÷ (1 + target return) − costs excluding the existing contribution value. Range uses conservative and base selling costs. The 15% starting target is illustrative; set it to a prospective partner's requirement. Construction financing stays at the model amount; acquisition financing and purchase closing costs need to be deducted separately. Includes the existing property rather than only vacant land. This is a scenario budget, not an appraisal or expected offer.
Where it fits
Neighborhood-residential corner lots inside a quarter-mile major-transit walkshed, with a low-value (teardown-candidate) house and room for six townhomes. Transit unlocks six homes by right, so no affordability covenant is required — the catalog's strongest-margin product.
What must be true
- A neighborhood-residential corner lot inside the major-transit walkshed
- Enough usable width and depth for two townhome rows
- The existing house is a realistic redevelopment candidate
Verify before relying on it
- Surveyed corner/frontage geometry and access
- Trees, critical areas, utilities, and title constraints
- Local new-townhome sale prices and demolition cost
Check Corner townhomes at a Seattle address
Choose a parcel to open this exact model in the feasibility packet. We will test its screening match, place the program schematically, and adjust the economics with parcel data.
If the plan does not pass this parcel's screening, the packet will say so and offer other paths.
Funding and programs that may apply
Programs that may pair with this plan
Matched from plan facts only. Parcel geography, income, utility territory, and owner facts can change the final list.
Home Improvement Property Tax Exemption
King County Assessor / RCW 84.36.400
Temporary property-tax exemption on qualifying added improvement value.
Exempts added value up to 30% of original structure value
Washington State HEAR Electrification Rebates
Washington Department of Commerce / local HEAR administrators
Administrator-run rebates for eligible electrification equipment and installation. Measures, amounts, coverage and available funding vary by local administrator.