1519 5th Avenue W
Seattle, WA 98119
- – beds
- – baths
- – sqft
- 6,043 sqft lot
Unique opportunity to own a lot in the prime Queen Anne neighborhood that provides you with a steady stream of income from the ground lease. Yep, there is a 5-unit condominium built on the property and it pays monthly income to you, plus the property taxes and the insurance. The rental income increases yearly and when a property sells, so the income stream will also increase. So, you can park your money here and watch the land appreciate over time AND watch the income increase over time as well! 2024 gross rental income is $24,697.35
Last checked:
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Last updated Nov 14, 2024
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MLS# 2237590 —
The Building
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Structure Type:Unspecified
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Building Area Units:Square Feet
Interior
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.632935
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Longitude:-122.364094
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Directions:Take QA Avenue up from Mercer to W Galer St and turn left (W) to 5th Ave W, then turn right (N) and the property is on your left (W) side of the street
The Property
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Property Type:Land
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Property Subtype:Land
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Parcel Number:4362500000
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Lot Features:Curbs, Paved, Sidewalk
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Lot Size Units:Square Feet
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Lot Size Acres:0.1387
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Lot Size SqFt:6043
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Lot Size Source:Realist and tax records
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Zoning Class:Multi-Family
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Zoning Jurisdiction:City
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Electric On Property:true
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View:false
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Waterfront:false
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Topography:Level
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Road Surface:Paved
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Road Information:Paved
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Possible Use:Multi-Family
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Slope Comment:The lot is elevated from the sidewalk
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Easements:See ground lease documents
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 922-3846
- Office phone:
- (206) 922-3846
Taxes
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Tax Year:2024
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:false
Utilities
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Utilities:Electricity Connected
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Water Jurisdiction:City of Seattle
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Water Source:On Property
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Sewer:On Property
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Electricity Status:On Property
Schools
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High School District:Seattle
The Community
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Subdivision Name:Queen Anne
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Senior Community:false
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Association:true
Parking
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Carport:false
Listing courtesy of NWMLS / Realogics Sotheby's Int'l Rlty
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/14/24
Nov 14, 2024
|
Price Changed | NWMLS | $650,000 | -13.3% |
|
8/27/24
Aug 27, 2024
|
Price Changed | NWMLS | $750,000 | -16.7% |
|
7/1/24
Jul 1, 2024
|
Listed / Active | NWMLS | $900,000 |
