Design Is In The Details.

    Offered at$550,000
    1519 5th Avenue W   Seattle, WA 98119

    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

    Extraordinary properties are different at every level.

    Property Details

    • MLS ID: 2237590
    • Community: Queen Anne
    • County: King County
    • Lot Size Sq. Ft.: 6,043
    • Lot Style: Curbs, Paved, Sidewalk
    • Property Subtype: Land
    • Web ID: CQ4QRD

    Amenities

      Additional Highlights

      • Land/Topography: Level
      • Water Source: On Property
      • Zoning Description: Multi-Family

      Taxes and Fees

      • Taxes (Year): 2024

      Location

      1519 5th Avenue W, Seattle, WA 98119
      Get Driving Directions
      1519 5th Avenue W

      Contact Us

      Denise Seavitt

      Denise Seavitt

      Global Real Estate Advisor | Managing Broker