Unique opportunity to own a lot in the prime Queen Anne neighborhood 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 also when a unit 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
Active
Listed by:
Denise Seavitt,
Realogics Sotheby's Int'l Rlty
Price cut: $100K (6/11)
$450,000
1519 5th Avenue W, Seattle, WA 98119
--beds
--baths
6,041.77Square Feet
Unimproved Land
Built in ----
6,041.77 Square Feet Lot
$431,000 Zestimate®
$--/sqft
$-- HOA
What's special
- 54 days
- on Zillow |
- 759 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: June 24, 2025 at 10:31am
Listed by:
Denise Seavitt,
Realogics Sotheby's Int'l Rlty
Source: NWMLS,MLS#: 2382278

Travel times
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 6,041.77 Square Feet
- Features: Curbs, Paved, Sidewalk
- Topography: Level
Details
- Parcel number: 4362500000
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Not Available
- Sewer: On Property
- Water: On Property, Jurisdiction: City of Seattle
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Queen Anne
Location
- Region: Seattle
Financial & listing details
- Tax assessed value: $333,000
- Annual tax amount: $675
- Date on market: 8/9/2024
- Listing terms: Cash Out
- Electric utility on property: Yes
- Road surface type: Paved
- Cumulative days on market: 361 days
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