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  • 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

    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
    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#: 2382278MLS Logo
    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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