1519 5th Avenue W, Seattle, WA 98119
- $400,000
Listing courtesy of Realogics Sotheby's Int'l Rlty. Selling Office: AgencyOne.
- Sold Price
- $400,000
- List Price
- $450,000
- Status
- SOLD
- MLS#
- 2382278
- Closing Date
- Oct 22, 2025
- Days on Market
- 385
- Lot Size (sq ft)
- 6,043
Property Description
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
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Additional Information
- Community
- Queen Anne
- Style
- 40 - Res-Less thn 1 Ac
- Zoning Jurisdiction
- City
- Restrictions
- See Remarks
- Sewer
- On Property
- Tax Year
- 2024
- School District
- Seattle
- Potential Terms
- Cash Out
- Driving 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
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.