Seattle, WA 98119 1519 5th Avenue W
$450,000
Pending
0 more
Presented By: Realogics Sotheby’s Int’l Rlty and NWMLS
- MLS# 2382278
- 06/11/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
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 $24,697.35
Presented By: Realogics Sotheby’s Int’l Rlty and NWMLS
Interior Features for 1519 5th Avenue W
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Fireplaces
General for 1519 5th Avenue W
Building Area UnitsSquare Feet
Carport Y/NNo
CitySeattle
CountyKing
DirectionsTake QA Avenue up from Mercer to W Galer St and turn left (W) to 5th Ave W, then turn right (N) and the property is on your left (W) side of the street
Gas StatusNot Available
HOAYes
HOA Fee$
High School DistrictSeattle
Listing TermsCash Out
Lot Size Square Feet6043
Lot Size UnitsSquare Feet
MLS Area700 – Queen Anne/Magnolia
ModificationTimestamp2025-09-02T23:12:10.991Z
NWM_ShowMapLinkY
PossessionClosing
Possible UseMulti-Family
Property Style40 – Res-Less thn 1 Ac
Property SubtypeLand
Property TypeLand
Public RemarksUnique 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
Senior Community Y/NNo
SewerOn Property
Special Listing ConditionsNone
Standard StatusPending
StatusPending Inspection
Structure TypeUnspecified
Subdivision NameQueen Anne
Tax Annual Amount0
Tax Year2024
TopographyLevel
UtilitiesElectricity Connected
Zoning DescriptionMulti-Family
Exterior for 1519 5th Avenue W
Building Area Total
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.1387
Road Surface TypePaved
Water SourceOn Property
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®