1249 5th Avenue N Seattle WA 98109 MLS #NWM2056157

Listing Provided Courtesy of Sea to Sky Realty
Rare Value-Add/Development opportunity in excellent east slope Queen Anne location, one block north of Highland Drive, with outstanding views of the city, Lake Union, and the Cascade Mountains. The property offers potential for interior/exterior upgrades that could lead to significant rental increases and improved returns. The zoning allows new development for about 20 500sf apartment units or 10 1,250sf townhouse units (Buyer to verify). Great flexibility to start the project promptly or hold with current leases.

Property Details

Price:
$2,100,000
MLS #:
NWM2056157
Status:
Active
Beds:
0
Baths:
0
Address:
1249 5th Avenue N
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Queen Anne
Neighborhood:
700 – Queen Anne/Magnolia
City:
Seattle
Listed Date:
Apr 20, 2023
State:
WA
Finished Sq Ft:
4,762
Total Sq Ft:
4,762
ZIP:
98109
Lot Size:
7,177 sqft / 0.16 acres (approx)
Year Built:
1912
Units:
5

Schools

School District:
Seattle

Interior

Cooling
None
Heating
Radiant

Exterior

Exterior Features
Brick, Stucco, Wood
Parking Spots
5
Roof
Cedar Shake, Composition, Flat

Financial

Net Operating Income
$46,400
Tax Year
2022
Taxes
$17,206

Map

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