512 5th Avenue W Seattle WA 98119 MLS #NWM2289839

Listing Provided Courtesy of Lee & Associates Commercial RE
The Standard, 20-units located in the Uptown Queen Anne. Attractively situated near the Seattle Center & the waterfront. The unit mix consist of 16 1-bed, two 2-bed units & two 3-bed units. Opportunities for lift with the addition of in-unit w/d & converting the laundry rooms into units also a 12,020sf MR (M) zoned lot, initial studies suggest 75+ unit development potential (buyer to verify). The acquisition of the Standard not only secures a prime piece of Seattle real estate but also offers potential for future development & appreciation. With its strategic location, rental upside & multiple exit strategies, the Standard is an exceptional opportunity for investors seeking a blend of immediate rental income & long-term opportunities.

Property Details

Price:
$5,750,000
MLS #:
NWM2289839
Status:
Active
Beds:
0
Baths:
0
Address:
512 5th Avenue W
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Queen Anne
Neighborhood:
700 – Queen Anne/Magnolia
City:
Seattle
Listed Date:
Sep 11, 2024
State:
WA
Finished Sq Ft:
12,900
Total Sq Ft:
12,900
ZIP:
98119
Lot Size:
12,020 sqft / 0.28 acres (approx)
Year Built:
1957
Units:
20

Schools

School District:
Seattle

Interior

Cooling
None
Heating
Baseboard

Exterior

Exterior Features
Brick
Parking Spots
10
Roof
Flat

Financial

Net Operating Income
$299,729
Tax Year
2024
Taxes
$53,874

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512 5th Avenue W
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