554 Prospect Street Seattle WA 98109 MLS #NWM2380847

Listing Provided Courtesy of SJA Real Estate
Located in the heart of Queen Anne, 554 Prospect offers a rare opportunity to own a fully-renovated five-unit building in one of Seattle’s most desirable neighborhoods. The unit mix includes one studio, two 2-bedrooms, and two 2-bedroom + den layouts, each upgraded in a 2013 studs-out renovation. Modern amenities include in-unit laundry and private storage units. Walkable to Seattle Center, the Space Needle, and vibrant retail, with easy access to Downtown, South Lake Union, and Hwy 99. This charming asset blends historic character with strong income potential in a highly walkable, high-demand rental market.

Property Details

Price:
$1,950,000
MLS #:
NWM2380847
Status:
Active
Beds:
0
Baths:
0
Address:
554 Prospect Street
Type:
Multi Family
Subdivision:
Queen Anne
Neighborhood:
700 – Queen Anne/Magnolia
City:
Seattle
Listed Date:
May 23, 2025
State:
WA
Finished Sq Ft:
5,656
Total Sq Ft:
5,656
ZIP:
98109
Lot Size:
3,813 sqft / 0.09 acres (approx)
Year Built:
1909
Units:
5

Schools

School District:
Seattle
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify

Interior

Cooling
None
Flooring
Hardwood, Carpet
Heating
Forced Air

Exterior

Construction Materials
Wood
Exterior Features
Wood Products
Roof
Composition

Financial

Net Operating Income
$96,099
Tax Year
2024
Taxes
$14,716

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554 Prospect Street
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