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For Sale18 Days
$5,995,000

512 5th Avenue
Seattle, WA 98119

Income For Sale
12,900 Sq. Ft.
0.28 Acre Lot
Lee & Associates Commercial RE

Provided by Northwest Multiple Listing Service, 2024.

Description for 512 5th Avenue, Seattle, WA 98119

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

Listing Details
For Sale
Income
Multi-Family
None
For Sale
NWM2289839
$5,995,000
10/21/2024
12,900 Sqft
1957
$5,995,000
$5,995,000
NWM115693
Single Family
10
Location Information
US
WA
King
Seattle
98119
5th
512
Avenue
W123° 38' 13.7''
N47° 37' 25.9''
512 5th Avenue W, Seattle, WA 98119
700 - Queen Anne/Magnolia
W
Exterior Features
No
No
Brick
Flat
Land Info
0.28 Acre
Nw
1990200150
Monthly
Utilities
Baseboard
None
Sewer Connected
HOA Info
Monthly
20
No
Rental Info
12900
Monthly
Tax Info
$53,874
2024
Listing Information
Lee & Associates Commercial RE
Daniel Lim
40
NWM6432
Nwmls
$5,995,000
10/21/2024 20:32:13
2
Multi Family
Queen Anne

Price History

Source: MLS
DateEventPriceSource
2024-10-21For Sale$5,995,000MLS
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Walk Score

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Walk Score

4

Bike Score

7

Transit Score

3

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Courtesy of Lee & Associates Commercial RE
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Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2024 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by listings.com and should be verified by the buyer.