Bought with AgencyOne
$400,000
$450,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
1519 5th AVE W Seattle, WA 98119
6,043 Sqft Lot
Key Details
Sold Price $400,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Queen Anne
MLS Listing ID 2382278
Sold Date 10/22/25
Style 40 - Res-Less thn 1 Ac
Lot Size 6,043 Sqft
Property Sub-Type Land
Property Description
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
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected
View Y/N No
Building
Lot Description Curbs, Paved, Sidewalk
Sewer On Property
Water On Property
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.