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Listing Firm: Sea to Sky Realty: Lin Shen

Active
NWMLS # 2056157

$2,100,000

  • - Beds
  • - Baths
  • 4762 Sq.ft.

1249 5th Avenue N, Seattle, WA 98109

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Aris360 Last Checked: Just Now (May 20, 2025 04:43 PM)

  • Source: NWMLS as Distributed by MLS Grid #2056157

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 5th
  • Zip/Postal Code: 98109
  • City: Seattle

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$3,847 per month
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Property Features

  • County
    • Queen Anne
  • Community
    • 700 - Queen Anne/Magnolia
  • MLS Area
    • 700 - Queen Anne/Magnolia
  • Longitude
    • -122.347936
  • Latitude
    • 47.631249
  • Directions
    • GPS is accurate.

  • Power Production Type
    • Natural Gas

  • Stories
    • 2
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 5
  • Lot Description
    • Dead End Street,
    • Value In Land,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
    • Stucco
    • Wood
  • Roof
    • Cedar Shake,
    • Composition,
    • Flat,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 5
  • Condition
    • Fair,
  • Building Total Area (Sq. Ft.)
    • 7177
  • Has View
    • Yes
  • View Description
    • City,
    • Lake,
    • Mountain(s),

  • High School District
    • Seattle

  • Possession
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2022
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $17206
  • Year Built
    • 1912
  • Effective Year Built
    • 1985
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Tue May 20 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

May 20, 2025 04:43 PM