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Listing Firm: Realogics Sotheby's Int'l Rlty: Denise Seavitt

Active
NWMLS # 2237590
  • - Beds
  • - Baths
  • - Sq.ft.

1519 5th Avenue W, Seattle, WA 98119

Listings with the three tree icon are courtesy of NWMLS

About This Property

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

Aris360 Last Checked: 9 Minutes Ago (Jun 06, 2025 08:54 PM)

  • Source: NWMLS as Distributed by MLS Grid #2237590

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 5th
  • Zip/Postal Code: 98119
  • City: Seattle

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$3,847 per month
Principal & Interest
Home Insurance
Property Taxes

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Loan Detail

Interest Rate

According to icanbuy, the average interest rate for a 30-year fixed loan in 98102 is 7.009%. Compare current rates

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Property Features

  • County
    • Queen Anne
  • Community
    • 700 - Queen Anne/Magnolia
  • MLS Area
    • 700 - Queen Anne/Magnolia
  • Longitude
    • -122.364094
  • Latitude
    • 47.632935
  • Directions
    • Take QA Avenue up from Mercer to W Galer St and turn left (W) to 5th Ave W, then turn right (N) and the property is on your left (W) side of the street

  • Style
    • 40 - Res-Less thn 1 Ac
  • Lot Description
    • Curbs,
    • Paved,
    • Sidewalk,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • On Property,
  • Septic or Sewer
    • On Property,
  • Building Total Area (Sq. Ft.)
    • 6043
  • Utilities
    • Electricity Connected,
  • Electric On Property
    • Yes

  • High School District
    • Seattle

  • Possession
    • Closing,
  • Property Type
    • Land
  • Property SubType
    • Land
  • Tax Year
    • 2024
  • Structure Type
    • Land,
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jun 06 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.

Jun 06, 2025 08:54 PM