11
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Listed by Lee & Associates Commercial RE
$5,995,000
Est. payment /mo
26 BD
20 BA
12,900 SqFt
Active
512 5th AVE W Seattle, WA 98119
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UPDATED:
11/14/2024 04:12 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,900 sqft
Price per Sqft $464
Subdivision Queen Anne
MLS Listing ID 2289839
Style 56 - 10+ Units
Bedrooms 26
Year Built 1957
Annual Tax Amount $53,874
Lot Size 0.276 Acres
Property Description
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.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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