1519 5th Avenue W

Seattle, WA 98119

  • Bed

  • Bath

  • 0 SqFt

  • 231 DOM

  • Built:

  • Status: Active

$550,000

X

1519 5th Avenue W

Seattle 98119

$550000

  • Bed

  • Bath

  • 0 SqFt

  • 231 DOM

  • Built:

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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

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Residence Information

  • 0

  • 40 - Res-Less thn 1 Ac

Features and Utilities

  • On Property

  • On Property

Financial

  • 0

  • Cash Out

  • 07-01-2024

Comparable Information

  • 231

  • 231

  • Cash Out

  • $900,000

  • $900,000

  • Mar 28, 2025 17:49

Schools

Map

Listing courtesy of Realogics Sotheby's Int'l Rlty.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: May 13, 2025 23:05 | Listing last modified Mar 28, 2025 17:49. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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