Provided by NWMLS, Listed by Lee & Associates Commercial RE
Active
512 5th Avenue W
Seattle WA, 98119
$5,995,000
$464.73 per sqft
Active
12,900 sqft
Multi-family
Built in 1957
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.
2289839
MLSⓇ ID
September 11, 2024
Listed
November 7, 2024
Updated
Map
512 5th Avenue W
Seattle WA, 98119
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.28 Acres
Exterior Features
Brick
Roof
Flat
Sewer
Sewer Connected
School Information
School District
Seattle
Other Property Details
Area Name
700 - Queen Anne/Magnolia
Taxes
$53,874
Tax Frequency
Annually
Garage
No
Parking Total
10
View
No
County
King
Pool
No
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 11/8/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 11/8/2024 at 11:00 PM UTC . 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.
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Data last updated on 11/8/2024 at 11:00 PM UTC