$5,995,000
For Sale

512 5th Avenue W

Seattle, WA 98119
12900 sqft | 0.28 acres | #2289839
Listing OfficeLee & Associates Commercial RE
Browse 11 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

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.

  • Property Details
      • Date ListedSeptember 11, 2024
      • Sewer InformationSewer Connected
      • Style56 - 10+ Units
      • Property TypeMulti-Family
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • SubdivisionQueen Anne
      • Original List Price$5,995,000
      • School DistrictSeattle
      • Taxes Annual$53,874
      • MLS #2289839
      • Cost5995000
      • MLS #2289839
      • Acres0.2759
      • Exterior MaterialsBrick
      • Square Feet12900
      • Year Built1957
      • CountyKing
      • Days on Market (Cumulative)102
      • Stories2
Morgan StarrReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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