
1519 5th Avenue West
Prime Queen Anne neighborhood that will provide you with a steady stream of income from the ground lease.

$450,000
2 Bed / 3 Bath
6,043 sq ft Lot
MLS® ID: 2237590
Listing Agent: Denise Seavitt
1519 5th Avenue W, Seattle, WA 98119
This is your unique opportunity to own a lot in the prime Queen Anne neighborhood that will provide you with a steady stream of income from the ground lease. Yep, there is a five-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 when a property sells, 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! The 2024 gross rental income is $24,697.35. Please reach out to me with any questions about investment properties. I would be happy to guide you through your options.
Interior
Area & Lot
Status For Sale
Lot Area 6,043 Sq.Ft.
MLS® ID 2237590
Type Land
School District Seattle
Exterior
Water Source On Property
Utilities Electricity Connected
Lot Features Curbs Paved Sidewalk
Sewer On Property
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