1249 5th Avenue North
Seattle, WA 98109
$2,100,000
Price
9
Beds
5
Baths
4,762 Sq. Ft.
$441 / Sq. Ft.
4,762
Sq. Ft.
$441
per Sq. Ft.
Listing provided courtesy of Sea to Sky Realty
Description
Rare Value-Add/Development opportunity in excellent east slope Queen Anne location, one block north of Highland Drive, with outstanding views of the city, Lake Union, and the Cascade Mountains. The property offers potential for interior/exterior upgrades that could lead to significant rental increases and improved returns. The zoning allows new development for about 20 500sf apartment units or 10 1,250sf townhouse units (Buyer to verify). Great flexibility to start the project promptly or hold with...Rare Value-Add/Development opportunity in excellent east slope Queen Anne location, one block north of Highland Drive, with outstanding views of the city, Lake Union, and the Cascade Mountains. The property offers potential for interior/exterior upgrades that could lead to significant rental increases and improved returns. The zoning allows new development for about 20 500sf apartment units or 10 1,250sf townhouse units (Buyer to verify). Great flexibility to start the project promptly or hold with current leases.
- Listed by Lin Shen • Sea to Sky Realty
Property Details for 1249 5th Avenue North
Community Name
Queen Anne
School DistrictSeattle
ViewCity, Lake, Mountain(s)
Number of Assigned Spaces5
Total Covered Parking5
Entry Date04-20-2023
Energy SourceNatural Gas
SewerSewer Connected
LISTING UPDATED: 11/18/2024 01:50 PM
Property Details for 1249 5th Avenue North
| Status | Active |
|---|---|
| MLS # | 2056157 |
| Days on Market | 581 |
| Cumulative Days on Market | 196 |
| Taxes | $17,206 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1912 |
| Lot Size | 0.16 AC / 7,177 SF |
| County | King County |
Building Information for 1249 5th Avenue North
Stories2Residences5Year Built1912Building Size-Lot Size0.16 AC / 7,177 SF
Property Information for 1249 5th Avenue North
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 700 - Queen Anne/Magnolia
- Effective Year Built Source: Public Records
- Directions: GPS is accurate.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Radiant
- FIRPTA: No
Exterior Features
- Exterior: Brick, Stucco, Wood
- Roof: Cedar Shake, Composition, Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 1140
- Power Production Type: Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1985
- Photos Count: 7
Lot Information
- Lot Details: Dead End Street, Value In Land
- Lot Size Source: KCR
- Parcel Number Free Text: 6889900276
- Building Condition: Fair
- Calculated Square Footage: 4762
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4762.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 2
- Vacancy Rate: 18
- Number Of Units Total: 5
- Units Below Grade: false
- Units In Building Total: 5
Financing / Income and Expenses
- Electric Expense: $220
- Total Expenses: 34600
- Gross Adjusted Income: 81100
- Gross Rent Multiplier: 25
- Gross Scheduled Income: $107,400
- Insurance Expense: $5,121
- Net Operating Income: $46,400
- Other Expenses: $10,913
- Total Monthly Income: 8950
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 907
- Rent Unit 1: $1,900.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 796
- Rent Unit 2: $1,600.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1014
- Rent Unit 3: $1,750.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: D
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1000
- Rent Unit 4: $1,900.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: E
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 656
- Rent Unit 5: $1,800.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4373.0
- Leasable Area Units: Square Feet
Property History for 1249 5th Avenue North
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1249 5th Avenue North
Taxable ValueLand$1,693,700Additions$436,300Total$2,130,000
Tax Record2024$19,462 ($1,622 / month)
Home Facts
Total Finished SqFt4,375 SqFtAbove Ground SqFt4,375 SqFtStories2Lot Size7,177 SqFtStyleMulti-Family Dwelling (2-4)Year Built1912Year Renovated1985ZoningLR3 (M)CountyKINGAPN688990-0276
Schools near 1249 5th Avenue North
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Hay Elementary School PublicK to 5 | ||
Mcclure Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
Queen Anne Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Sea to Sky Realty
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
