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Listed by Kidder Mathews Max Frame
$5,490,000
Est. payment /mo
3 Beds
3 Baths
13,405 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,405 sqft
Price per Sqft $409
Subdivision Capitol Hill
MLS Listing ID 2458090
Style 56 - 10+ Units
Bedrooms 3
Year Built 1968
Annual Tax Amount $64,892
Lot Size 0.386 Acres
Lot Dimensions 16800
Property Sub-Type Multi Family
Property Description
Built in 1968, this 19-unit apartment building offers an A+ Capitol Hill location in the heart of the 19th Ave E retail corridor, just steps from some of Seattle's top restaurants and bars. The property features a desirable mix of spacious 1-bedroom and 2-bedroom units averaging approx. 706 SF, ample parking, and updates to key building systems. In-place operations provide steady, strong cash flow with clear upside through rent increases and unit improvements. Situated on a 16,800 SF parcel with NC1-55(M) zoning, 509 presents an exceptional value-add, land-bank, and future redevelopment opportunity in one of the city's most coveted neighborhoods.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Ceramic Tile, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N Yes
View City
Roof Type Torch Down
Building
Lot Description Curbs, Paved, Sidewalk, Value In Land
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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