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$400,000

  • Sold
  • Closed
  • Land Residential
  • 0.1387 Acres

Listed by Denise Seavitt | Realogics Sotheby's Int'l Rlty | (206) 922-3846
Sold by Jakub Martisovits | AgencyOne

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Unique opportunity to own a lot in the prime Queen Anne neighborhood provides you with a steady stream of income from the ground lease. Yep, there is a 5-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 also when a unit sells, so 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! 2024 gross rental income is $24,697.35

Full Property Details for 1519 5th Ave W

General

  • Sold For: $400,000
  • Taxes: (2024)
  • Status: Closed
  • Type: Land Residential
  • Source: NWMLS
  • MLS ID: 2382278
  • Added to Site: 266 day(s) ago

Location

  • Area: 700 - Queen Anne/Magnolia
  • County: King
  • Subdivision: Queen Anne
  • Driving Directions: Take QA Avenue up from Mercer to W Galer St and turn left (W) to 5th Ave W, then turn right (N) and the property is on your left (W) side of the street

School Information

  • High School District: Seattle

Community

  • Association: Yes

Utilities

  • Electric Available: Yes
  • Sewer: On Property
  • Water: On Property
  • Utility Description: Electricity Connected

Structural Information

  • Structure Type: Unspecified

Lot Features

  • Lot Size (Acres): 0.1387
  • Lot Size (Sq. Ft.): 6,043
  • Lot Size Source: Realist and tax records
  • Street/Road Desc.: Paved
  • Topography: Level
  • Lot Features: Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Year: 2024
  • Terms: Cash Out

Disclosures and Reports

  • Special Conditions: None
  • Restrictions: See Remarks
  • Property ID: 4362500000

Listed by Denise Seavitt | Realogics Sotheby's Int'l Rlty | (206) 922-3846
Sold by Jakub Martisovits | AgencyOne

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 1519 5th Ave W

School District:Seattle School District
NameGradesDistance
Hay Elementary School
201 Garfield Street, Seattle, WA 98109
PK-50.5 mi
Mcclure Middle School
1915 1st Avenue West, Seattle, WA 98119
6-80.3 mi
Lincoln High School, Seattle, WA
4400 Interlake Avenue North, Seattle, WA 98103
9-122.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1519 5th Ave W

Date
Details
Price
Change
Source
10/22/2025
Sold
$400,000
-11.11%
MLS
6/11/2025
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Denise Seavitt | Realogics Sotheby's Int'l Rlty | (206) 922-3846
Sold by Jakub Martisovits | AgencyOne

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1519 5th Avenue W, Seattle, WA 98119 (MLS# 2382278) is a Land Residential property that was sold at $400,000 on October 22, 2025. Want to learn more about 1519 5th Avenue W? Do you have questions about finding other Land Residential real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.