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$5,490,000

  • For Sale
  • Active
  • Multi-Family

Listed by Max Frame | Kidder Mathews | (360) 705-2800

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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.

Full Property Details for 509 19th Ave E

General

  • Price: $5,490,000
  • Taxes: $64,892 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2458090
  • Updated: 12/1/2025
  • Added to Site: 48 day(s) ago

Interior

  • Flooring: Ceramic Tile, Vinyl Plank, Carpet

Parking

  • Uncovered Spaces: 17

Location

  • Area: 390 - Central Seattle
  • County: King
  • Subdivision: Capitol Hill
  • Driving Directions: 509 19TH AVE E , SEATTLE, WA

School Information

  • High School District: Seattle

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood
  • Roof: Torch Down
  • Stories in Building: 3
  • Square Feet: 13,405
  • Year Built: 1968
  • Property Condition: Good

Unit Information

  • Units in Building: 19

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.3857
  • Lot Size (Sq. Ft.): 16,800
  • Lot Size Source: KCPV
  • Lot Dimensions: 16800
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land

Financial Considerations

  • Tax Amount: $64,892
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 4232400315

Listed by Max Frame | Kidder Mathews | (360) 705-2800

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NMLS#: 1598647

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Schools serving 509 19th Ave E

School District:Seattle School District
NameGradesDistance
Stevens Elementary School, Seattle, WA
1242 18th Avenue East, Seattle, WA 98112
K-50.5 mi
Edmonds S. Meany Middle School
301 21st Avenue East, Seattle, WA 98112
6-80.2 mi
Garfield High School
400 23rd Avenue, Seattle, WA 98122
9-121.3 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 509 19th Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/01/2025
Listed
$5,490,000
47.51%
MLS
6/17/2014
Sold
$3,721,800
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 509 19th Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2024
$63,683
—
$6,721,000
14%
2024
$63,683
26%
$5,889,000
—
2022
$50,483
-18%
$5,889,000
7%
2021
$61,230
—
$5,498,000
-13%
2021
$61,230
4%
$6,323,000
3%
2020
$58,594
37%
$6,111,000
24%
2019
$42,801
-3%
$4,921,000
11%
2018
$44,331
6%
$4,437,000
2%
2017
$41,880
1%
$4,341,000
3%
2016
$41,405
63%
$4,198,000
62%
2015
$25,463
4%
$2,590,000
15%
2014
$24,476
—
$2,251,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Max Frame | Kidder Mathews | (360) 705-2800

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509 19th Avenue E, Seattle, WA 98112 (MLS# 2458090) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 509 19th Avenue E is currently listed for $5,490,000 and was received on December 01, 2025. Want to learn more about 509 19th Avenue E? Do you have questions about finding other Multi-Family real estate for sale in Broadway? You can browse all Broadway real estate or contact a Coldwell Banker agent to request more information.

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