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$1,950,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 10 days ago

Listed by Michael O Doyle | Windermere Real Estate Midtown | (206) 527-5445 and Harold Berry | Windermere Real Estate Midtown | (206) 957-9441

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Lower Queen Anne/Uptown: the best/closest neighborhood to downtown Seattle. Great for an owner-operator or remote owner, 554 Prospect is a rarely available, purpose-built and recently renovated, 5-unit workhorse. The location is unparalleled: a burgeoning neighborhood with easy access to a myriad of coffee, bars, restaurants, shopping & entertainment. The 2013-studs-out-renovation includes one studio, two 2-bedrooms, and two 2-bedroom + den homes (convert & use the dens as bedrooms?). Private storage units (all homes) & in-unit laundry (4 homes). Seattle Center, Climate Pledge, South Lake Union, and the top of Queen Anne are moments away. With an 84 ("Very Walkable") Walkscore, 554 Prospect is a great addition (or start) to your portfolio.

Full Property Details for 554 Prospect St

General

  • Price: $1,950,000
  • Taxes: $13,807 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2462772
  • Updated: 1/5/2026
  • Added to Site: 12 day(s) ago

Interior

  • Flooring: Ceramic Tile, Engineered Hardwood, Vinyl, Carpet

Location

  • Area: 700 - Queen Anne/Magnolia
  • County: King
  • Subdivision: Queen Anne
  • Driving Directions: From I-5, take exit 167 toward Mercer St. Continue on Mercer, turn right on 5th Ave N, then left on Taylor Ave N. Turn right on Prospect St. 554 Prospect is on the left in Queen Anne.

School Information

  • High School District: Seattle
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 5,656
  • Year Built: 1909

Unit Information

  • Units in Building: 5

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.0875
  • Lot Size (Sq. Ft.): 3,813
  • Lot Size Source: Realist
  • Lot Features: Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $13,807
  • Tax Year: 2025
  • Terms: Cash Out

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 5457801955
  • Block: 54
  • Lot Number: 8

Listed by Michael O Doyle | Windermere Real Estate Midtown | (206) 527-5445 and Harold Berry | Windermere Real Estate Midtown | (206) 957-9441

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 554 Prospect St

School District:Seattle School District
NameGradesDistance
Hay Elementary School
201 Garfield Street, Seattle, WA 98109
PK-50.4 mi
Queen Anne Elementary School
411 Boston Street, Seattle, WA 98109
K-50.6 mi
Mcclure Middle School
1915 1st Avenue West, Seattle, WA 98119
6-80.8 mi
The Center School
305 Harrison Street, Seattle, WA 98109
9-120.5 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 554 Prospect St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/05/2026
Listed
$1,950,000
53.54%
MLS
11/29/2011
Sold
$1,270,000
—
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 554 Prospect St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,715
—
$1,410,000
-17%
2024
$14,715
2%
$1,693,000
—
2022
$14,482
-14%
$1,693,000
14%
2021
$16,907
—
$1,486,000
-15%
2021
$16,907
—
$1,746,000
-1%
2020
$16,924
27%
$1,768,000
15%
2019
$13,303
-6%
$1,538,000
8%
2018
$14,191
12%
$1,429,000
9%
2017
$12,615
23%
$1,312,000
27%
2016
$10,249
18%
$1,034,000
15%
2015
$8,706
1%
$896,000
12%
2014
$8,590
—
$800,000
—
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 Michael O Doyle | Windermere Real Estate Midtown | (206) 527-5445 and Harold Berry | Windermere Real Estate Midtown | (206) 957-9441

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554 Prospect Street, Seattle, WA 98109 (MLS# 2462772) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 554 Prospect Street is currently listed for $1,950,000 and was received on January 05, 2026. Want to learn more about 554 Prospect Street? 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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