#2344961, Sam Konswa, Listing Office: Queen Anne Real Estate

1519 5th Ave W Seattle, WA 98119
Property details
About 1519 5th Ave W
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
Highlights
Summary
- MLS Number: 2237590
- MLS Name: NWMLS
- Office Name: Realogics Sothebys Intl Rlty
- Office Phone: (206) 922-3846
- Listing Agent: Denise Seavitt
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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Last updated on: 4/23/2025, 4:17:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$550,000
1519 5th Ave W
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Price information
Property sales
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Tax history
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Nearby schools
9
Frantz Coe Elementary School
Public District KG-5
0.5 mi
•2424 7th Ave W
6
John Hay Elementary School
Public District PK-5
0.6 mi
•201 Garfield St
9
Queen Anne Elementary School
Public District KG-5
0.8 mi
•2100 4th Ave N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $97,024. Residents of Seattle, WA typically earn between $35k-100k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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Frequently asked questions
About 1519 5th Ave W
This home is located at 1519 5th Ave W in Seattle, WA and zip code 98119 in the West Queen Anne neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 1, 2024 and is currently priced at $550,000.
Seattle, WA housing market in March 2025 saw over 260 listings sold above listed price, more than 262 sold at listed price and over 241 sold below. The number of listings in Seattle, WA increased by 23.2% between February and March 2025. Listings spent 34 days on the market in March 2025, and had a median list price of $849,430 during the same period.