About 1249 5th Avenue N
Rare Value-Add/Development opportunity in excellent east slope Queen Anne location, one block north of Highland Drive, with outstanding views of the city, Lake Union, and the Cascade Mountains. The property offers potential for interior/exterior upgrades that could lead to significant rental increases and improved returns. The zoning allows new development for about 20 500sf apartment units or 10 1,250sf townhouse units (Buyer to verify). Great flexibility to start the project promptly or hold with current leases.
Features of 1249 5th Avenue N
| MLS® # | 2056157 |
|---|---|
| List Price | $2,100,000 |
| Sale Price | $1,800,000 |
| Price Per SqFt | $378 |
| Bathrooms | 0.00 |
| Square Footage | 4,762 |
| Acres | 0.16 |
| Year Built | 1912 |
| Type | Income |
| Sub-Type | Multi Family |
| Status | Sold |
Community Information
| Address | 1249 5th Avenue N |
|---|---|
| Area | 700 - Queen Anne/Magnolia |
| Subdivision | Queen Anne |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98109 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Brick, Stucco, Wood |
|---|---|
| Lot Description | Dead End Street, Value In Land |
School Information
| District | Seattle |
|---|
Additional Information
| Days on Market | 438 |
|---|---|
| Cumulative Days on Market | 438 |
| Days on Website | 94 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |