512 5th Ave W
Seattle WA 98119

The Standard

512 5th Ave W Seattle WA 98119

Listing #: 686277 | Status: Available | Last Modified: 9/25/2024 |

For Sale
Candice Chevaillier, CCIM
Daniel Lim
Dea Sumantri
Chris Larsen
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 5,995,000.0
  • $/SF$ 464.7
  • $/Unit$ 5,995,000.0
  • Listing StatusAvailable
  • Days on Market24
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income457,431
  • Vacancy Factor %5.00%
  • Operating Expenses163,927
  • Net Operating Income270,632
  • CAP Rate 4.90 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.90 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units20
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF12900
  • Net Rentable Area12900
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF12197
  • Acres0.28
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building ClassB
Location
  • CountyKing
  • VicinityQueen Anne
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaQueen Anne/Magnolia
  • Tax ID #1990200150
  • Additional Parcels
  • ZoningMR(M)
Construction
  • Year Built1957
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Uptown Queen Ann - Unrivaled Location With Multipl

Public Comments

The Lee & Associates NW Multifamily Team is pleased to present the exclusive listing of The Standard, a 20-unit building located in the Uptown Queen Anne neighborhood of Seattle. Attractively situated near the Seattle Center and the Puget Sound waterfront, The Standard provides tenants the excellent access to work, school & play. The unit mix consist of 16 1-bed, two 2-bed units and two 3-bed units with mid-century floorplans averaging in size of 600 sf for the 1-bedrooms up to 900 sf for the 3-bedrooms. The majority of the units have received updated cabinetry, counters, tiled backsplashes and appliances. The original wood flooring has been persevered in the units. Potential opportunities for additional lift in returns could be created with the addition of in-unit washer/dryers an

Listing Images