512 5th Ave W
Seattle WA 98119
The Standard
512 5th Ave W Seattle WA 98119
Listing #: 686277 | Status: Available | Last Modified: 12/20/2024 |
For Sale
- Phone:(206) 604-3400
- Email:cchevaillier@lee-associates.com
- Office Name:Lee & Associates Comm R.E Serv
- Office Phone:(206) 624-2424
- Office Website:www.lee-nw.com
- Agent Phone:(206) 773-2696
- Agent Email:dlim@lee-associates.com
- Agent Phone:(206) 773-2680
- Agent Email:dsumantri@lee-associates.com
- Agent Phone:(925) 719-3480
- Agent Email:clarsen@lee-associates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 5,995,000.0
- $/SF$ 464.7
- $/Unit$ 5,995,000.0
- Listing StatusAvailable
- Days on Market110
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income466,530
- Vacancy Factor %5.01%
- Operating Expenses164,383
- Net Operating Income278,792
- CAP Rate 5.04 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.04 %
- 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 TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyKing
- VicinityQueen Anne
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #1990200150
- Additional Parcels
- ZoningMR(M)
- Year Built1957
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Uptown Queen Ann - Unrivaled Location With Multipl
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