LISTING DETAILS

The Standard

512 5th Ave W Seattle WA 98119

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

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income457,431
Vacancy Factor %5.00%
Operating Expenses163,927
Net Operating Income270,632
CAP Rate4.90 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate4.896
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units20
Total Building SF12,900 SF
Net Rentable Area12,900 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF12,197 SF
Acres0.28
Year Built1957
Property Type
Property TypeMulti-Family
InvestmentYes
Building ClassB
Location
CountyKing
VicinityQueen Anne
Market AreaQueen Anne/Magnolia
Tax ID #1990200150
ZoningMR(M)

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

The Standard
512 5th Ave W Seattle WA 98119

Listing #: 686277 | Status: Available | Listing Date: 9/3/2024 | Last Modified: 9/25/2024 | Email Listing

For Sale

The Standard

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