605 5th Ave N | Seattle, WA 98109
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- LoopNet Team
605 5th Ave N
Seattle, WA 98109
5th and Mercer · Multifamily Property For Sale
·
51 Units
Investment Highlights
- First time on the market in over 60 years.
- Unbeatable vintage charm with value-add upside potential.
- Space needle and downtown Seattle views from select units.
- Outstanding accessibility with a walk score of 97, transit score of 82, and bike score of 88.
- Prime Queen Anne neighborhood location within walking distance of 100+ bars and restaurants.
- Short commute to employment hubs of South Lake Union & Downtown Seattle.
Property Facts
| No. Units | 51 | Building Size | 47,276 SF |
| Property Type | Multifamily | Average Occupancy | 73% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1926 |
| Building Class | C | Parking Ratio | 0.44/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | SM-UP 85 (M1) | ||
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 47,276 SF |
| Average Occupancy | 73% |
| No. Stories | 4 |
| Year Built | 1926 |
| Parking Ratio | 0.44/1,000 SF |
| Zoning | SM-UP 85 (M1) |
Amenities
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 470 |
| 1+1 | 26 | - | 510 - 775 |
| 2+1 | 1 | - | 830 |
Property Taxes
| Parcel Number | 545780-1380 | Improvements Assessment | $3,851,000 |
| Land Assessment | $7,458,000 | Total Assessment | $11,309,000 |
Property Taxes
Parcel Number
545780-1380
Land Assessment
$7,458,000
Improvements Assessment
$3,851,000
Total Assessment
$11,309,000
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