$1,950,000

0 Beds 0 Baths 5,656 SQFT 0.09 Acres

Type: Multi-Family

554 Prospect Street
Seattle, WA 98109

MLS#: 2462772

Presented by: Windermere Real Estate Midtown and NWMLS

Property Description

Lower Queen Anne/Uptown: the best/closest neighborhood to downtown Seattle. Great for an owner-operator or remote owner, 554 Prospect is a rarely available, purpose-built and recently renovated, 5-unit workhorse. The location is unparalleled: a burgeoning neighborhood with easy access to a myriad of coffee, bars, restaurants, shopping & entertainment. The 2013-studs-out-renovation includes one studio, two 2-bedrooms, and two 2-bedroom + den homes (convert & use the dens as bedrooms?). Private storage units (all homes) & in-unit laundry (4 homes). Seattle Center, Climate Pledge, South Lake Union, and the top of Queen Anne are moments away. With an 84 ("Very Walkable") Walkscore, 554 Prospect is a great addition (or start) to your portfolio.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringCeramic Tile, Engineered Hardwood, Vinyl, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories2

General

AmenitiesBasement, Storage

Building Area Units0 sqft

Cap Rate5.67

Carport Spaces0

Carport Y/NNo

CitySeattle

CoolingNone

CountyKing

DirectionsFrom I-5, take exit 167 toward Mercer St. Continue on Mercer, turn right on 5th Ave N, then left on Taylor Ave N. Turn right on Prospect St. 554 Prospect is on the left in Queen Anne.

Electric Expense0

Elementary SchoolBuyer To Verify

Fuel Expense0

HOANo

HOA Fee$0

HeatingForced Air

High SchoolBuyer To Verify

High School DistrictSeattle

Insurance Expense3750

Leasable Area3,977 sqft

Listing TermsCash

Living Area0 sqft

Lot Size Square Feet3,813 sqft

Lot Size UnitsSquare Feet

MLS Area700 - Queen Anne/Magnolia

Middle/Junior High SchoolBuyer To Verify

NWM_ShowMapLinkY

Net Operating Income110475

New ConstructionNo

Number Of Units Total5

Open Parking Spaces0

PossessionClosing, Subject to Tenant Rights

Possible UseMulti-Family

Property Style55 - 5-9 Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksLower Queen Anne/Uptown: the best/closest neighborhood to downtown Seattle. Great for an owner-operator or remote owner, 554 Prospect is a rarely available, purpose-built and recently renovated, 5-unit

RoofComposition

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameQueen Anne

Tax Annual Amount$13,807

Tax Year2025

Units Below Gradetrue

Units In Building Total5

ViewTerritorial

Virtual TourClick here

Water CompanySPU

Water Sewer Garbage8804

Year Built1909

Zoning DescriptionMulti-Family

Exterior

Building Area Total5,656 sqft

Covered Spaces0

Exterior AmenitiesWood Products

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesCurbs, Paved, Sidewalk

Lot Number8

Lot Size Acres0.0875

Parking Uncovered Spaces0

Total Parking0

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School Buyer To Verify High School

Middle School Buyer To Verify Middle School

Elementary School Buyer To Verify Elementary School

Similar Properties

$1,950,000

0 Beds 0 Baths 5,656 SQFT 0.09 Acres

Type: Multi-Family

554 Prospect Street
Seattle, WA 98109

MLS#: 2462772

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Property

$1,950,000

554 Prospect StreetSeattle, WA 98109

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,950,000

554 Prospect StreetSeattle, WA 98109

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554 Prospect Street
Seattle, WA 98109

554 Prospect Street
Seattle, WA 98109