The Standard, 20-units located in the Uptown Queen Anne. Attractively situated near the Seattle Center & the waterfront. The unit mix consist of 16 1-bed, two 2-bed units & two 3-bed units. Opportunities for lift with the addition of in-unit w/d & converting the laundry rooms into units also a 12, 020sf MR (M) zoned lot, initial studies suggest 75+ unit development potential (buyer to verify). The acquisition of the Standard not only secures a prime piece of Seattle real estate but also offers potential for future development & appreciation. With its strategic location, rental upside & multiple exit strategies, the Standard is an exceptional opportunity for investors seeking a blend of immediate rental income & long-term opportunities.
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: Baseboard
- Heating Fuel: Electric
- Heating: Yes
Exterior and Lot Features
Land Info
- Lot Size Acres: 0.2759
- Lot Size Square Feet: 12020
Garage and Parking
- Open Parking Spaces: 10
- Open Parking: Yes
- Parking Total: 10
- Uncovered Spaces: 10
Rental Info
- Gross Scheduled Income: 488079
- Leasable Area: 12900
- Leasable Area Units: Square Feet
School Information
- High School District: Seattle
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Bedrooms in Unit-1: 3
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Bedrooms in Unit-6: 1
- Bedrooms in Unit-7: 1
- Bedrooms in Unit-8: 1
- Bedrooms in Unit-9: 1
- Bedrooms in Unit-10: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Total Bathrooms in Unit-7: 1
- Total Bathrooms in Unit-8: 1
- Total Bathrooms in Unit-9: 1
- Total Bathrooms in Unit-10: 1
- Unit-1 Square Feet: 900
- Unit-2 Square Feet: 750
- Unit-3 Square Feet: 600
- Unit 1 Total Actual Rent: 2563
- Unit 2 Total Actual Rent: 2235
- Unit 3 Total Actual Rent: 1645
Other Property Info
- Annual Tax Amount: 53874
- Source Listing Status: Active
- Country Region: US
- County: King
- Cap Rate: 5.04
- Directions: Heading west on Mercer turn right on 5th Ave W building is on the left.
- Tax Year: 2024
- Other Expense: 72540
- Source Property Type: Multi-Family
- Insurance Expense: 8500
- Area: 700 - Queen Anne/Magnolia
- List Development Name: Queen Anne
- Source Neighborhood: Queen Anne
- Parcel Number: 1990200150
- Street Suffix Modifier: Avenue
- Subdivision: Queen Anne
- Source System Name: C2C
- Buyer Agent Commission: 1
Commercial Info
- Net Operating Income: 302168
- Operating Expense: 164383
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
Building and Construction
- Building Area Total: 12900
- Building Area Units: Square Feet
- Living Area Units: Square Feet
- Property Age: 67
- Roof: Flat
- Building Total Stories: 2
- Structure Type: Multi Family
- House Style: 10+ Units
- Elevation Units: Feet
