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Listings/509 Apartments
509 Apartments
On the Market
Price: $5,490,000
Tours: Wed. 12/10: 1-3pm & Wed. 12/17: 1-3pm
Offers: Reviewed Upon Receipt. Offer review date TBA
Site Details
ADDRESS
509 19th Ave E, Seattle, WA
YEAR BUILT
1968
UNITS
19
AVG. UNIT SIZE
706
LAUNDRY
Common, 2W/2D
BUILDINGS
1
STORIES
3
PARKING
17 Stalls
LAND SIZE
16,800
Property Highlights
A+ Capitol Hill Location
Located in the heart of 19th Ave E retail corridor, just steps from some of the city’s top restaurants and bars.
Future Redevelopment Potential
Situated on a 16,800 SF parcel with NC1- 55(M) zoning, 509 presents an excellent redevelopment and land-bank opportunity.
Strong Cash-Flow
In-place operations provide steady and strong cash flow, with upside to increase rents while awaiting redevelopment.
Building Quality
With spacious units averaging 700 SF, plenty of parking, and updates to key building systems, 509 checks nearly every box for a perfect value-add asset.
Opportunity
Location
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