819 6th AVE N, Seattle, WA 98109
819 6th AVE N, Seattle, WA 98109
819 6th AVE N, Seattle, WA 98109
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Ranjani Ravi

Ranjani Ravi

+1(408) 613-7623
Listed by:Paragon Real Estate Advisors • Michael Urquhart
$1,695,000
Est. payment /mo
9 Beds
7 Baths
4,870 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,870 sqft

Price per Sqft $348

Subdivision Queen Anne

MLS Listing ID 2584222

Style 55 - 5-9 Units

Bedrooms 9

Year Built 1910

Annual Tax Amount $19,981

Lot Size 5,610 Sqft

Property Sub-Type Multi Family

Property Description

The Iowan Apartments is a seven-unit apartment building located on the South slope of Queen Anne. The building is priced at a current 5.5% cap rate and has been extensively upgraded including a re-plumb of the building supply lines (2026), a new roof (2025), new central hot water tank (2024), double pane vinyl windows, and square D electrical panels throughout the building. The property includes seven open parking stalls accessed off the alley. The property comprises 4,870 net rentable square feet across seven units, averaging 696 square feet, with a mix of one studio, four one-bedroom units including one one-bedroom plus den, one two-bedroom, and one three-bedroom. Interior improvements completed upon natural turnover support potential monthly income of approximately $17,234, representing a 25.1% increase. The property is zoned LR3 (M) within the Uptown Urban Center, with a 2.3 FAR and a 50 foot height limit on a 5,610-square-foot lot. The existing building utilizes approximately half of the site's maximum permitted floor area, creating meaningful future development optionality. Uptown has no residential parking minimum, providing flexibility for future redevelopment. See the Development Optionality section for additional details. Located two blocks north of Seattle Center, the property offers immediate access to Climate Pledge Arena, the Space Needle, Seattle Center Monorail, and the surrounding Uptown amenity base.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Available

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Ranjani Ravi

Ranjani Ravi

+1(408) 613-7623

Managing Broker License ID: 23004133

Managing Broker License ID: 23004133

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