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Unique opportunity to own a lot in the prime Queen Anne neighborhood provides you with a steady stream of income from the ground lease. Yep, there is a 5-unit condominium built on the property and it pays monthly income to you, plus the property taxes and the insurance. The rental income increases yearly and also when a unit sells, so the income stream will also increase. So, you can park your money here and watch the land appreciate over time AND watch the income increase over time as well! 2024 gross rental income is $24,697.35
- Neighborhood
- Type
- CountyKing
- Area700 - Queen Anne/Magnolia
- StatusActive
- Listing #2237590
- Lot Size0.14
- Listed on site312 days
Listed by:
Realogics Sotheby's Int'l Rlty
Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-05-09 19:59:42. DMCA
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Property details
Community Features
- No HOA
- No Adult Community
Exterior features
- No Pool
Property History
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Mar 28, 2025 | 1 mo ago | Price decreased100,000 (15%) | $550,000 |
| Nov 14, 2024 | 6 mos ago | Price decreased100,000 (13%) | $650,000 |
| Aug 27, 2024 | 9 mos ago | Price decreased150,000 (17%) | $750,000 |
| Jul 1, 2024 | 10 mos ago | New on market | $900,000 |
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