509 19th Ave E Seattle, WA 98112
Capitol Hill NeighborhoodEstimated payment $33,917/month
Highlights
- City View
- 0.39 Acre Lot
- Ceramic Tile Flooring
- Stevens Elementary School Rated A-
- No HOA
- Baseboard Heating
About This Home
Built in 1968, this 19-unit apartment building offers an A+ Capitol Hill location in the heart of the 19th Ave E retail corridor, just steps from some of Seattle’s top restaurants and bars. The property features a desirable mix of spacious 1-bedroom and 2-bedroom units averaging approx. 706 SF, ample parking, and updates to key building systems. In-place operations provide steady, strong cash flow with clear upside through rent increases and unit improvements. Situated on a 16,800 SF parcel with NC1-55(M) zoning, 509 presents an exceptional value-add, land-bank, and future redevelopment opportunity in one of the city’s most coveted neighborhoods.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2458090
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $64,892
Year Built
- Built in 1968
Lot Details
- 0.39 Acre Lot
- Value in Land
- Property is in good condition
Home Design
- Bitumen Roof
- Wood Siding
Interior Spaces
- 13,405 Sq Ft Home
- 3-Story Property
- City Views
Flooring
- Carpet
- Ceramic Tile
- Vinyl Plank
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 17 Parking Spaces
- Open Parking
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- Capitol Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 4232400315
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $64,892 | $6,721,000 | $6,720,000 | $1,000 |
| 2023 | $50,483 | $6,721,000 | $6,720,000 | $1,000 |
| 2022 | $51,067 | $5,889,000 | $3,948,000 | $1,941,000 |
| 2021 | $61,230 | $5,498,000 | $3,948,000 | $1,550,000 |
| 2020 | $58,594 | $6,323,000 | $3,864,000 | $2,459,000 |
| 2018 | $44,331 | $4,921,000 | $3,192,000 | $1,729,000 |
| 2017 | $41,880 | $4,437,000 | $3,024,000 | $1,413,000 |
| 2016 | $41,405 | $4,341,000 | $1,428,000 | $2,913,000 |
| 2015 | $25,463 | $4,198,000 | $1,428,000 | $2,770,000 |
| 2014 | -- | $2,590,000 | $1,428,000 | $1,162,000 |
| 2013 | -- | $2,251,000 | $1,428,000 | $823,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2025 12/01/25 | For Sale | $5,490,000 | -- | $410 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2458090
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