Listed by Kidder Mathews
$5,490,000

509 19th Ave E Seattle, WA 98112

Capitol Hill Neighborhood

Estimated payment $34,173/month

Total Views 2,835
3 Beds
3 Baths
13,405 Sq Ft
$410 Price per Sq Ft

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.

Listing Agent

Max Frame

Kidder Mathews License #130533 Listed on: 12/01/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2458090

Northwest Multiple Listing Service (NWMLS)

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$64,892

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1968
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 13405
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 1.5%
  • Special Features: None

Interior Features

  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Torch Down
  • View: City
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 17

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle Light
  • SewerCompany: SPU
  • WaterCompany: SPU

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 11042

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 4232400315
  • Lot Size Acres: 0.3857
  • Lot Size: 16800
  • Lot Size Sq Ft: 16800
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: KCPV
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 38136

Tax Info

  • Year: 2025
  • Tax Annual Amount: 64892

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 11041
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2458090

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98112 Capitol Hill

509 19th Ave E, Seattle, WA

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Max Frame
Listing Agent
Max Frame
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Kidder Mathews
(206) 944-6149