Share this with your friends
2534483658
Real Estate Company
1012 Queen Anne Avenue N, Seattle, WA 98109
- $5,795,000
- 16,450
- SqFt
Listing Broker: Paragon Real Estate Advisors; Cathy Jeney; 206-595-5557; cjeney@paragonrea.com
- List Price
- $5,795,000
- Status
- ACTIVE
- MLS#
- 2591149
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Finished SqFt
- 16,450
- Area Total SqFt
- 16450
- Annual Tax Ammount
- 56514
- Lot Size (sq ft)
- 9,600
- Sewer
- Sewer Connected
Property Description
Excellent opportunity to acquire a historic 24-unit community on the coveted South Slope of Seattle’s Queen Anne neighborhood. Built in 1913, this classic wood-framed brick building pairs timeless character with modern comfort. The Montanita offers a well-balanced mix of studio, one-bedroom, and two-bedroom floor plans with broad appeal to the area’s renter base. Units are light-filled, with hardwood floors and ample closet space. The two-bedroom units include both an eating nook off the kitchen as well as a formal dining room. Upper-floor units enjoy views of Elliott Bay, the downtown skyline, and the Space Needle. Many units feature thoughtfully updated interiors while preserving the building’s original charm, including classic built-ins and French glass doors between the dining and living rooms. Situated between Lower and Upper Queen Anne, the Montanita offers an exceptional urban lifestyle defined by walkability and convenience, reflected in its Walk Score of 94, a true “Walker’s Paradise.” Kerry Park, home to Seattle’s most iconic skyline views, is just blocks away, as are Seattle Center, the Space Needle, and Climate Pledge Arena, home of the Seattle Kraken. Residents also have an abundance of cafés, acclaimed restaurants, boutiques, and bars at their doorstep, along with a Trader Joe’s just a short walk away.
Additional Information
- List Date
- 2026-10-07 16:13:12
- Community
- Queen Anne
- Net Operating Income
- $195,304
- Gross Adjusted Income
- $529,541
- Gross Scheduled Income
- $557,412
- Total Monthly Income
- $46,451
- Insurance Expenses
- $14,313
- Water/Sewer/Garbage Expenses
- $43,074
- Gross Rent Multiplier
- 10.4
- Total Expenses
- $195,304
- Cap Rate
- 5.77
- Vacancy Rate
- 5
- Total Number of Units
- 24
- Unit Name
- 1012
- Potential Terms
- Cash, Owner Will Carry
- Year Built
- 1913
- View
- Bay, City
- Roof
- Flat
- Other Expenses
- 81403
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $46,451
- Gross Scheduled Income
- $557,412
- Vacancy Rate
- 5
- Gross Adjusted Income
- $529,541
- Tax Year
- 2026
- Insurance Expense
- $14,313
- W/S/G Expenses
- $43,074
- Total Expenses
- $195,304
- Net Operating Income
- $195,304
- Gross Rent Multiplier
- 10.4
- Cap Rate
- 5.77
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.