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
Listing Provided Courtesy of Denise Seavitt, Realogics Sotheby's Int'l Rlty
General Information
NWM2382278
Land
385
DOM
6041.77 SqFt
0
Multi-F
King
Land
Land
Listing Provided Courtesy of Denise Seavitt, Realogics Sotheby's Int'l Rlty
Krishna Realty data last checked: Sep 04, 2025 07:38 | Listing last modified Sep 02, 2025 23:10,
Source:
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Residence Information
0
40 - Res-Less thn 1 Ac
Features and Utilities
On Property
On Property
Financial
0
Cash Out
06-11-2025
Comparable Information
385
385
Cash Out
$450,000
$450,000
Sep 02, 2025 23:10
Schools
Map
Listing courtesy of Realogics Sotheby's Int'l Rlty.
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
