The Standard, 20-units located in the Uptown Queen Anne. Attractively situated near the Seattle Center & the waterfront. The unit mix consist of 16 1-bed, two 2-bed units & two 3-bed units. Opportunities for lift with the addition of in-unit w/d & converting the laundry rooms into units also a 12,020sf MR (M) zoned lot, initial studies suggest 75+ unit development potential (buyer to verify). The acquisition of the Standard not only secures a prime piece of Seattle real estate but also offers potential for future development & appreciation. With its strategic location, rental upside & multiple exit strategies, the Standard is an exceptional opportunity for investors seeking a blend of immediate rental income & long-term opportunities.
Property Details
Property Features
Property Information:
Year Built: 1957
Stories: 2
Living Area: 12,900 SqFt
Listing Office:
Office Name: Lee & Associates Commercial RE
Office Phone: (206) 267-1457
Listing Agent: Daniel Lim
Exterior Features
Exterior Information:
Exterior: Brick
Lot Features
Lot Information:
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Heating: Baseboard
Cooling: None
Other
Directions Information:
Directions: Heading west on Mercer turn right on 5th Ave W building is on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $5,995,000
Price Per SqFt: $465/SqFt
Tax Information:
Annual Amount: $62,210
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Seattle, WA.
This property is $5.1M more than the Median Sold Price and $102/SqFt less than other homes in Seattle, WA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NWMLS
MLS Number: #2289839
Listing Office:
Office Name: Lee & Associates Commercial RE
Office Phone: (206) 267-1457
Listing Agent: Daniel Lim
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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.
Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 10:17:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 31, 2018
Jul 31, 2018Home Sold
$7,004,000
Jul 31, 2015
Jul 31, 2015Home Sold
$3,666,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$62,210
$6,500,000
2018
$39,250
$4,562,000
2017
$39,612
$4,000,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
John Hay Elementary School
201 Garfield St
Distance between this listing and this school0.80 miles
Public District Grades PK-5
9
/10
Frantz Coe Elementary School
2424 7th Ave W
Distance between this listing and this school1.15 miles
Public District Grades KG-5
9
/10
Queen Anne Elementary School
2100 4th Ave N
Distance between this listing and this school1.17 miles
Public District Grades KG-5
Nearby Schools
6
/10
McClure Middle School
1915 1st Ave W
Distance between this listing and this school0.90 miles
Public District Grades 6-8
6
/10
Cascade Parent Partnership Program
2919 1st Ave W
Distance between this listing and this school1.55 miles
Public District Grades KG-8
9
/10
Catharine Blaine K-8 School
2550 34th Ave W
Distance between this listing and this school2.15 miles
Public District Grades KG-8
Nearby Schools
9
/10
The Center School
305 Harrison St
Distance between this listing and this school0.60 miles
Public District Grades 9-12
1
/10
Seattle World School
1700 E Union St
Distance between this listing and this school2.62 miles
Public Magnet Grades 6-12
9
/10
Lincoln High School
4400 Interlake Ave N
Distance between this listing and this school2.71 miles
The neighbors living near this home have an average income of $45,854. The most common annual income of people living in Seattle, WA is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 512 5th Ave W
What is the listing price of this property?
The listing price of 512 5th Ave W property is $5,995,000.
What type of property is this?
The property 512 5th Ave W is a house located in Seattle, Washington, 98119.
Is this property for sale now?
Active Listing: 512 5th Ave W is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $62,210 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 31, 2018 for $7,004,000. (source: MLS/tax record).
What is the square footage of this property?
The property 512 5th Ave W is 12,900 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 512 5th Ave W is 1957.
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This home is located at 512 5th Ave W in Seattle, WA and zip code 98119 in the Lower Queen Anne neighborhood. This 12,900 square foot home, which was built in 1957, sits on a 0.28 acre lot. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $5,995,000.
In November 2024 more than 135 listings in Seattle, WA were sold above the asking price. During the same period more than 195 listings were sold at asking price, while more than 305 were sold below. The inventory of homes for sale in Seattle, WA between October 2024 and November 2024 decreased by 10.9%. In November 2024 median list price was $846,981 and the average listing age was 40 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
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