Property Details

5201 19th Avenue NE
Seattle, WA 98105
$1,950,000
MLS# 2532544 courtesy of NWMLS Listing firm: Windermere Real Estate Co.

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5201 19th Avenue NE, Seattle, WA 98105, Seattle

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Multi-Family
Property Type
5,200
Bldg Sq Ft
2
Units
6.70%
Cap Rate
1911
Year Built

Property Overview

Landmark Corner Lot Cape Cod Colonial is "the best of the best". Find vintage grandeur, wide halls & 8 unique commons: classic 330 sqft Living Room, 240 sqft Formal Dining, two full kit's, two full pantries & two sunny study nooks. Always rented by UW Groups 10+ years w/ Zero Vac: $13,150/m Sept 2015 & still $13,150/m 2026, same owner 20 yrs, 10 yr GAI $1.578M. No old systems: head to toe remodel on permit 1990, insp'd & finaled, eff yr blt 1995. Then two gas furnaces (2019), new sewer to main ($34,000 2016), four gas water tanks (2016 & 2020), new roof (2015), deep & wide window wells, etc. Rare all 16 BR's are huge, some fun shapes, lower level BR's all 15' long & half above grade per primary image. All half baths & showers w/ priv doors. Big laundry rm w/ two washers & dryers & bicycle storage area. Rare 60 x 108 = 6480 sqft/ parking 5+. Cascade Sunrise Views locked in by NE 52nd, please stroll "secret stairs" to U-Village by #2008 NE 52nd. How to attract and retain the very best candidates?

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County King
Neighborhood University District
Listed Jun 3, 2026
Structure Type Duplex
Parcel Number 8823900180

Tax & HOA

Annual Property Tax $22,151 (2026)
Est. Monthly Tax $1,846/mo

Financial Summary

Cap Rate 6.70%
Net Operating Income $132,350
Gross Scheduled Income $157,800
Gross Rent Multiplier 12.60
Total Expenses $25,450

Building & Use

Building Sq Ft 5,200
Leasable Area 5,080 sqft
Total Units 2
Zoning Residential
Possible Use Residential
Lot Size 6,482 sqft
Year Built 1911

Exterior & Lot

Lot Size 0.15 sqft
Year Built 1911
Exterior Materials See Remarks
Sewer Sewer Connected
Lot Features Alley, Corner Lot, Curbs, Paved, Sidewalk
Exterior Features See Remarks

Community & Access

Directions From I-5, east on NE 50th, then north on 19th NE.

Location

City Seattle
County King
Coordinates 47.66649, -122.30733

Additional Information

Tax Year 2026
Annual Taxes $22,151
Possession Array
Listed By
Matt Townsend
Windermere Real Estate Co.

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