509 19th Ave E

Seattle, WA 98112

$5,490,000
Price
3
Beds
3
Baths
13,405 Sq. Ft.
$410 / Sq. Ft.
13,405
Sq. Ft.
$410
per Sq. Ft.
front view of a house with a yard
a front view of a house with a yard
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a view of entryway
a view of a hallway
an empty room with wooden floor and windows
a view of kitchen with wooden floor and electronic appliances
a view of a kitchen with a sink and a window
a kitchen with a refrigerator and white cabinets
a kitchen with stainless steel appliances a sink and a stove
a view of a kitchen with white cabinets and wooden floor
a kitchen with a sink a stove and a refrigerator
a kitchen with a stove and a white cabinets
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a kitchen that has a sink and a stove
a bathroom with a granite countertop sink a toilet and shower
a bathroom with a sink toilet and shower
an empty room with a window
a view of an empty room with a window
an empty room with windows
a kitchen with a sink stove and cabinets
a kitchen with a sink a cabinetry and refrigerator
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a bathroom with a granite countertop sink toilet and shower
an empty room with windows
wooden floor in an empty room with a window
a utility room with dryer and washer
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Listing provided courtesy of Kidder Mathews

Description

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...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.

Property Details for 509 19th Avenue East

Community Name
Capitol Hill
School District
Seattle
View
City
Number of Assigned Spaces
17
Total Covered Parking
0
Entry Date
12-01-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/01/2025 12:47 PM

Property Details for 509 19th Avenue East

StatusActive
MLS #2458090
Days on Market18
Cumulative Days on Market18
Taxes$64,892 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.39 AC / 16,800 SF
CountyKing County

Location

Listing Courtesy of Kidder Mathews
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Building Information for 509 19th Avenue East

Stories3Residences3Year Built1968Building Size-Lot Size0.39 AC / 16,800 SF

Payment Calculator

$32,536 per month

30 year fixed, 6.28% Interest

Principal and Interest

$27,128

Property Taxes

$5,408

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 509 19th Avenue East

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 390 - Central Seattle
  • Effective Year Built Source: Public Records
  • Directions: 509 19TH AVE E , SEATTLE, WA
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 17.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 27
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Ceramic Tile, Vinyl Plank, Carpet
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood
  • Roof: Torch Down
Property
Utilities
  • Water/Sewer/Garbage: 11041
  • Power Company: Seattle Light
  • Sewer Company: SPU
  • Water Company: SPU
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • First Right Of Refusal: false
  • MLS Square Footage Source: KCPV
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1968
  • Photos Count: 40
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk, Value In Land
  • Lot Size Dimensions: 16800
  • Lot Size Source: KCPV
  • Parcel Number Free Text: 4232400315
  • Building Condition: Good
  • Calculated Square Footage: 13405
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 13405.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 17
  • Number of Stories in Building: 3
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 19
Financing / Income and Expenses
  • Electric Expense: $11,041
  • Total Expenses: 186152
  • Gross Adjusted Income: 503798
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: $434,456
  • Insurance Expense: $6,856
  • Net Operating Income: $317,646
  • Other Expenses: $81,280
  • Total Monthly Income: 38136
  • Fuel Expense: $11,042
Unit 1
  • Name Unit 1: Studios - 2
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 404
  • Rent Unit 1: $1,465.00
  • Bedrooms Unit 1: 0
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 1x1 - 7
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 560
  • Rent Unit 2: $1,718.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 2x1 - 10
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 868
  • Rent Unit 3: $2,318.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 13405.0

Property History for 509 19th Avenue East

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Listed (Active)

NWMLS #2458090

$5,490,000—
Jun 17, 2014

Sold (Public Record)

Public Record #418191842

$3,721,800—
DateEvent & SourcePrice
12/01/2025

Listed (Active)

NWMLS #2458090

$5,490,000
06/17/2014

Sold (Public Record)

Public Record #418191842

$3,721,800

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 509 19th Avenue East

Taxable ValueLand$6,720,000Additions$1,000Total$6,721,000
Tax Record2024$63,683 ($5,307 / month)
Home Facts
Total Finished SqFt12,559 SqFtAbove Ground SqFt12,559 SqFtStories3Lot Size16,800 SqFtStyleMulti-Family Dwelling (2-4)Year Built1968Year Renovated1992ZoningNC1-55 (M)CountyKINGAPN423240-0315

Schools near 509 19th Avenue East

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Stevens Elementary School
Public - K to 5
Edmonds S. Meany Middle School
Public - 6 to 8
Garfield High School
Public - 9 to 12
Seattle World School
Public - 6 to 12
Rating
School
Distance
Stevens Elementary School
PublicK to 5

Edmonds S. Meany Middle School
Public6 to 8

Garfield High School
Public9 to 12

Seattle World School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 509 19th Avenue East, Seattle, WA 98112

509 19th Avenue East is a multi-family home for sale in Seattle, WA 98112. This property was listed for sale on December 1, 2025 by Kidder Mathews, it's currently listed at $5,490,000. It has been on the market for a total of 18 days and was last sold on June 17, 2014. This listing's school district is Seattle Public Schools. Nearby schools include Stevens Elementary School, Edmonds S. Meany Middle School and Garfield High School. 509 19th Avenue East is a 3-bed, 3-bath, 13,405 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/19/2025 12:28 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.