Active · Residential Income

819 6th Avenue N, Seattle, WA 98109

Seattle, WA 98109

$1,695,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Paragon Real Estate Advisors · MLS #2584222 · Active

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About this property

The Iowan Apartments is a seven-unit apartment building located on the South slope of Queen Anne. The building is priced at a current 5.5% cap rate and has been extensively upgraded including a re-plumb of the building supply lines (2026), a new roof (2025), new central hot water tank (2024), double pane vinyl windows, and square D electrical panels throughout the building. The property includes seven open parking stalls accessed off the alley. The property comprises 4,870 net rentable square feet across seven units, averaging 696 square feet, with a mix of one studio, four one-bedroom units including one one-bedroom plus den, one two-bedroom, and one three-bedroom. Interior improvements completed upon natural turnover support potential monthly income of approximately $17,234, representing a 25.1% increase. The property is zoned LR3 (M) within the Uptown Urban Center, with a 2.3 FAR and a 50 foot height limit on a 5,610-square-foot lot. The existing building utilizes approximately half of the site’s maximum permitted floor area, creating meaningful future development optionality. Uptown has no residential parking minimum, providing flexibility for future redevelopment. See the Development Optionality section for additional details. Located two blocks north of Seattle Center, the property offers immediate access to Climate Pledge Arena, the Space Needle, Seattle Center Monorail, and the surrounding Uptown amenity base.

Property details

Property type: Multi Family
Year built: 1910
Lot size: 5,610 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $19,981 (2026)
Parking spaces: 7
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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