New Listing
$1,695,000
 $9,099 est/mo Sourced by Back At You

819 6th Avenue,Seattle, WA 98109

Seattle, WA 98109

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Description

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.

Details

MLS #2584222
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1910
Days On Site7
Listing Provided ByParagon Real Estate Advisors | Michael Urquhart

Features

SQ Feet4,870
Story(s)3
Units7
ZoningMulti-Family
Acreage0.13

Taxes

Property19981

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98109
Area700 Queen Anne | Magnolia
Community NameQueen Anne
Listing VS Median (in Queen Anne)
Price:
$1,695,000
low | high
Med:
$744,500
100% of Average
sqft:
4,870
low | high
Med:
1,275
100% of Average
$ / sqft:
$348
low | high
Med:
$584
17.924172955351% of Average
On site:
7
low | high
Med:
25.5
27.450980392157% of Average
Sourced by Back At You

Market Activity 98109

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98109
Area700 Queen Anne | Magnolia
Community NameQueen Anne
Listing VS Median (in Queen Anne)
Price:
$1,695,000
low | high
Med:
$744,500
100% of Average
sqft:
4,870
low | high
Med:
1,275
100% of Average
$ / sqft:
$348
low | high
Med:
$584
17.924172955351% of Average
On site:
7
low | high
Med:
25.5
27.450980392157% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.271M - $2.118M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
362 Ward Street Property Photo 1
$5,308,000
362 Ward Street
Seattle, WA 98109
1107 4th Avenue Property Photo 1
$2,895,000
1107 4th Avenue
Seattle, WA 98109
Listing Updated: September 17, 2026 at 3:52:10 PM PDT