
Seattle, WA 98119
This High-Potential Investment Opportunity is listed at a List Price of $298,000, positioned slightly above the $295,503 Fair Market Value. As a Turnkey Condition asset, this top-floor end unit features a new kitchen and private deck, offering immediate rental readiness. With no short-term rental restrictions and a projected 9.94% cap rate, the property provides a rare, stable income stream in the Queen Anne submarket. This is an ideal acquisition for Buy-and-Hold Investors or pied-à-terre owners seeking a low-maintenance, high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3009 3rd Avenue W 6 Subject | $298,000* List Price | 1 | 1 | 608 | $486 | - |
A 3420 15th Avenue W 105 Sold | $270,000 | 1 | 1 | 613 | $440 | 0.7 mi |
B 2552 14th Avenue W 403 Sold | $325,000 | 1 | 1 | 760 | $428 | 0.7 mi |
C 3030 14th Avenue W 203 Active | $377,500 List Price | 1 | 1 | 715 | $528 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The unit has undergone a recent full renovation including a brand-new kitchen with stainless steel appliances and new flooring throughout. The building envelope was also recently completed, placing the property in turnkey, mint condition with no immediate maintenance required.
The property features a rare lack of short-term rental restrictions in the Queen Anne submarket, offering a projected 9.94% cap rate that is highly attractive for investors.
Fully updated with a new kitchen and flooring, plus a recently completed building envelope, this unit is move-in ready with minimal immediate capital expenditure required.
As a top-floor end unit in a boutique six-unit building, the home provides superior privacy, increased natural light, and a quiet atmosphere compared to larger complexes.
The unit lacks in-unit laundry facilities, relying instead on on-site shared laundry, which may be a convenience drawback for some modern buyers or high-end renters.
With only six units in the association, future major capital improvements or unexpected repairs could result in higher individual special assessments due to the small pool of owners.
Attention Short-Term Rental Investors! Top-floor end unit at Hill House, a six-unit building on the quiet north side of Queen Anne, steps from Seattle Pacific University. No short-term rental restrictions — a rare position for this submarket. Minutes to Fremont and downtown, easy access to the water. Projected cap rate of 9.94%. Fully updated with new kitchen and new flooring — turnkey condition throughout. Building envelope recently completed, association well-managed, six owners who know each other and keep it that way. Low-key, well-maintained living with none of the churn of larger buildings. Private deck, walk-in closet, off-street parking, on-site laundry. HOA covers water, sewer, garbage and common area maintenance.A strong entry point for an investment portfolio, or a pied-à-terre that earns its keep when you're not here.
No exterior & parking available.
No sensitive facilities data found.
Jul 8, 2026
$298,000
Initial Listing