500 Elliott Avenue W 405, Seattle, WA 98119, Seattle, 98119 - 0 bed, 1 bath
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Seattle, WA 98119
This studio is a High-Potential Investment Opportunity, listed at $299,000—positioned above the $283,120 Fair Market Value. While priced slightly above market, the property offers significant utility through its no rental cap policy and low HOA dues. Featuring a Fair Condition Rating with original kitchen finishes, the unit provides an oversized covered deck with Elliott Bay views. Its proximity to major employers like Amazon and Expedia ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic urban foothold.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Elliott Avenue W 405 Subject | $289,000* List Price | 0 | 1 | 422 | $654 | - |
A 626 4th Avenue W 305 Active | $315,000 List Price | 1 | 1 | 497 | $634 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2000, making it 24 years old. While the bathroom features a modern updated vanity, the kitchen remains dated with original honey-oak cabinetry, laminate countertops, and older black appliances. Per the criteria, properties over 20 years old with dated features are classified as Fair.
With no rental cap and relatively low HOA dues, this property offers exceptional flexibility for both homeowners and investors looking to capitalize on the high-demand Seattle rental market.
Perfectly positioned near major employers like Amazon and Expedia, the unit features an oversized covered deck that provides stunning views of Elliott Bay and iconic sunsets.
The inclusion of secure garage parking and an in-unit washer/dryer provides significant convenience and value rarely found in urban studios at this price point.
At 422 square feet, the compact studio footprint may feel restrictive for buyers seeking more defined living areas or those with substantial furniture needs.
Located on Elliott Avenue W, a major arterial road, the property is subject to significant street and transit noise which may impact the tranquility of the outdoor living space.
Perfectly positioned in Queen Anne, this stylish in-city studio offers views of Elliott Bay, unforgettable sunsets, and an unbeatable Seattle lifestyle. An oversized covered deck expands the living space for seamless indoor-outdoor enjoyment, perfect for morning coffee, evening sunsets, or taking in the changing waterfront scenery. Thoughtfully designed for comfortable urban living, the open concept kitchen features generous counter space, breakfast bar seating, and an efficient layout that maximizes functionality within the home’s smart footprint. A spacious full bath, in-unit washer/dryer, and secure garage parking add everyday convenience. This well run, pet-friendly HOA offers low dues and no rental cap, creating exceptional flexibility for homeowners and investors alike. Located just moments from Downtown Seattle, Belltown, South Lake Union and Magnolia, enjoy effortless access to some of the city’s best amenities including Climate Pledge Arena, Seattle Center, Myrtle Edwards Park, the Elliott Bay Trail, Olympic Sculpture Park, waterfront dining, coffee shops, boutiques, and nightlife. Nearby employers such as Expedia and Amazon further enhance the location’s appeal, while convenient transit options make commuting throughout the city a breeze. Experience vibrant Queen Anne living with iconic views, and the very best of Seattle right outside your door.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
Jul 11, 2026
$289,000
$299,000
-3% Price Drop
Initial Listing
Jun 25, 2026
$299,000
Initial Listing