554 Prospect St
Seattle WA 98109
554 Prospect Steet
554 Prospect St Seattle WA 98109
Listing #: 694998 | Status: Available | Last Modified: 4/16/2026 |
For Sale
- Phone:(206) 280-1871
- Email:casey.zejdlik@jll.com
- Office Name:Jones Lang LaSalle
- Office Phone:(206) 607-1700
- Office Website:www.us.joneslanglasalle.com
- Agent Phone:(541) 543-5251
- Agent Email:michael.lyford@jll.com
- Agent Phone:(206) 336-5445
- Agent Email:reed.curtis@jll.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,950,000.0
- $/SF$ 344.8
- $/Unit$ 1,950,000.0
- Listing StatusAvailable
- Days on Market397
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.52 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units5
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF5656
- Net Rentable Area5656
- Total Office SF
- Largest Contiguous SF
- Lot SF5227
- Acres0.12
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address558 Prospect St
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #5457801955
- Additional Parcels5457801956
- ZoningLR3(M)
- # Covered Spaces0
- # Uncovered Spaces5
- Total Parking Spots5
- Parking Ratio
- Year Built1909
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
554 Prospect Street
We are pleased to present the outstanding opportunity to acquire the 554 Prospect Apartments (“the Property”), an apartment property located in Seattle's Queen Anne neighborhood. Located in the charming and highly sought-after Queen Anne neighborhood, 554 Prospect consists of one studio, 2 two-bedrooms, and 2 two bedroom + den units. Originally built in 1909, the Property underwent a fully-permitted studs-out renovation in 2013, significantly upgrading its features and systems to compete with the best rental options in the submarket. Units include in-unit washers and dryers and come with a complementary storage unit. The studio is the only unit that utilizes the common laundry located in the unfinished basement area. Nestled in the heart of Queen Anne, one of Seattle’s most popular neigh





