1249 5th Ave N Seattle, Stable 5 unit apartment building in in Seattle, WA

Stable five-plex apartment building in excellent east slope Queen Anne location, 1 block north of Highland Drive, with L-3 zoning and outstanding views of the city, Lake Union, and the Cascade Mountains. The market is overheated for building right now, building costs are high because of all the demand. The Kahala Apartments make a great buy and hold with a potential to redevelop this prime location once the building market slows and building costs settle back to normal.