Listing provided courtesy of Windermere Real Estate MidtownNWMLSas Distributed by MLSGrid- MLS# NWM2462772
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Downtown Seattle, South Lake Union and Uptown just outside the door; world-class employers and top tier amenities.
A rebuilt classic.
556 1/2 (virtually staged)
556 1/2 (virtually staged)
556 1/2: Bedroom 1 (virtually staged)
556 1/2: Bath 1 (virtually staged)
556 1/2: Bedroom 2 (virtually staged)
556 1/2: Bath 2 (virtually staged)
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554 Bedroom 1
554 Bedroom 2
South Lake Union! Amazon, Google, Microsoft, etc...world class jobs.
Great recreation. UW (and other colleges) nearby. The Cascade Mountains for recreation.
Queen Anne: great shops, restaurants, etc.
Uptown/Lower Queen Anne: Climate pledge for sports and concerts, Seattle Center for arts and festivals, restaurants, bars, etc. It is all right here!
A great investment: make it your first or add it to your portfolio.
554 Prospect StreetSeattle, WA 98109
Multi-Family · 8 Beds · 5,656 Sq. ft. | 0.09 Acres$1,825,000
Active
554 Prospect Street Overview
- Visits:
- 5
Lower Queen Anne/Uptown: the best/closest neighborhood to downtown Seattle. Great for an owner-operator or remote owner, 554 Prospect is a rarely available, purpose-built and recently renovated, 5-unit workhorse. The location is unparalleled: a burgeoning neighborhood with easy access to a myriad of coffee, bars, restaurants, shopping & entertainment. The 2013-studs-out-renovation includes one studio, two 2-bedrooms, and two 2-bedroom + den homes (convert & use the dens as bedrooms?). Private storage units (all homes) & in-unit laundry (4 homes). Seattle Center, Climate Pledge, South Lake Union, and the top of Queen Anne are moments away. With an 84 (Very Walkable) Walkscore, 554 Prospect is a great addition (or start) to your portfolio.
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554 Prospect Street Facts & Features
- Type Multi-Family
- Sq. ft. 5,656
- Price/Sq.ft. $323
- Lot 0.09 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Seattle
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
Income/Expenses
- Other Expense: 15638
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 152400
- Insurance Expense: 3750
- Net Operating Income: 110475
- Total Expenses: 41999
- Total Monthly Income: 12900
- Water/Sewer/Garbage: 8804
Building Information
- New Construction: No
- Year Built: 1909
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 700 - Queen Anne/Magnolia
- Subdivision Name: Queen Anne
Community/Development
- Amenities: Basement,Storage
Tax Information
- Tax Annual Amount: $13,807.00
- Tax Year: 2025
General Information
- Listing Terms: Cash
- Parcel Number: 5457801955
- Possible Use: Multi-Family
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 5656
- Building Area Units: Square Feet
- Calculated Square Footage: 5656
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Engineered Hardwood, Vinyl, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 3977
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric,Natural Gas
- Stories Total: 2
Exterior
Parking Information
- Open Parking Spaces: 0
- Open Parking: No
- Parking Uncovered Spaces: 0
Lot Information
- Irrigation Water Rights: No
- Lot Features: Curbs, Paved, Sidewalk
- Lot Size Square Feet: 3813
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Methods: Standard Frame
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood Products
- Number Of Units Total: 5
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1550
- Baths Total: 1
Unit 2 Details
- Actual Rent: 2750
- Beds Total: 2
- Baths Total: 2
Unit 4 Details
- Actual Rent: 2750
- Beds Total: 2
- Baths Total: 2
Unit 5 Details
- Actual Rent: 2825
- Beds Total: 2
- Baths Total: 2
Unit 3 Details
- Actual Rent: 2825
- Beds Total: 2
- Baths Total: 2
554 Prospect Street Neighborhood
Community
98109 (Seattle) Demographics
31
Median Age
12,812
Population Density (per sq. mile)
80%
College Educated
$107,330
Estimated Median Income
4,107
Estimated Total Home Owners
14,510
Estimated Total Renters
22% / 78%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.554 Prospect Street Monthly Cost
554 Prospect Street Market Data
Based on the last 30 days in this zip code
$1,037,656
Average List Price
$711
Average Price per Square Foot
31
Properties Sold
72
Average Days on Market
159
Properties for Sale
554 Prospect Street History
| Date | Value | Agent |
|---|---|---|
| 6/27/2026Source: NWMLS | $1,825,000 -6.4% |
|
| 1/5/2026Source: NWMLS | January 05, 2026 |