$5,795,000
Est. $32,099/mo16,450 sq ft
1012 Queen Anne Avenue N, Seattle, WA 98109
• Listed Oct 7, 2026•7 days active · 7 cumulative
Listing Broker: Paragon Real Estate Advisors; Cathy Jeney; 206-595-5557; cjeney@paragonrea.com
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Listing Broker: Paragon Real Estate Advisors; Cathy Jeney; 206-595-5557; cjeney@paragonrea.com
About this home
Excellent opportunity to acquire a historic 24-unit community on the coveted South Slope of Seattle’s Queen Anne neighborhood. Built in 1913, this classic wood-framed brick building pairs timeless character with modern comfort. The Montanita offers a well-balanced mix of studio, one-bedroom, and two-bedroom floor plans with broad appeal to the area’s renter base. Units are light-filled, with hardwood floors and ample closet space. The two-bedroom units include both an eating nook off the kitchen as well as a formal dining room. Upper-floor units enjoy views of Elliott Bay, the downtown skyline, and the Space Needle. Many units feature thoughtfully updated interiors while preserving the building’s original charm, including classic built-ins and French glass doors between the dining and living rooms. Situated between Lower and Upper Queen Anne, the Montanita offers an exceptional urban lifestyle defined by walkability and convenience, reflected in its Walk Score of 94, a true “Walker’s Paradise.” Kerry Park, home to Seattle’s most iconic skyline views, is just blocks away, as are Seattle Center, the Space Needle, and Climate Pledge Arena, home of the Seattle Kraken. Residents also have an abundance of cafés, acclaimed restaurants, boutiques, and bars at their doorstep, along with a Trader Joe’s just a short walk away.
Listed by Cathy Jeney • Paragon Real Estate Advisors
Listing updated: October 7, 2026 at 09:13am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2591149
Around this home
How much should you offer?
1012 Queen Anne Avenue N, Seattle, WA 98109
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 10+ Units
Flooring
- Laminate
- Vinyl
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- John Hay Elementary SchoolPublic · Grades PK-5 · 0.4 mi · State rank 378 of 1,1386/10
- McClure Middle SchoolPublic · Grades 6-8 · 0.6 mi · State rank 36 of 51410/10
- The Center SchoolPublic · Grades 9-12 · 0.5 mi · State rank 28 of 39610/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 24
- Units in building
- 24
- Units below grade
- false
- Building square feet
- 16,450 sq ft
Income & expenses
- Gross scheduled income
- $557,412
- Total monthly income
- $46,451
- Additional monthly income
- $3,806
- Gross adjusted income
- $529,541
- Net operating income
- $195,304
- Cap rate
- 5.77%
- Gross rent multiplier
- 10.4
- Vacancy rate
- 5%
- Total expenses
- $195,304
- Insurance
- $14,313
- Other expenses
- $81,403
- Water / sewer / garbage paid by
- 43074
Taxes & assessment
- Annual taxes
- $56,514
- Tax year
- 2026
- Financing
- Cash, Owner Will Carry
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 1012 Queen Anne Avenue N
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 7, 2026ListedNWMLS via MLS Grid · #2591149$5,795,000$352/sq ft
- Jul 29, 1994Recorded saleKing County recorder · Warranty deed$1,150,000$70/sq ft
Mortgage payment forecast
$38,258 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Paragon Real Estate Advisors; Cathy Jeney; 206-595-5557; cjeney@paragonrea.com
Market pulse
Seattle is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 69 days.
Recent sales nearby
Within 1 mile · last 6 months$1,675,000 Sold
0 days ago
•Single Family
717 3rd Avenue N, Seattle, WA 98109
4%
Under list
133
Days on market
0.2 mi
Distance
$5,175,000 Sold
1 day ago
5 bd•5.75 ba•~6,347 sq ft•Single Family
160 Highland Drive, Seattle, WA 98109
3%
Under list
68
Days on market
0.2 mi
Distance
$2,475,000 Sold
1 week ago
4 bd•3 ba•~3,300 sq ft•Single Family
463 Lynn Street, Seattle, WA 98109
0%
Over list
19
Days on market
0.8 mi
Distance
$1,498,000 Sold
4 weeks ago
4 bd•2.75 ba•~2,120 sq ft•Single Family
1721 3rd Avenue N, Seattle, WA 98109
0%
Over list
19
Days on market
0.5 mi
Distance
$1,355,000 Sold
5 weeks ago
4 bd•2 ba•~2,272 sq ft•Single Family
2217 4th Avenue N, Seattle, WA 98109
3%
Under list
63
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 14, 2026 at 11:11 PM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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