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    501 Highland Dr Seattle, WA 98109

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    For Sale
    $3,650,000

    Well-maintained 11-unit building with views of Seattle landmarks.

    Property Features for 501 Highland Dr

    General Information

    Standard status
    Active

    Building Details

    Year built
    1975

    Source: CBRE Agent PETER WRIGHT

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Queen Anne Apartments with Views

    Highland View Apartments is an 11-unit residential building located in the Queen Anne neighborhood of Seattle. The property features a mix of four one-bedroom units, six two-bedroom units, and a 1,915 square foot three-bedroom, two-bath Penthouse on the top floor. Each apartment includes private decks with views of Downtown Seattle, Lake Union, and the Space Needle. The interior finishes were updated between 2002 and 2008 on turnovers, featuring new kitchen and bath cabinets, Formica countertops, vinyl floor coverings, carpet, new appliances, tub surrounds, sinks, toilets, paint, and light fixtures. The property presents a potential opportunity for investors to update the units with high-end finishes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Victoria Condominium Complex Highland View Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3634049
    Latitude
    47.6293961

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 11-unit building with views of Seattle landmarks.
    Where is this apartment building located?
    The property is located at 501 Highland Dr Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: - Expansive views of Downtown Seattle, Lake Union, and the Space Needle from private decks.; - Located in the desirable Queen Anne neighborhood of Seattle.; - Well-maintained 11-unit residential building.
    Request Owner's contact information
    501 Highland Dr Seattle, WA 98109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Highland Dr Seattle, WA 98109
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