522 W Mercer Place #403SeattleWA98119
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Seattle at 522 W Mercer Place #403, Seattle, WA, 98119 listed at $474,000 pairs $4,104/mo rent with a $2,320/mo payment. Total monthly income runs $4,104/mo. Return on cash invested measures 19.52% in year one, and rental yield registers 10.39% at a $474,000 basis. Equity gained on principal adds $3,059/yr, and annual property appreciation at 5% supports $130,957 by year five. Five-year ROI tracks 104.12% and total cumulative return in cash totals $163,601. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,104/mo property income relative to a $2,320/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A lot
$N/A/sqft
$1,203 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98119, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,303 (100%) |
| Owner Occupied HU | 5,344 (34.9%) |
| Renter Occupied HU | 8,857 (57.9%) |
| Vacant Housing Units | 1,102 ( 7.2%) |
| Median Home Value | $1,368,989 |
| Average Home Value | $1,414,364 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
5,404
Multi-Family
8,748
Businesses
905
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-17 | Listed for sale | $474,000 |
| 2021-04-06 | Sold | $590,000 |
| 2017-03-23 | Sold | $514,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-18 | $5218.14 | -7.28% | $553,000 | -9.05% |
| 2023-09-18 | $5627.98 | 22.59% | $608,000 | 10.34% |
| 2022-09-18 | $4590.84 | -6.07% | $551,000 | 1.85% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1987
- Architectural Style: N/A
- Building Area: 1,159
- Living Area: 1,159 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Baseboard, Forced Air, Electric
- Cooling: None
- Flooring: Ceramic Tile, Vinyl, Carpet
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Common Garage
Location
HOA & Fees
- HOA Fee: $1,203 monthly
- Association Fee: $1,203 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Common Area Maintenance, Sewer, Water
Utilities
- Utilities: Comcast, Comcast
- Sewer: Company: SPU
- Water Source: Company: SPU
- Road Surface Type: N/A
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Amy Laughter • Redfin
Mls Name: NWMLS
Mls Provider:
Mls ID: #2434967
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)