5816 14th AVE NW, Seattle, WA 98107
5816 14th AVE NW, Seattle, WA 98107
5816 14th AVE NW, Seattle, WA 98107
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Ranjani Ravi

Ranjani Ravi

+1(425) 906-3948
Listed by:Paragon Real Estate Advisors • Michael Urquhart
$1,795,000
Est. payment /mo
10 Beds
10 Baths
4,950 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,950 sqft

Price per Sqft $362

Subdivision Ballard

MLS Listing ID 2531058

Style 55 - 5-9 Units

Bedrooms 10

Year Built 1978

Annual Tax Amount $17,768

Lot Size 5,100 Sqft

Property Sub-Type Multi Family

Property Description

Kos Apartments is a five unit multifamily property located in the Ballard neighborhood of Seattle. All five units are two bedroom, two bathroom residences averaging 990 square feet, positioned on a 5,100 square foot LR3 RC (M1) zoned lot. The property was constructed in 1978 and features wood frame construction, double pane vinyl windows, copper plumbing, and five dedicated parking stalls including four carport stalls. Two of the five units have been renovated and are leased at rents approaching market. The remaining three units are in original condition and leased month to month, with two tenants in place since 2011. This tenant structure presents a clean path for a renovation value-add play: as legacy tenants turn, a new owner can renovate the units to the same finish level as the two renovated units, supporting a renovated rent target of $2,550 per unit and a 6.4% proforma cap rate. Ballard continues to see strong rental demand driven by proximity to downtown Seattle, Fremont, and the broader South Lake Union employment corridor, as well as walkable retail, waterfront access, and established transit connectivity.

Location

State WA

County King

Area 705 - Ballard/Greenlake

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Northwest MLS (NWMLS)
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Ranjani Ravi

Ranjani Ravi

+1(425) 906-3948

Managing Broker | License ID: 23004133

Managing Broker License ID: 23004133

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