Price Reduction - Waterfront
Address
5816 14th Avenue Nw, Seattle, WA
Price
$ 1,725,000
Property Attributes
- ID#2531058
- TypeMulti-Family
- CountyKING
- CitySeattle
- AreaBallard-Greenlake
- NeighborhoodBallard
- Zip98107
- Style5-9 Units
- Year Built1978
- Taxes$ 17768
- Price$ 1,725,000
- Bedrooms10
- Full Bathrooms10
- Half Bathrooms0
- Sqr Footage4950
- Lot Size0.1171 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
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 6.7% 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.
| Price History | |
|---|---|
| 6/1/2026 | Listed $1,795,000 |
| 8/27/2026 | 4$1,725,000 |
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Possession | Closing,Subject To Tenant Rights |
| Roof | Composition |
| Year Built | 1978 |
| Property Subtype | Multi Family |
| Tax Year | 2026 |
| County | King |
| Net Operating Income | 90818 |
| Insurance Expense | 3878 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | Ballard |
| Possible Use | Multi-Family |
| Special Listing Conditions | None |
| Status | Active |
| Directions | Take Elliot Ave W and 15th Ave W to 14th Ave NW. Turn right on NW Market St. Turn left onto 14th Ave NW. Destination will be on the right. |
| City | Seattle |
| Senior Community Y/N | No |
| High School District | Seattle |
| Zoning Description | Multi-Family |
| Number Of Units Total | 5 |
| MLS Area | 705 - Ballard/Greenlake |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 5100 |
| Carport Spaces | 4 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 17768 |
| Public Remarks | 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 5,1 |
| Leasable Area | 4950 |
| Structure Type | Multi Family |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Amenities | Coin Op Laundry,Storage |
| Units Below Grade | false |
| Units In Building Total | 5 |
| Water Sewer Garbage | 8498 |
| Property Style | 55 - 5-9 Units |
| Cap Rate | 5.26 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Laminate,Carpet |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Power Production Type | Electric |
Exterior Features
| Exterior Amenities | Wood Products |
|---|---|
| Water Source | Public |
| Total Parking | 5 |
| Foundation Details | Poured Concrete |
| Building Area Total | 4950 |
| Lot Size Acres | 0.1171 |
| Waterfront Y/N | No |
| Covered Spaces | 4 |
| Irrigation Water Rights Y/N | No |
| Parking Uncovered Total | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 98107
Price
Taxes
Year Built
Visits
In The Neighborhood
Waterfront
Seattle
$ 1,200,000
- Type
- Multi-Family | Active
- Size
- 2,070 SqFt
- Rooms
- 2 Beds + 2 Baths
Listed by: Redfin
Views
Seattle
$ 2,250,000
- Type
- Multi-Family | Active
- Rooms
- 12 Beds + 6 Baths
Listed by: Lee & Associates Commercial RE
Reduced
Seattle
$ 1,540,000
- Type
- Multi-Family | Active
- Size
- 3,320 SqFt
- Rooms
- 5 Beds + 5 Baths
Listed by: Skyline Properties, Inc.
Viewed
Seattle
$ 1,200,000
- Type
- Multi-Family | Active
- Size
- 2,460 SqFt
- Rooms
- 4 Beds + 2 Baths
Listed by: Windermere Real Estate/HLC
Seattle
$ 950,000
- Type
- Multi-Family | Active
- Size
- 2,520 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: Coldwell Banker Bain
Reduced
Seattle
$ 2,650,000
- Type
- Multi-Family | Active
- Size
- 7,120 SqFt
- Rooms
- 11 Beds + 10 Baths
Listed by: L. Dankers Real Estate Group
Seattle
$ 1,274,995
- Type
- Multi-Family | Active
- Size
- 3,400 SqFt
- Rooms
- 4 Beds + 5 Baths
Listed by: Kelly Right RE of Seattle LLC
Seattle
$ 1,650,000
- Type
- Multi-Family | Active
- Size
- 4,890 SqFt
- Rooms
- 8 Beds + 5 Baths
Listed by: RE/MAX Metro Realty, Inc.
Seattle
$ 1,800,000
- Type
- Multi-Family | Active
- Size
- 4,286 SqFt
- Rooms
- 9 Beds + 6 Baths
Listed by: North Pacific Properties
Seattle
$ 1,150,000
- Type
- Multi-Family | Active
- Size
- 2,850 SqFt
- Rooms
- 6 Beds + 3 Baths
Listed by: John L. Scott, Inc
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for 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. The data relating
