Address
6530 24th Avenue Nw, Seattle, WA
Price
$ 2,595,000
Property Attributes
- ID#2587105
- TypeMulti-Family
- CountyKING
- CitySeattle
- AreaBallard-Greenlake
- NeighborhoodBallard
- Zip98117
- Style10+ Units
- Year Built1959
- Taxes$ 27132
- Price$ 2,595,000
- Bedrooms14
- Full Bathrooms11
- Half Bathrooms0
- Lot Size0.2342 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
We are pleased to present the Glen Ellyn Apartments, an 11-unit multifamily property located in Seattle’s Ballard neighborhood. Built in 1959, the property consists of eight one-bedroom and three two-bedroom units featuring functional layouts, natural light, and natural hardwood flooring. The units remain in classic but well-maintained condition, providing a strong foundation for future renovation and modernization. The asset has also benefited from several capital improvements, including a roof replacement in 2017, replacement of the individual electrical panels in all units in 2025, and a new rear fence installed in August 2025. Property amenities include covered and off-street parking, storage units, and on-site laundry. The location provides convenient access to Ballard Community Center, QFC, National Nordic Museum, Ballard Avenue & Farmers Market, the Ballard Locks, and the Ballard Public Library, along with the neighborhood’s broader retail, dining, and recreational amenities. Current rents are approximately 13% below market, providing near-term income growth potential through future turnover and rent adjustments. Additional upside may be realized through targeted unit renovations and modernization, with renovated rents estimated at approximately 29% above current levels. Further operational upside exists through implementation of utility bill-backs, which are not currently charged, as well as the opportunity to maximize parking income.
| Price History | |
|---|---|
| 9/24/2026 | Listed $2,595,000 |
General Features
| Sewer | Available |
|---|---|
| Heating | Baseboard |
| Cooling | None |
| Possession | Closing |
| Roof | Flat |
| Security Features | Partially Fenced |
| Year Built | 1959 |
| Property Subtype | Multi Family |
| Tax Year | 2026 |
| County | King |
| Net Operating Income | 133393 |
| Insurance Expense | 7839 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | Ballard |
| Possible Use | Multi-Family |
| Special Listing Conditions | None |
| Status | Active |
| Directions | I-5 N to Exit #167,right on Fairview,left on Valley,right on Westlake take ramp toward Ballard,right on 15th,right on 9th Ave,left on NW Leary,right on Leary Ave,left on Market,right on 24th |
| City | Seattle |
| Senior Community Y/N | No |
| High School District | Seattle |
| Zoning Description | Multi-Family |
| Number Of Units Total | 11 |
| MLS Area | 705 - Ballard/Greenlake |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 10200 |
| Carport Spaces | 4 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 27132 |
| Property Condition | Very Good |
| Public Remarks | We are pleased to present the Glen Ellyn Apartments,an 11-unit multifamily property located in Seattles Ballard neighborhood. Built in 1959,the property consists of eight one-bedroom and three tw |
| Leasable Area | 8284 |
| Virtual Tour | https://www.lee-associates.com/northwest/properties/?propertyId=1687300-sale&address=6530-24th-Ave-NW&officeId=2085 |
| Structure Type | Multi Family |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Amenities | Coin Op Laundry,Storage |
| Water Company | Seattle Public Utilities |
| Units Below Grade | false |
| Units In Building Total | 11 |
| Water Sewer Garbage | 16245 |
| Property Style | 56 - 10+ Units |
| Cap Rate | 5.14 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Hardwood |
|---|---|
| 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 |
|---|---|
| Lot Features | Paved,Sidewalk |
| Total Parking | 9 |
| Foundation Details | Poured Concrete |
| Lot Size Acres | 0.2342 |
| Waterfront Y/N | No |
| Covered Spaces | 4 |
| Irrigation Water Rights Y/N | No |
| Site Features | Fenced-Partially |
| Parking Uncovered Total | 5 |
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 98117
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.
Views
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
Reduced
Seattle
$ 1,250,000
- Type
- Multi-Family | Active
- Size
- 2,770 SqFt
- Rooms
- 6 Beds + 4 Baths
Listed by: COMPASS
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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
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
