$4,995,000
For Sale

5121 17th Avenue NW

Seattle, WA 98107
13800 sqft | 0.19 acres | #2287605
Listing OfficeLee & Associates Commercial RE
Browse 23 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Sunset House is a 21-unit apartment building which exemplifies pride of ownership. Prime Ballard location, walking distance to the Historic Ballard Avenue. Built in 1964, this building is being offered to the market now for the first time since it was built. Immaculate, well-maintained building with PEX & Copper plumbing, vinyl windows, re-mortared exterior bricks, and LVT floorings in most units. Stable rent income with an opportunity to realize a 36.4% lift in revenue from current below-market rents through strategic turnovers and renovation.

  • Property Details
      • Exterior FeaturesCable TV, Deck, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
      • Lot DescriptionCurbs, Paved, Sidewalk
      • Exterior MaterialsBrick, Cement/Concrete
      • InteriorWall to Wall Carpet
      • Date ListedSeptember 10, 2024
      • ViewBay, Territorial
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • Style56 - 10+ Units
      • Property TypeMulti-Family
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • Original List Price$5,400,000
      • SubdivisionBallard
      • School DistrictSeattle
      • Taxes Annual$50,003
      • MLS #2287605
      • Cost4995000
      • MLS #2287605
      • Acres0.1894
      • Utility SourcePublic
      • Square Feet13800
      • Year Built1964
      • CountyKing
      • Days on Market (Cumulative)97
      • Stories5
Real Property Associates, Inc.
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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