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5816 14th Ave NW
Seattle, WA 98107 West Woodland

$1,795,000 USD

Apartments For Sale • 6,303 SF

Property Details

Property Type Apartments
Total Building Size 4,950 SF
Lot Size 0.12 AC
Building Class C
Year Built 1978
Cap Rate 5.10 %
Zoning LR3 RC (M1)

50 Transit Score

80 Walk Score

                
                    Highlights
                
                                Five unit Ballard apartment building offered at a 5.1% current cap, expanding to a 6.6% renovation cap rate
                            
                                All units are 2BD/2BTH at 990 SF, a large unit configuration in comparison to the Ballard multifamily inventory
                            
                                The market supports a $2,625 rent target for renovated units which is a $653 per unit lift over current non-renovated units
                            
                                Copper plumbing, GE panels, and double pane vinyl windows limit capital investment to purely cosmetic interior renovations
                            
                                LR3 RC (M1) zoning preserves long term development optionality

Property Flyers

Kos Apartments - BPDMJUBDPRJD

Financial Summary (Actual)

Net Operating Income: $90,711 USD (2025)

Cap Rate:	5.10 %
Total Expenses:	$41,827 USD

Amenities

Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	17 min	-	7.3 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	36 min	-	18.8 mi
Seattle Paine Field International	36 min	-	20.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Surface
Included in Rent:	Yes

Michael Urquhart 206-812-9123 Paragon Real Estate Advisors

5816 14th Ave NW Seattle, WA 98107 West Woodland