5816 14th Avenue Nw, Seattle, WA 98107

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: michael urquhart, brian d. platt
Office: paragon real estate advisors
MLS#:2531058
Source:NWMLS
5816 14th Avenue Nw,Seattle, WA 98107
$1,725,000
  • - Beds
  • - Baths
  • 4,950 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,725,000
  • Price per sq. ft.:$348.48

About this home

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,...

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Home facts

  • Year built:1978
  • Subdivision & Development:Ballard
  • Listing ID #:2531058
  • Updated:September 23, 2026 at 12:27 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:4,950 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1978
  • Building area:4,950 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Wood Products Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,725,000
  • Price per sq. ft.:$348.48
  • Tax amount:$17,768 (2026)

Parking

  • Total parking spaces:5
  • Carport spaces:4
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