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Investment Highlights

  • Large Condo Quality Units
  • In-unit laundry
  • Premier Ballard location
  • Offered by original builder
  • Well maintained asset
  • Immediate rental upside

Executive Summary

Well maintained five-unit apartment building ideally located in Seattle’s highly sought after Ballard neighborhood. This building is offered to the market for the very first time by the original builder. The property was constructed in 1984 and consists of five spacious condo quality homes, each configured as desirable corner units that provide abundant natural light and enhanced privacy. Residents benefit from sought-after amenities including in-unit washers and dryers, fireplaces, private balconies, and dedicated dining rooms. Additional building features include 5 covered parking spaces, secured entry, double-pane aluminum windows, copper plumbing, and GE electrical panels. Situated in the heart of Ballard, the property offers residents exceptional access to one of Seattle’s most vibrant neighborhoods, known for its acclaimed restaurants, breweries, shopping, parks, and waterfront amenities. Convenient transit connections and close proximity to Downtown Seattle, South Lake Union, and other major employment centers continue to support strong renter demand and long-term occupancy. For investors this offering represents an outstanding opportunity to acquire a stable, well-located asset with enduring appeal, rental upside potential, and long-term appreciation in one of Seattle’s premier multifamily submarkets.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $108,107 $9.33

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $108,107
Annual Per SF $9.33

Property Facts

Price $2,422,403 CAD
Price Per Unit $484,481 CAD
Sale Type Investment
Cap Rate 4.46%
Gross Rent Multiplier 14.12
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.11 AC
Building Size 4,500 SF
No. Stories 3
Year Built 1984
Parking Ratio 1.11/1,000 SF
Zoning LR1 (M)

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 5 $2,921 CAD 900
Moderately walkable
70/100
Fairly drivable
40/100
Some public transit
40/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
276760-0425
Land Assessment
$1,414,982 CAD (2024)
Improvements Assessment
$665,387 CAD (2024)
Total Assessment
$2,080,368 CAD (2024)
  • Listing ID: 40679887

  • Date on Market: 2026-05-27

  • Last Updated:

  • Address: 1700 64th St NW, Seattle, WA 98107

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