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Ballard 5 Unit 1700 64th St NW 5 Unit Apartment Building $2,422,403 CAD ($484,481 CAD/Unit) 4.46% Cap Rate Seattle, WA 98107



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 | Apartment Style | Low-Rise |
| Price Per Unit | $484,481 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.46% | Building Size | 4,500 SF |
| Gross Rent Multiplier | 14.12 | No. Stories | 3 |
| No. Units | 5 | Year Built | 1984 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LR1 (M) | ||
| 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 |
1 1
Moderately walkable
70/100
Fairly drivable
40/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 276760-0425 | Improvements Assessment | $665,387 CAD (2024) |
| Land Assessment | $1,414,982 CAD (2024) | Total Assessment | $2,080,368 CAD (2024) |
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)
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Ballard 5 Unit | 1700 64th St NW
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