Property Details

1700 NW 64th Street
Seattle, WA 98107
$1,750,000
MLS# 2527718 courtesy of NWMLS Listing firm: Paragon Real Estate Advisors

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1700 NW 64th Street , Seattle, WA 98107, Seattle

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1700 NW 64th Street , Seattle, WA 98107, Seattle

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Multi-Family
Property Type
4,500
Bldg Sq Ft
5
Units
4.33%
Cap Rate
1984
Year Built

Property Overview

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.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Pending Feasibility
County King
Neighborhood Ballard
Listed May 27, 2026
Structure Type Multi Family
Parcel Number 2767600425

Tax & HOA

Annual Property Tax $16,907 (2026)
Est. Monthly Tax $1,409/mo

Financial Summary

Cap Rate 4.33%
Net Operating Income $75,747
Gross Scheduled Income $123,960
Gross Rent Multiplier 14.12
Total Expenses $42,015
Vacancy Rate 5.0%

Building & Use

Building Sq Ft 4,500
Leasable Area 4,500 sqft
Total Units 5
Zoning Multi-Family
Possible Use Multi-Family
Lot Size 5,001 sqft
Year Built 1984

Exterior & Lot

Lot Size 0.11 sqft
Year Built 1984
Garage 5 spaces
Exterior Materials Cement, Stucco
Sewer Sewer Connected
Exterior Features Cement/Concrete, Stucco

Community & Access

Directions From I5 take exit for NE 80th . Right on NE 80th. Left on 15th Ave NW. Right on NW 64th St. Property is on the right.

Location

City Seattle
County King
Coordinates 47.67544, -122.37922

Additional Information

Tax Year 2026
Annual Taxes $16,907
Possession Array
Listed By
Nick Hemming
Paragon Real Estate Advisors

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