Property Details
1700 NW 64th Street
Seattle, WA 98107
$1,750,000
Pending Feasibility
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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
