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MLS: #NWM2531058, Listed By: Michael Urquhart, Paragon Real Estate Advisors, Source:NWMLS - Northwest Multiple Listing Service

5816 14th Avenue

Seattle, WA 98107
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Bed 0

Bed

Bath 0

Bath

SqFt4,950

Sqft

Acres0.12

Acre(Lot)

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 re novated units, supporting a renovated rent target of $2,550 per unit and a 6.4% proforma cap rate. Ballard continues to see strong rental demand driven by proximity to downtown Seattle, Fremont, and the broader South Lake Union employment corridor, as well as walkable retail, waterfront access, and established transit connectivity.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,795,000

AD Id : 79733951

MLS Id : NWM2531058

Lot Size : 0.12 Acre

Living Area Size : 4,950

Year Built : 1978

County : King

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Feature Features

  • Interior Features

    Roof: Composition

    Roofing Information

    Composition
  • Flooring Information

    Flooring: Laminate, Carpet Construction Materials: Wood
  • Heating & Cooling

    Heating: Wall Furnace Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1978
  • Exterior Features

    Wood Products Construction Materials: Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Square Feet: 5100 Lot Acres: 0.1171

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$1795000

  • Tax Information

    Annual Tax: $17768 Tax Year: 2026 Parcel Number: 2767900265

  • Parking Information

    Total Parking: 5

  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: Ballard City: Seattle Direction: Take Elliot Ave W and 15th Ave W to 14th Ave NW. Turn right on NW Market St. Turn left onto 14th Ave NW. Destination will be on the right.
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ByOwner last updated this listing 06/16/2026 @ 18:20

MLS: NWMLS #2531058 LISTED BY: Michael Urquhart, Paragon Real Estate Advisors 206-623-8880 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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