5816 14th Avenue NW, Seattle, WA 98107

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5816 14th Avenue NW, Seattle, WA 98107

$1,795,000 (Active)

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Listed by: Michael Urquhart - Paragon Real Estate Advisors

$$1,795,000

Active

est.$1,795,000/month.

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beds. baths. 5,100 Sqft.

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Mortgage Broker

John Juge
Highlands Residential Mortgage
jjuge@highlandsmortgage.com
(425) 275-1640
NMLS# 114272

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or Call Now: (425) 275-1640

5816 14th Avenue NW, Seattle, WA 98107

$1,795,000

Active

est.$1,795,000/month.

Start My Approval

beds baths 5,100 Sq.ft.

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Property details for 5816 14th Avenue NW, Seattle, WA 98107

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 renovated 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.

Broker details: Paragon Real Estate Advisors

Listed by: Michael Urquhart
Co-listing Broker: Paragon Real Estate Advisors
Co-listing Agent: Brian Platt

Property Description

MLS Information

Listing: 2531058
Listing Last Modified: 2026-06-01

Property Details

Standard Status: Active
MLS Status: Active
Built in: 1978
Subdivision: Ballard

Geographic Data

County: King
MLS Area: Ballard
Directions: 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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