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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

5816 14th Avenue NW, Seattle, WA 98107

$$1,795,000
Active
est.$1,795,000/month.
beds. baths. 5,100 Sqft.

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5816 14th Avenue NW, Seattle, WA 98107

$1,795,000
Active
est.$1,795,000/month.
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
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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.
Features

Interior Features

  • Flooring: Laminate, Carpet

Exterior Features

  • Roof type: Composition

Parking

    Utilities

    • Water: Public
    • Heating: Electric, Wall Furnace
    Property Information

    Tax Information

    • Tax Annual Amount: $17,768

    Disclaimer

    Based on information submitted to the MLS GRID as of Mon Jun 15 2026 (8.35 PM). IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The three tree icon represents listings courtesy of NWMLS.
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    Home Description

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