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    6710 24Th Ave NW Seattle Seattle, WA 98117

    For Sale
    $1,550,000

    Well-maintained five-unit apartment building with income potential in Seattle.

    Property Features for 6710 24Th Ave NW Seattle

    General Information

    Standard status
    Active

    Building Details

    Year built
    1977

    Source: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Agent CANDICE CHEVAILLIER, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ballard Multifamily Investment Opportunity

    Ballard Five is a well-maintained apartment building offering spacious units and strong income potential. Constructed in 1977, the property features five generously sized units, averaging 899 square feet. The unit mix includes one three-bedroom, 1.75-bath unit, three two-bedroom, one-bath units, and one one-bedroom, one-bath unit. The property also features a fenced backyard and four covered parking spaces. There are no current charges for parking or utilities, presenting an immediate opportunity to increase revenue. Recent capital improvements include an exterior coating and a new roof scheduled for October 2024, along with a completed deck replacement in May 2025, enhancing the property’s long-term durability. Additional value-add potential includes enclosing the carports to generate secured parking income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3871804
    Latitude
    47.6780567

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained five-unit apartment building with income potential in Seattle.
    Where is this apartment building located?
    The property is located at 6710 24Th Ave NW Seattle Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Strong income potential due to no current charges for parking or utilities.; - New roof (October 2024) and completed deck replacement (May 2025).; - Spacious units averaging 899 square feet.
    Request Owner's contact information
    6710 24Th Ave NW Seattle Seattle, WA 98117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6710 24Th Ave NW Seattle Seattle, WA 98117
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