5121 17th Avenue Northwest

Seattle, WA 98107

$5,400,000
Price
27
Beds
22
Baths
13,800 Sq. Ft.
$391 / Sq. Ft.
13,800
Sq. Ft.
$391
per Sq. Ft.
Listing provided courtesy of Lee & Associates Commercial RE

Description

Sunset House is a 21-unit apartment building which exemplifies pride of ownership. Prime Ballard location, walking distance to the Historic Ballard Avenue. Built in 1964, this building is being offered to the market now for the first time since it was built. Immaculate, well-maintained building with PEX & Copper plumbing, vinyl windows, re-mortared exterior bricks, and LVT floorings in most units. Stable rent income with an opportunity to realize a 36.4% lift in revenue from current below-market...Sunset House is a 21-unit apartment building which exemplifies pride of ownership. Prime Ballard location, walking distance to the Historic Ballard Avenue. Built in 1964, this building is being offered to the market now for the first time since it was built. Immaculate, well-maintained building with PEX & Copper plumbing, vinyl windows, re-mortared exterior bricks, and LVT floorings in most units. Stable rent income with an opportunity to realize a 36.4% lift in revenue from current below-market rents through strategic turnovers and renovation.
  1. Listed by Dea Sumantri • Lee & Associates Commercial RE
  2. Listed by Candice Chevaillier • Lee & Associates Commercial RE

Property Details for 5121 17th Avenue Northwest

Community Name
Ballard
School District
Seattle
View
Bay, Territorial
Number of Assigned Spaces
17
Total Covered Parking
0
Offers Review Date
10-02-2024
Entry Date
09-10-2024
Energy Source
Electric
LISTING UPDATED: 09/10/2024 10:08 AM

Property Details for 5121 17th Avenue Northwest

StatusActive
MLS #2287605
Days on Market8
Cumulative Days on Market8
Taxes$50,003 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.19 AC / 8,250 SF
CountyKing County

Building Information for 5121 17th Avenue Northwest

Stories5Residences21Year Built1964Building Size-Lot Size0.19 AC / 8,250 SF

Property Information for 5121 17th Avenue Northwest

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
  • Area: 705 - Ballard/Greenlake
  • Effective Year Built Source: Public Records
  • Directions: West on NW Market St Turn Left on 17th Ave NW
  • Leased Items: Washer/Dryer
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 15.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Other, Vinyl, Vinyl Plank, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Coin Op Laundry,Elevator,Fire Sprinklers,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Cement/Concrete
  • Roof: Flat, Torch Down
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 20224
  • Power Company: SCL
  • Sewer Company: SPU
  • Water Company: SPU
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1990
  • Photos Count: 23
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: County Records
  • Parcel Number Free Text: 2767703780
  • Calculated Square Footage: 13800
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 13800.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 5
  • Vacancy Rate: 5
  • Number Of Units Total: 21
  • Units Below Grade: false
  • Units In Building Total: 21
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 145467
  • Gross Adjusted Income: 366909
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $386,220
  • Insurance Expense: $13,265
  • Net Operating Income: $241,422
  • Other Expenses: $61,975
  • Total Monthly Income: 33710
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 11
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1000
  • Rent Unit 1: $1,750.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 21
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 850
  • Rent Unit 2: $1,875.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 22
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 600
  • Rent Unit 3: $1,395.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 23
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 600
  • Rent Unit 4: $1,490.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 24
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 600
  • Rent Unit 5: $1,455.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 25
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 550
  • Rent Unit 6: $1,395.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 31
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 850
  • Rent Unit 7: $1,835.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 32
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: false
  • Square Feet Unit 8: 600
  • Rent Unit 8: $1,390.00
  • Bedrooms Unit 8: 1
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 33
  • Washer/Dryer Unit 9: false
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: false
  • Square Feet Unit 9: 600
  • Rent Unit 9: $1,480.00
  • Bedrooms Unit 9: 1
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 34
  • Washer/Dryer Unit 10: false
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: false
  • Square Feet Unit 10: 600
  • Rent Unit 10: $1,400.00
  • Bedrooms Unit 10: 1
  • Fireplaces Unit 10: 0
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 35
  • Washer/Dryer Unit 11: false
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: false
  • Square Feet Unit 11: 550
  • Rent Unit 11: $1,450.00
  • Bedrooms Unit 11: 1
  • Fireplaces Unit 11: 0
  • Bathrooms Unit 11: 1
Unit 12
  • Name Unit 12: 41
  • Washer/Dryer Unit 12: false
  • Range/Oven Unit 12: true
  • Refrigerator Unit 12: true
  • Dishwasher Unit 12: true
  • Square Feet Unit 12: 850
  • Rent Unit 12: $1,875.00
  • Bedrooms Unit 12: 2
  • Fireplaces Unit 12: 0
  • Bathrooms Unit 12: 1
Unit 13
  • Name Unit 13: 42
  • Washer/Dryer Unit 13: false
  • Range/Oven Unit 13: true
  • Refrigerator Unit 13: true
  • Dishwasher Unit 13: false
  • Square Feet Unit 13: 600
  • Rent Unit 13: $1,430.00
  • Bedrooms Unit 13: 1
  • Fireplaces Unit 13: 0
  • Bathrooms Unit 13: 1
Unit 14
  • Name Unit 14: 43
  • Washer/Dryer Unit 14: false
  • Range/Oven Unit 14: true
  • Refrigerator Unit 14: true
  • Dishwasher Unit 14: false
  • Square Feet Unit 14: 600
  • Rent Unit 14: $1,485.00
  • Bedrooms Unit 14: 1
  • Fireplaces Unit 14: 0
  • Bathrooms Unit 14: 1
Unit 15
  • Name Unit 15: 44
  • Washer/Dryer Unit 15: false
  • Range/Oven Unit 15: true
  • Refrigerator Unit 15: true
  • Dishwasher Unit 15: false
  • Square Feet Unit 15: 600
  • Rent Unit 15: $1,325.00
  • Bedrooms Unit 15: 1
  • Fireplaces Unit 15: 0
  • Bathrooms Unit 15: 1
Unit 16
  • Name Unit 16: 45
  • Washer/Dryer Unit 16: false
  • Range/Oven Unit 16: true
  • Refrigerator Unit 16: true
  • Dishwasher Unit 16: false
  • Square Feet Unit 16: 550
  • Rent Unit 16: $1,425.00
  • Bedrooms Unit 16: 1
  • Fireplaces Unit 16: 0
  • Bathrooms Unit 16: 1
Unit 17
  • Name Unit 17: 51
  • Washer/Dryer Unit 17: false
  • Range/Oven Unit 17: true
  • Refrigerator Unit 17: true
  • Dishwasher Unit 17: true
  • Square Feet Unit 17: 850
  • Rent Unit 17: $1,875.00
  • Bedrooms Unit 17: 2
  • Fireplaces Unit 17: 0
  • Bathrooms Unit 17: 1
Unit 18
  • Name Unit 18: 52
  • Washer/Dryer Unit 18: false
  • Range/Oven Unit 18: true
  • Refrigerator Unit 18: true
  • Dishwasher Unit 18: false
  • Square Feet Unit 18: 600
  • Rent Unit 18: $1,550.00
  • Bedrooms Unit 18: 1
  • Fireplaces Unit 18: 0
  • Bathrooms Unit 18: 1
Unit 19
  • Name Unit 19: 53
  • Washer/Dryer Unit 19: false
  • Range/Oven Unit 19: true
  • Refrigerator Unit 19: true
  • Dishwasher Unit 19: false
  • Square Feet Unit 19: 600
  • Rent Unit 19: $1,525.00
  • Bedrooms Unit 19: 1
  • Fireplaces Unit 19: 0
  • Bathrooms Unit 19: 1
Unit 20
  • Name Unit 20: 54
  • Washer/Dryer Unit 20: false
  • Range/Oven Unit 20: true
  • Refrigerator Unit 20: true
  • Dishwasher Unit 20: false
  • Square Feet Unit 20: 600
  • Rent Unit 20: $1,405.00
  • Bedrooms Unit 20: 1
  • Fireplaces Unit 20: 0
  • Bathrooms Unit 20: 1
Unit 21
  • Name Unit 21: 55
  • Washer/Dryer Unit 21: false
  • Range/Oven Unit 21: true
  • Refrigerator Unit 21: true
  • Dishwasher Unit 21: false
  • Square Feet Unit 21: 550
  • Rent Unit 21: $1,375.00
  • Bedrooms Unit 21: 1
  • Fireplaces Unit 21: 0
  • Bathrooms Unit 21: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 13800.0
  • Leasable Area Units: Square Feet

Property History for 5121 17th Avenue Northwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5121 17th Avenue Northwest

Taxable ValueLand$2,227,500Additions$3,355,500Total$5,583,000
Tax Record2022$46,900 ($3,908 / month)
Home Facts
Total Finished SqFt13,314 SqFtAbove Ground SqFt13,314 SqFtStories5Lot Size8,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1964Year Renovated1990ZoningMR (M)CountyKINGAPN276770-3780

Schools near 5121 17th Avenue Northwest

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Adams Elementary School
Public - K to 5
Whitman Middle School
Public - 6 to 8
Ballard High School
Public - 9 to 12
Salmon Bay School
Public - K to 8
Rating
School
Distance
Adams Elementary School
PublicK to 5

Whitman Middle School
Public6 to 8

Ballard High School
Public9 to 12

Salmon Bay School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5121 17th Avenue Northwest, Seattle, WA 98107

5121 17th Avenue Northwest is a multi-family home for sale in Seattle, WA 98107. This property was listed for sale on September 10, 2024 by Lee & Associates Commercial RE, it's currently listed at $5,400,000. This listing's school district is Seattle Public Schools. Nearby schools include Adams Elementary School, Whitman Middle School and Ballard High School. 5121 17th Avenue Northwest is a 27-bed, 22-bath, 13,800 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates Commercial RE

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.