5401 34th Avenue Northwest
5401 34th Avenue Northwest
Seattle, WA 98107
$2,900,000
Last Sold Price
13
Beds
10
Baths
7,568 Sq. Ft.
$383 / Sq. Ft.
7,568
Sq. Ft.
$383
per Sq. Ft.
Sold 8/24/23
Sold 8/24/23
Listing provided courtesy of Paragon Real Estate Advisors, ZNonMember-Office-MLS
Description
This 10-unit apartment community sits on a quiet cornet lot in West Ballard just across the street from the Ballard locks. The current owner has remodeled 7 out of 10 units with high end finishes including quartz countertops, stainless steel appliances, new cabinetry/millwork, as well as fully updated bathrooms. The exterior improvements include a new roof, awnings and exterior paint. This offering is a great opportunity to own a stabilized asset in a core Seattle neighborhood primed for future growth.This 10-unit apartment community sits on a quiet cornet lot in West Ballard just across the street from the Ballard locks. The current owner has remodeled 7 out of 10 units with high end finishes including quartz countertops, stainless steel appliances, new cabinetry/millwork, as well as fully updated bathrooms. The exterior improvements include a new roof, awnings and exterior paint. This offering is a great opportunity to own a stabilized asset in a core Seattle neighborhood primed for future growth.
- Listed by Nick Hemming • Paragon Real Estate Advisors
- Listed by Jacob Odegard • Paragon Real Estate Advisors
Property Details for 5401 34th Avenue Northwest
Community Name
Ballard
School DistrictSeattle
Number of Assigned Spaces8
Total Covered Parking0
Entry Date04-19-2023
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By ZNonMember-Office-MLS
Add your commute
LISTING UPDATED: 08/25/2023 09:24 AM
Property Details for 5401 34th Avenue Northwest
| Status | Sold |
|---|---|
| MLS # | 2057901 |
| Days on Market | 68 |
| Cumulative Days on Market | 123 |
| Taxes | $24,251 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1948 |
| Lot Size | 0.19 AC / 8,421 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By ZNonMember-Office-MLS
Add your commute
Building Information for 5401 34th Avenue Northwest
Stories2Residences10Year Built1948Building Size-Lot Size0.19 AC / 8,421 SF
Payment Calculator
$17,847 per month
30 year fixed, 7.25% Interest
Principal and Interest
$15,826
Property Taxes
$2,021
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 5401 34th Avenue Northwest
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 705 - Ballard/Greenlake
- Directions: From Downtown Seattle, take 15th Ave W and turn left onto NW Leary Way. Turn left onto NW Dock Pl. Turn right onto Shilshole Ave NW. Turn right onto Shilshole Ave NW. Take 54th to 34th Ave NW.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 8.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Wood Products
- Roof: Flat
Property
Utilities
- Water/Sewer/Garbage: 12857
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 38
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 1176001200
- Calculated Square Footage: 7568
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 7568.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 10
- Units Below Grade: false
- Units In Building Total: 10
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 65574
- Gross Adjusted Income: 227875
- Gross Rent Multiplier: 12.3
- Gross Scheduled Income: $239,868
- Insurance Expense: $3,072
- Net Operating Income: $162,300
- Other Expenses: $25,394
- Total Monthly Income: 19989
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Square Feet Unit 1: 850
- Rent Unit 1: $1,995.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Square Feet Unit 2: 850
- Rent Unit 2: $2,395.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Square Feet Unit 3: 650
- Rent Unit 3: $1,625.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Square Feet Unit 4: 500
- Rent Unit 4: $1,195.00
- Bedrooms Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Square Feet Unit 5: 650
- Rent Unit 5: $1,749.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Square Feet Unit 6: 850
- Rent Unit 6: $2,295.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Square Feet Unit 7: 850
- Rent Unit 7: $2,497.00
- Bedrooms Unit 7: 2
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Square Feet Unit 8: 650
- Rent Unit 8: $1,350.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Square Feet Unit 9: 650
- Rent Unit 9: $1,749.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 10
- Square Feet Unit 10: 650
- Rent Unit 10: $1,749.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 7568.0
- Leasable Area Units: Square Feet
Property History for 5401 34th Avenue Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5401 34th Avenue Northwest
Taxable ValueLand$1,894,700Additions$926,300Total$2,821,000
Tax Record2022$24,251 ($2,021 / month)
Home Facts
Total Finished SqFt7,570 SqFtAbove Ground SqFt7,570 SqFtStories2Lot Size8,421 SqFtStyleMulti-Family Dwelling (2-4)Year Built1948Year Renovated1987ZoningLR3 (M)CountyKINGAPN117600-1200
Schools near 5401 34th Avenue Northwest
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Adams Elementary School PublicK to 5 | ||
Whitman Middle School Public6 to 8 | ||
Ballard High School Public9 to 12 | ||
Licton Springs K-8 PublicPK 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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Listing Courtesy of Paragon Real Estate Advisors
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.