Gilman Park Plaza Apartments 801 NW 54th St Immeuble residentiel 16 lots 2 493 694 € (155 856 €/Lot) Taux de capitalisation 6,46 % Seattle, WA 98107

Investment Sales Group & Keller Williams Commercial are pleased to offer for sale a 16-unit apartment building located in the heart of Ballard, one of Seattle’s most desirable and highest-performing multifamily submarkets. The property presents an exceptional opportunity to acquire a stabilized asset with both durable cash flow and meaningful upside potential.
Situated within walking distance of Ballard Avenue’s retail core, breweries, and transit options, this well-maintained property appeals to a broad renter base seeking the neighborhood’s vibrant mix of amenities and accessibility to downtown Seattle and South Lake Union employers.
The building consists of 15 one-bedroom / one-bath units and one two-bedroom / one-bath unit, supported by on-site coin-operated laundry, additional storage spaces, and seven parking stalls that are not currently being charged for—offering immediate income growth potential. Recent capital improvements, including updated sewer lines and a brand-new roof completed in 2024, further strengthen the property’s long-term stability and performance.
Property Highlights:
15 one-bedroom / one-bath units and 1 two-bedroom / one-bath unit
Coin-operated laundry for additional income
Extra on-site storage for tenants
Seven parking spaces (currently uncharged)
Updated sewer lines
New roof completed in 2024
Excellent Ballard location near shops, dining, and major transit routes
Strong rental demand and consistent historical occupancy