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About the Listing 7086 - 120656,50748
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.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
2531058
Year Built
1978
Total Square Footage
4,950
Lot/Acreage
0.12
Interior Details
- Bedrooms: 10
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 5
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood Products
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $17,768
- Taxes w/Assessments: N/A
- Tax/Property ID: 2767900265
- Tax Year: 2026
Payment Calculator
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Questions About..
5816 14th Ave NW Seattle, WA 98107
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