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About the Listing 6432 - 132699,38708
We are pleased to present the Glen Ellyn Apartments, an 11-unit multifamily property located in Seattle’s Ballard neighborhood. Built in 1959, the property consists of eight one-bedroom and three two-bedroom units featuring functional layouts, natural light, and natural hardwood flooring. The units remain in classic but well-maintained condition, providing a strong foundation for future renovation and modernization. The asset has also benefited from several capital improvements, including a roof replacement in 2017, replacement of the individual electrical panels in all units in 2025, and a new rear fence installed in August 2025. Property amenities include covered and off-street parking, storage units, and on-site laundry. The location provides convenient access to Ballard Community Center, QFC, National Nordic Museum, Ballard Avenue & Farmers Market, the Ballard Locks, and the Ballard Public Library, along with the neighborhood’s broader retail, dining, and recreational amenities. Current rents are approximately 13% below market, providing near-term income growth potential through future turnover and rent adjustments. Additional upside may be realized through targeted unit renovations and modernization, with renovated rents estimated at approximately 29% above current levels. Further operational upside exists through implementation of utility bill-backs, which are not currently charged, as well as the opportunity to maximize parking income.
Listing Highlights
Interior Details
- Bedrooms: 14
- Bathrooms: 11 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Hardwood
- Basement:
- Other:
- Water: Seattle Public Utilities
Exterior Details
- Lot Description: Paved,Sidewalk,Fenced-Partially,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: Multi-Family
- Roof: Flat
- Others: Wood,Very Good
- Sewer: Seattle Public Utilities
Financial Details
- Tax Amount: $27,132
- Taxes w/Assessments: N/A
- Tax/Property ID: 7518508902
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
6530 24th Ave NW Seattle, WA 98117
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