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Listed by: Dea Sumantri (206) 773-2680 , Candice Chevaillier (206) 773-2696 | Lee & Associates Commercial RE (206) 773-2696
$2,595,000
Monthly Est:$12,916
14 Beds
11 Baths
--sqft
6530 24th Avenue NW, Seattle, WA 98117
$2,595,000
$12,916/moEst:
Get Pre-Approved
Multi Family
Built in 1959
$-- HOA
10,200 sqft lot
--/sqft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 28, 2026 at 4:34 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2587105
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1959
HOA Fees
-
Finished Area
- sqft
Lot Size
10,200 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2587105
MLS Status
Active
Days on Market
7
Cumulative Days on Market
7
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 11
Interior
Flooring
Hardwood
Exterior Features
Wood
Sewer
Available
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1959
Home type
Multi Family
Roof
Flat
Property Condition
Very Good
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Security Features
Partially Fenced
Other Features
Lot Features
Paved, Sidewalk
Subdivision Name
Ballard
Price History
| Date | Event | Price |
|---|---|---|
09/24/2026 Source: | Listed for Sale | $2,595,000 +79.80% $0/sqft |
10/07/2008 Source: | Sold | $1,443,253 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
Advertising Broker: Christy Lee-Naumann (267) 341-8337 | Houzeo Brokerage LLC