6530 24th Avenue Nw, Seattle, WA 98117
Local realty services provided by:Tucker Realty ERA Powered
Listed by: dea sumantri, candice chevaillier
Office: lee & associates commercial re206-773-2696
MLS#:2587105
Source:NWMLS
Price summary
- Price:$2,350,000
About this home
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....
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Home facts
- Year built:1959
- Subdivision & Development:Ballard
- Listing ID #:2587105
- Updated:November 15, 2026 at 01:32 AM
Rooms and interior
- Flooring:Hardwood
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Flat Roof
- Year built:1959
- Lot area:0.23 Acres
- Lot Features:Paved, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Fenced-Partially
Utilities
- Sewer:Available
Finances and disclosures
- Price:$2,350,000
- Tax amount:$27,132 (2026)
Parking
- Total parking spaces:9
- Carport spaces:4
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