801 NW 54th Street Seattle, WA ^$ 2,980,000

801 NW 54th Street

^$ 2,980,000

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801 NW 54th Street

Seattle, WA, 98107

^$ 2,980,000

Studio Baths0.0 Sq 6,560

Monthly Estimate*

^$ 18,348

Listed by COMPASS

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Studio

Multi-Family Home for sale in Seattle, WA

for $2,980,000. This 6,560 square foot home was built in 1954 on a lot size of 0.202.

Gilman Park Plaza - Current Cap of 6.33% with in place rent. 16 units in the prime Ballard neighborhood consists of 15 1Bed/1Ba units and one 2Bed/1Ba. 7 off street parking spaces, extra onsite storage stalls for extra income. Upgrades to the property in the last two years include a new TPO roof was installed in 2024, updated sewer lines along with exterior paint. Located close to mass transit and a walk score of 86/100 making this an ideal investment for future growth in one of the most bustling and vibrant neighborhoods in Seattle.

Multi-Family Active

Price

^$ 2,980,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 25,238

Style

10+ Units

Lot Size

0.202

Year Built

1954

Town/City

Seattle

County/Region

King

MLS | Web ID

2445525

Features

General

Living Area 0

Sewer Sewer Connected

Heating Forced Air

Cooling None

Possession Closing

Roof Flat

HOA Fee 0

Year Built 1954

Property Subtype Multi Family

Tax Year 2025

County King

Net Operating Income 188538

Insurance Expense 6200

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Ballard

Special Listing Conditions None

Status Active

Directions GPS Device

City Seattle

Senior Community Y/N N

High School District Seattle

Open Parking Spaces 7

Number Of Units Total 16

MLS Area 705 - Ballard/Greenlake

Lot Size Units Square Feet

Lot Size Square Feet 8800

Carport Spaces 0

Carport Y/N N

Listing Terms Cash Out Conventional

Tax Annual Amount 25238

Electric Expense 0

Fuel Expense 0

Property Condition Good

Public Remarks Gilman Park Plaza - Current Cap of 6.33% with in place rent. 16 units in the prime Ballard neighborhood consists of 15 1Bed/1Ba units and one 2Bed/1Ba. 7 off street parking spaces extra onsite storag

Leasable Area 6560

Structure Type Multi Family

Building Area Units Square Feet

Standard Status Active

Units Below Grade false

Units In Building Total 16

Water Sewer Garbage 16483

Property Style 56 - 10+ Units

Cap Rate 6.33

Exterior

Exterior Amenities Brick Metal/Vinyl See Remarks

Lot Features Corner Lot

Water Source Public

Total Parking 7

Foundation Details See Remarks

Building Area Total 6560

Lot Size Acres 0.202

Waterfront Y/N N

Covered Spaces 0

Irrigation Water Rights Y/N N

Parking Uncovered Spaces 7

Interior

Flooring Laminate Vinyl Plank

Total Fireplaces 0

Total Stories 2

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Power Production Type Electric

Baths Three Quarter Upper 0

Bedrooms Upper 0

Baths Half Upper 0

Baths Full Upper 0

Internal Only

OriginalMLSID NWM2445525

Street Number 1 801

* Excluded Features

List By

Erich Bubbel

Listing Agent

Compass

Broker

Affordability Calculator

$20,452

Per Month

Monthly Principal & Interest: $18,348
Monthly Property Taxes: $2,103
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Seattle, WA

Average List Price ^$2,274,514

Percent of Sale Price 24%

About Seattle, WA

718,877 Population

28% Since 2002

^$81,312 Median Income

39.1 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

257829 Elementary School

258279 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/10/2025	$2,980,000	-6.88%	Price Down
10/16/2025	$3,200,000		Listed Price

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801 NW 54th Street, Seattle, WA, 98107 is a Multi-Family Home for sale at $2,980,000 with 6,560 sqft and a lot size of 0.202. 801 NW 54th Street is a studio with 0.0 baths and was built in 1954. The property's zip code is 98107 which is in Seattle, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Northwest Multiple Listing Service

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northwest Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/12/2026.

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801 NW 54th Street

Multi-Family Home for sale in Seattle, WA

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