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.
| MLS # | 2587105 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 10 |
| Listing Provided By | Lee & Associates Commercial RE | Dea Sumantri |
| SQ Feet | 8,284 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 11 |
| Zoning | Multi-Family |
| Acreage | 0.23 |
| Property | 27132 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98117 |
| Area | 705 Ballard | Greenlake |
| Community Name | Ballard |
| Listing VS Median (in Ballard) | |
Price: $2,595,000 low | high Med: $799,950 sqft: 8,284 low | high Med: 1,660 $ / sqft: $313 low | high Med: $482 On site: 10 low | high Med: 45 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98117 |
| Area | 705 Ballard | Greenlake |
| Community Name | Ballard |
| Listing VS Median (in Ballard) | |
Price: $2,595,000 low | high Med: $799,950 sqft: 8,284 low | high Med: 1,660 $ / sqft: $313 low | high Med: $482 On site: 10 low | high Med: 45 | |
![]() | $2,650,0005920 24th AvenueSeattle, WA 98107 |