Listed by Paragon Real Estate Advisors
NOT LISTED FOR SALE

5401 34th Ave NW Seattle, WA 98107

Sunset Hill Neighborhood
-- Bed
-- Bath
7,568 Sq Ft
8,421 Sq Ft Lot

Last Sold August 24, 2023

Last sale price $2,900,000 $383 Per Sq Ft

68 Days on Market

Highlights

  • No HOA
  • Adams Elementary School Rated A
  • Baseboard Heating

About This Home

As of August 2023

This 10-unit apartment community sits on a quiet cornet lot in West Ballard just across the street from the Ballard locks. The current owner has remodeled 7 out of 10 units with high end finishes including quartz countertops, stainless steel appliances, new cabinetry/millwork, as well as fully updated bathrooms. The exterior improvements include a new roof, awnings and exterior paint. This offering is a great opportunity to own a stabilized asset in a core Seattle neighborhood primed for future growth.

Last Agent to Sell the Property

Nick Hemming

Paragon Real Estate Advisors License #120684 Listed on: 04/19/2023

Co-Listed By

Jacob Odegard

Paragon Real Estate Advisors License #120796

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2057901

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,251

Year Built

  • Built in 1948

Lot Details

  • 8,421

Home Design

  • Flat Roof Shape
  • Wood Composite

Interior Spaces

  • 7,568 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • 8,421 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1176001200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,251

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1948
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7568
  • Special Features: None
  • Cumulative Days on Market: 489

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 12857

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1176001200
  • Lot Size Acres: 0.1933
  • Lot Size Sq Ft: 8421
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12.3
  • LeasedItems: None
  • TotalMonthlyIncome: 19989

Multi Family

  • Gross Scheduled Income: 239868
  • Net Operating Income: 162300
  • Number Of Units Total: 10
  • Insurance Expense: 3072
  • Leasable Area: 7568
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 24251

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $2,900,000 0.0% $383 / Sq Ft
08/08/2023 08/08/23 For Rent $1,625 0.0% --
07/13/2023 07/13/23 For Rent $1,625 0.0% --
06/26/2023 06/26/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $2,950,000 0.0% $390 / Sq Ft
02/08/2023 02/08/23 Price Changed $1,625 -4.1% $2 / Sq Ft
02/01/2023 02/01/23 For Rent $1,695 0.0% --
10/05/2021 10/05/21 Sold $2,500,000 +8.9% $330 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $2,295,000 -- $303 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Hemming

    Seller's Agent in 2023

    Nick Hemming

    Paragon Real Estate Advisors

    (206) 812-9105

    2 in this area

    45 Total Sales

    Nick Hemming
    Section Image

  • J

    Seller Co-Listing Agent in 2023

    Jacob Odegard

    Paragon Real Estate Advisors

    Section Image
  • Elizabeth Talley

    Seller's Agent in 2021

    Elizabeth Talley

    Windermere Corporate

    (206) 235-6271

    7 in this area

    78 Total Sales

    Elizabeth Talley
    Section Image
  • David Sligar

    Seller Co-Listing Agent in 2021

    David Sligar

    Windermere Corporate

    (206) 200-1003

    3 in this area

    34 Total Sales

    David Sligar
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2057901

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98107 Sunset Hill

5401 34th Ave NW, Seattle, WA

This home is located at 5401 34th Ave NW, Seattle, WA 98107 since 19 April 2023. This property was built in 1948. 5401 34th Ave NW is a home located in King County with nearby schools including Adams Elementary School, Whitman Middle School, and Ballard High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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