Listed by COMPASS
$3,200,000

Estimated payment $19,085/month

17 Beds
16 Baths
6,560 Sq Ft
$488 Price per Sq Ft

Highlights

  • 0.2 Acre Lot
  • Corner Lot
  • Vinyl Plank Flooring
  • West Woodland Elementary School Rated A
  • No HOA
  • 3-minute walk to Gilman Playground

About This Home

Gilman Park Plaza - Current Cap of 5.87% 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.

Listing Agent

Erich Bubbel

COMPASS License #117941 Listed on: 10/16/2025

COMPASS

Co-Listing Agent

Corey Crain

Keller Williams Realty Bothell License #26492

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2445525

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,238

Year Built

  • Built in 1954

Lot Details

  • 8,800 Sq Ft Lot
  • Corner Lot
  • 1225039002
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 6,560 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 16 Bathrooms

Parking

  • 7 Parking Spaces
  • Open Parking

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1225039002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,238

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1954
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 6560
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Total Bedrooms: 17
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Construction Type: Brick, Metal/Vinyl, See Remarks
  • Exterior Features: Brick, Metal/Vinyl, See Remarks
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1225039002
  • Lot Size Acres: 0.202
  • Lot Size Sq Ft: 8800
  • Additional Parcels Description: 1225039002
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public
  • ZoningJurisdiction: See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.5
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 23193

Tax Info

  • Year: 2025
  • Tax Annual Amount: 25238

Multi Family

  • Number Of Units Total: 16
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

Range of Values:

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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 List to Sale Price per Sq Ft
10/16/2025 10/16/25 For Sale $3,200,000 -- $488 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2445525

Northwest Multiple Listing Service (NWMLS)