Active

Listed by:

Erich Bubbel,

COMPASS,

Corey Crain,

Keller Williams Realty Bothell

Price cut: $220K (11/10)

$2,980,000

801 NW 54th Street, Seattle, WA 98107

17beds

16baths

6,560sqft

Est.:

Multi Family

Built in 1954

-- sqft lot

$2,815,700 Zestimate^®

$454/sqft

$-- HOA

What's special

Off street parking spacesExtra onsite storage stallsExterior paintNew tpo roof

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.

58 days

223

17

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 17
Bathrooms: 16

Heating

Forced Air, Electric

Cooling

None

Features

Flooring: Laminate, Vinyl Plank
Has fireplace: No

Interior area

Total structure area: 6,560
Total interior livable area: 6,560 sqft

Property

Parking

Total spaces: 7
Parking features: Open
Uncovered spaces: 7

Lot

Size: 8,799.12 Square Feet
Features: Corner Lot

Details

Parcel number: 1225039002
Zoning description: Jurisdiction: See Remarks
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Metal/Vinyl, See Remarks
Foundation: See Remarks
Roof: Flat

Condition

Good
Year built: 1954
Major remodel year: 1991

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & HOA

Community

Subdivision: Ballard

Location

Region: Seattle

Financial & listing details

Price per square foot: $454/sqft
Annual tax amount: $25,238
Date on market: 10/15/2025
Cumulative days on market: 58 days
Listing terms: Cash Out,Conventional

Estimated market value

$2,815,700

$2.67M - $2.96M

$2,247/mo

Price history

Date	Event	Price
11/10/2025	Price change	$2,980,000-6.9%$454/sqft
Source: NWMLS #2445525 Report a problem
10/16/2025	Listed for sale	$3,200,000+219.2%$488/sqft
Source: NWMLS #2445525 Report a problem
6/23/2019	Listing removed	$1,200
Source: Zillow Rental Manager Report a problem
6/15/2019	Listed for rent	$1,200+0.4%
Source: Zillow Rental Manager Report a problem
5/7/2019	Listing removed	$1,195
Source: Zillow Rental Manager Report a problem