Ballard/Greenlake Homes with 55 - 5-9 Units Style

Ballard/Greenlake Homes with 55 - 5-9 Units Style

Welcome to the vibrant neighborhoods of Ballard and Greenlake, two of Seattle’s most cherished gems that perfectly blend urban living with natural beauty. Nestled in King County, these areas are renowned for their eclectic charm, rich history, and a sense of community that is hard to find elsewhere.

Ballard, once a bustling fishing village, now boasts a thriving arts scene, trendy boutiques, and a variety of restaurants that cater to every palate. Stroll along Ballard Avenue to discover local artisans, farmers' markets, and the iconic Ballard Locks, where you can witness boats navigating between the lakes and the Puget Sound. Just a stone's throw away, Greenlake offers a tranquil retreat with its picturesque lake, surrounded by lush greenery and a 2.8-mile path perfect for walking, jogging, or cycling. The park is a hub for outdoor enthusiasts, offering activities ranging from paddleboarding to picnicking.

In terms of housing, the Ballard and Greenlake areas feature a unique selection of homes with 55 to 59 units, providing a blend of modern amenities and classic Seattle charm. These residences are often characterized by spacious layouts, contemporary finishes, and communal spaces that foster a sense of togetherness among neighbors. Whether you’re seeking a cozy apartment or a stylish townhouse, you’ll find a diverse range of options that cater to various lifestyles.

With its perfect mix of urban excitement and serene nature, Ballard and Greenlake are not just places to live—they are places to thrive. Experience the best of Seattle living in these dynamic neighborhoods, where every day feels like a new adventure.

Newest Ballard/Greenlake Homes with 55 - 5-9 Units Style

$2,210,720
2580220 MLS ⋅ ACTIVE Status
Bon a’Ville Apartments is an eight-unit multifamily property located at 11249 Greenwood Avenue North in Seattle’s Broadview neighborhood. Built in 1975, the three-story, wood-frame building is situated on an approximately 6,700-square-foot LR3-zoned site along Greenwood Avenue North. The property features a desirable unit mix consisting of six two-bedroom/one-bath units and two one-bedroom/one-bath units. The two-bedroom units are approximately 950 square feet, with the one-bedroom units containing approximately 650 square feet. Units feature functional floor plans, updated appliances in select units, double-pane windows, and a combination of carpet, laminate, and vinyl flooring. Several units also offer western territorial and partial Puget Sound views. Property amenities include off-street parking for each unit, secured entry with an intercom system, and on-site laundry facilities. The two top-floor units have in unit washer and dryer. The property is located along Greenwood Avenue North in Seattle’s established Broadview neighborhood, a desirable North Seattle residential area offering convenient access to neighborhood amenities, employment centers, and regional transportation. Greenwood Avenue provides a direct connection to the shops, restaurants, cafés, and services found throughout Greenwood and surrounding North Seattle neighborhoods.

11249 Greenwood Avenue N, Seattle

Listing courtesy of Capstone Commercial.

$2,000,000
2577739 MLS ⋅ ACTIVE Status
Prime investment opportunity in the heart of Fremont! Linden features an attractive 8-unit mix (two 1 bed/1 bath and six 2 bed/1 bath units) averaging 644 sq ft. Exceptional upside potential with current rents ~10% below market rate and utility reimbursements sitting at ~37% with room to expand to 86%. Additional revenue avenues include introducing parking fees and pet rent.Six units are already renovated with low-maintenance LVP flooring, updated kitchen cabinets, new countertops, upgraded fixtures, and modern bathrooms. Over $200k in recent capital improvements completed, including a new roof, upgraded electrical panels, and fresh exterior paint—leaving just two units to finish for full value-add execution.Unbeatable location on Linden Ave, 1 block off Fremont Ave’s top dining and nightlife, the Burke-Gilman Trail, and Gas Works Park. Walk Score 82 | Bike Score 80. Easy access to Aurora Ave & downtown Seattle. Outstanding cash flow potential in a high-demand submarket!

4400 Linden Ave N, Seattle

Listing courtesy of Real Broker LLC.

$2,250,000
2569921 MLS ⋅ ACTIVE Status
Exceptional investment opportunity in the highly desirable Fremont/Wallingford neighborhood. This well-maintained 6-unit property features a rare and highly rentable unit mix consisting of four 2-bedroom units and two spacious 4-bedroom, 2-bath penthouse units offering views of Downtown Seattle and Lake Union, supported by consistently strong tenant demand. The property offers five secure, covered parking spaces, a newer roof, double-pane vinyl windows, durable Hardie Plank siding, and convenient on-site laundry. Unit #2 was recently remodeled with new flooring, quartz countertops, updated millwork, and additional interior improvements. Current rents remain below prevailing market levels, creating a clear opportunity for the next investor to increase income over time. Ideally located with convenient access to the University of Washington, South Lake Union, Downtown Seattle, and surrounding employment centers by transit, bike, or car. A well-maintained, income-producing asset in one of Seattle’s most desirable rental markets, offering a 2026 cap rate of approximately 5.0%.

3660 Whitman Avenue N, Seattle

Listing courtesy of Lotside.

$3,395,000
2565600 MLS ⋅ ACTIVE Status
Rare Investment opportunity in HIGHLY SOUGHT AFTER Green Lake! All units leased on Annual Terms, tenants pay utilities, no HOA. Green Home, divided into 6 units. Each unit has 2 bedrooms, 2.5 baths, Individual 1 car GARAGE, Washer/dryer in unit, fully fenced patio with roof top deck offering amazing views of Seattle Downtown and beautiful Mt Rainier. Open floor plan with gourmet kitchen, SS appliances, steam shower, AC Mini-splits. Walking distance from Restaurants, parks, schools, and much more! Addresses are 1400,1402,1404,1406,1408,1410. Each unit has a separate tax parcel. Rents are below market value.

1404 N 95th Street, Seattle

Listing courtesy of Kelly Right RE of Seattle LLC.

$1,199,950
2560133 MLS ⋅ ACTIVE Status
Prime Green Lake location just one block from the lake! This fully occupied five-unit property includes two buildings situated on a single tax parcel, offering a total of approximately 3,275 square feet of living space. The west building is a 3-bedroom, 1-bath home with approximately 1,280 square feet, while the east building consists of four 1-bedroom units. The units feature open floor plans and abundant natural light. Property improvements include updated roofs, siding, windows, exterior paint, and electrical systems. Unit #2 was recently remodeled. Additional features include separately metered electrical service, coin-operated laundry, and on-site storage units. With a historically low vacancy rate, strong rental demand, and opportunities to increase income, this property presents an attractive investment opportunity. LR3 zoning may provide additional development potential. Current cap rate: 6.15%.

7103 Linden Avenue N Unit #1-5, Seattle

Listing courtesy of Lotside.

$1,995,000
2560645 MLS ⋅ ACTIVE Status
Nestled in Seattle's most coveted Green Lake neighborhood, this well-maintained 7-unit apartment building offers an exceptional foundation for multifamily investment. Located just steps from the iconic Green Lake Park, the property features an attractive mix of one and two-bedroom units generating consistent, stable rental income in one of the city's most sought-after submarkets. This is an ideal opportunity for both experienced and emerging investors seeking exposure to Seattle's resilient rental market. The property benefits from strong tenant demand, proven longevity, and a premier location in one of the Pacific Northwest's strongest performing neighborhoods—positioning it perfectly for investors looking to build wealth through long-term appreciation and steady cash flow.

6515 5th Avenue NE, Seattle

Listing courtesy of Pacific Crest.

$1,650,000
2555526 MLS ⋅ ACTIVE Status
This is the one!! Very Well maintained 5 unit building in a desirable Ballard and very walkable Location. The building features 3 townhome style 2 bedroom loft units with private balconies and 2 one bedroom units with many upgrades . The building has a shared laundry room and storage for each unit, 2 tandem parking spaces and 3 uncovered spaces in the back, and some longer terms tenants. Very little turnover in this building. Located in the heart of Ballard, don't miss out on this solid turn key investment property.

1750 NW 58th Street, Seattle

Listing courtesy of RE/MAX Metro Realty, Inc..

$1,800,000
2554587 MLS ⋅ ACTIVE Status
Well-maintained six-unit multifamily property located in the heart of Ballard, one of Seattle's most sought-after rental markets. Two units have been fully renovated within the past year, while the remaining four have been tastefully updated in recent years and are in excellent condition. Ideally situated within walking distance of Ballard's vibrant Market Street, residents enjoy convenient access to popular restaurants, shops, breweries, parks, and everyday amenities. On-site coin-operated laundry provides additional income, and two garage spaces offer the potential for future revenue. With a strong location, quality updates, and room for continued rental growth, this property presents an outstanding investment opportunity.

2209 NW 59th Street, Seattle

Listing courtesy of North Pacific Properties.

$1,900,000
2541763 MLS ⋅ ACTIVE Status
Originally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among properties of this size. The residential component includes four oversized one-bedroom units and one expansive two-bedroom unit, each featuring thoughtful floorplans designed to maximize functionality and natural light. All apartment homes benefit from southern exposure and offer generous living spaces, large bedrooms, well-appointed kitchens with abundant cabinetry, and private outdoor patios. Additional in-unit amenities include a range, refrigerator, dishwasher, microwave, and air-conditioning. The ground-floor commercial space further enhances the property’s appeal, offering an attractive, flexible environment characterized by beautiful hardwood flooring, a kitchenette, and a private shower. This unique component provides investors with additional income diversification while serving a variety of potential tenant uses. The property has been meticulously maintained throughout ownership and features frame construction with durable vinyl siding and a pitched roof that remains in excellent condition. Additional tenant amenities include a common laundry facility, an inviting rooftop deck with neighborhood views, and an exceptional 1:1 parking ratio, an rare feature in Fremont’s urban core.

816 N 38th Street, Seattle

Listing courtesy of Westlake Associates, Inc..

$1,895,000
2538004 MLS ⋅ ACTIVE Status
Bittertree Condominiums is an eight-unit apartment building at 13310 Greenwood Ave N in Seattle’s Greenwood neighborhood. Built in 1996, the property features two large studios, two one-bedroom units, and four two-bedroom units. All units include in-unit washers and dryers, private balconies, and access to a secured garage with seven parking stalls. The building sits on a 6,787 SF LR3 (M) zoned lot on Greenwood Avenue. This is a stabilized asset with upside potential. Five units have been updated with luxury vinyl plank flooring and newer appliances. The remaining three are occupied by long-term tenants with below-market rents, offering an opportunity to increase income through natural turnover. With separate electric meters, water sub-metering, and modern construction, the property offers a low-maintenance, efficient operating profile. Seller financing is available with 30% down and a five-year interest-only term: 5.0% interest in years one and two, and 5.5% in years three through five. The investment delivers a 5.7% cap rate and 7.2% cash-on-cash return at acquisition, increasing to a 6.6% cap rate and 10.2% cash-on-cash return as rents reach market levels.

13310 Greenwood Avenue N, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,499,500
2534680 MLS ⋅ ACTIVE Status
Incredible value-add multifamily opportunity in Seattle’s highly sought-after Northgate neighborhood! This turn-key 6-unit building features a fantastic unit mix of four 2-bed/1-bath units and two 1-bed/1-bath units, situated back off a quiet residential dead-end street north of Green Lake. Multiple units have been beautifully and tastefully updated, including a recent comprehensive remodel of Unit 2. Every unit offers modern conveniences including in-unit washers/dryers, dishwashers, private decks, storage lockers, and dual-pane vinyl windows. 100% occupied with stable cash flow and rents still sitting below market potential. Features an attractive, low-maintenance exterior, 6 dedicated parking spaces (including 4 carport spots), and a fire sprinkler system. Unbeatable location within walking distance to the Northgate light rail/bus lines, shopping, dining, and easy I-5 access. Perfect for an investor looking for a high-performing asset in a premier rental market!

10732 Stone Avenue N Unit #1-6, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$1,725,000
2531058 MLS ⋅ ACTIVE Status
Kos Apartments is a five unit multifamily property located in the Ballard neighborhood of Seattle. All five units are two bedroom, two bathroom residences averaging 990 square feet, positioned on a 5,100 square foot LR3 RC (M1) zoned lot. The property was constructed in 1978 and features wood frame construction, double pane vinyl windows, copper plumbing, and five dedicated parking stalls including four carport stalls. Two of the five units have been renovated and are leased at rents approaching market. The remaining three units are in original condition and leased month to month, with two tenants in place since 2011. This tenant structure presents a clean path for a renovation value-add play: as legacy tenants turn, a new owner can renovate the units to the same finish level as the two renovated units, supporting a renovated rent target of $2,550 per unit and a 6.7% proforma cap rate. Ballard continues to see strong rental demand driven by proximity to downtown Seattle, Fremont, and the broader South Lake Union employment corridor, as well as walkable retail, waterfront access, and established transit connectivity.

5816 14th Avenue NW, Seattle

Listing courtesy of Paragon Real Estate Advisors.

Start Your Search
Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.