8356 16th Avenue NW Seattle WA 98117 MLS #NWM2440232

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Listing Provided Courtesy of Westlake Associates, Inc.
Crown Hill 13 is on the market for the first time since its 2001 construction. This 13-unit, well-built apartment community sits at the border of Loyal Heights and Crown Hill, near shops, dining, and entertainment along the Crown Hill corridor. Secure entry with elevator, garage parking plus large storage lockers. 7 of 13 units have been upgraded. 6 units provide value-add with potential for turnover. It’s close to Golden Gardens Park, Ballard Avenue, and just seven miles from South Lake Union and Downtown Seattle. With a 5.5% in-place cap rate, large floor plans, quality construction, and room for rent growth and renovations, this is a rare chance to own a strong income-producing property in one of Seattle’s top rental markets.
Current real estate data for Multi Family in Seattle as of Oct 02, 2025
207
Multi Family Listed
90
Avg DOM
451
Avg $ / SqFt
$2,032,990
Avg List Price

Property Details

Price:
$4,600,000
MLS #:
NWM2440232
Status:
Active
Beds:
26
Baths:
26
Type:
Multi Family
Subdivision:
Crown Hill
Neighborhood:
705ballardgreenlake
Listed Date:
Oct 1, 2025
Finished Sq Ft:
23,381
Total Sq Ft:
23,381
Lot Size:
10,430 sqft / 0.24 acres (approx)
Year Built:
2001
Units:
13
705 – Ballard/greenlake705ballardgreenlakeCrown HillSeattle

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Laminate, Vinyl Plank, Carpet
Heating
Baseboard

Exterior

Construction Materials
Wood
Exterior Features
Wood
Parking Spots
21
Roof
Composition
Security Features
Security Gate

Financial

Net Operating Income
$253,003
Tax Year
2025
Taxes
$34,067

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Property Summary

    Located in the Crown Hill subdivision, 8356 16th Avenue NW Seattle WA is a Multi Family for sale in Seattle, WA, 98117. It is listed for $4,600,000 To schedule a showing of MLS#nwm2440232 at 8356 16th Avenue NW in Seattle, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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