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$2,890,000 -$90,000 (-3.02%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago

Listed by Erich Bubbel | Compass | (425) 637-7777 and Corey Crain | Keller Williams Realty Bothell | (425) 482-6100

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Gilman Park Plaza - Current Cap of 6.46% 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.

Full Property Details for 801 NW 54th St

General

  • Price: $2,890,000
  • Taxes: $25,238 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2445525
  • Updated: 1/12/2026
  • Added to Site: 93 day(s) ago

Interior

  • Flooring: Laminate, Vinyl Plank

Parking

  • Uncovered Spaces: 7

Location

  • Area: 705 - Ballard/Greenlake
  • County: King
  • Subdivision: Ballard
  • Driving Directions: GPS Device

School Information

  • High School District: Seattle

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Brick, Metal/Vinyl, See Remarks
  • Foundation: See Remarks
  • Roof: Flat
  • Stories in Building: 2
  • Square Feet: 6,560
  • Year Built: 1954
  • Property Condition: Good

Unit Information

  • Units in Building: 16

Lot Features

  • Lot Size (Acres): 0.202
  • Lot Size (Sq. Ft.): 8,800
  • Lot Size Source: Public
  • Lot Features: Corner Lot

Financial Considerations

  • Tax Amount: $25,238
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1225039002

Listed by Erich Bubbel | Compass | (425) 637-7777 and Corey Crain | Keller Williams Realty Bothell | (425) 482-6100

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Schools serving 801 NW 54th St

School District:Seattle School District
NameGradesDistance
West Woodland Elementary School
5601 4th Avenue Northwest, Seattle, WA 98107
K-50.3 mi
Hamilton International Middle School
1610 North 41st Street, Seattle, WA 98103
6-81.5 mi
Ballard High School
1418 Northwest 65th Street, Seattle, WA 98117
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 801 NW 54th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/12/2026
Price Reduced
$2,890,000
-3.02%
MLS
11/09/2025
Price Reduced
$2,980,000
-6.88%
MLS
10/16/2025
Listed
$3,200,000
16.47%
MLS
5/31/2023
Sold
$2,747,600
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 801 NW 54th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$31,737
—
$2,536,000
-24%
2024
$31,737
11%
$3,326,000
—
2022
$28,679
-9%
$3,326,000
1%
2021
$31,403
—
$3,292,000
2%
2021
$31,403
2%
$3,214,000
—
2020
$30,912
43%
$3,200,000
30%
2019
$21,656
-6%
$2,460,000
8%
2018
$23,030
15%
$2,283,000
11%
2017
$20,108
12%
$2,056,000
15%
2016
$18,019
20%
$1,794,000
17%
2015
$14,998
-9%
$1,535,000
—
2014
$16,487
—
$1,535,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Erich Bubbel | Compass | (425) 637-7777 and Corey Crain | Keller Williams Realty Bothell | (425) 482-6100

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801 NW 54th Street, Seattle, WA 98107 (MLS# 2445525) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 801 NW 54th Street is currently listed for $2,890,000 and was received on October 16, 2025. Want to learn more about 801 NW 54th Street? Do you have questions about finding other Multi-Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.

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