Tour This Home
in Person
via Video Call
active
Virtual TourStreet View
With $100K price reduction and rent increases of $250 (Oct/Nov 2025) and $205 (Jan 2026), projected Cap Rate is 5.31%. Prime investment in a top Seattle neighborhood near dining, shopping, and transit. Property offers spacious units averaging 900 SF: one 3-bdrm, three 2-bdrm, and one 1-bdrm. Recent upgrades include new roof (Oct 2024), exterior sealant (Jul 2024), and deck replacements (May 2025). No charges for parking/utilities—immediate revenue upside. Value-add potential with carport conversion or adding a 6th unit (buyer to verify). Common laundry plus private W/D in 3-bdrm. Light renovations could raise rents by almost 20%.
- Neighborhood
- Type
- CountyKing
- Area705 - Ballard/Greenlake
- Tax Amount$15,076
- StatusActive
- Listing #2381058
- Built1977
- Lot Size0.12
- Listed on site167 days
Listed by:
Lee & Associates Commercial RE
Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-11-06 22:22:26. DMCA
Click for Map
Smart Commute Planner
Add a destination
Property details
Community Features
- No HOA
- No Adult Community
Exterior features
- No Pool
Property History
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Sep 19, 2025 | 2 mos ago | Price decreased100,000 (6%) | $1,550,000 |
| May 23, 2025 | 6 mos ago | New on market | $1,650,000 |
Favorite