Listed by SPIRE ONE Realty
$1,385,000

Estimated payment $8,331/month

Total Views 12,465
6 Beds
3 Baths
2,842 Sq Ft
$487 Price per Sq Ft

Highlights

  • Corner Lot
  • No HOA
  • High Speed Internet
  • Adams Elementary School Rated A
  • Hot Water Circulator
  • 2-minute walk to Ballard Playground

About This Home

Turnkey Investment Opportunity in Prime Ballard Location! Three income producing units, completely rebuilt in 2008, offers an excellent investment with strong cash flow. Located in one of the city’s most sought-after neighborhoods, the property features a 4-bedroom, 2-bath upper unit and a 2-bedroom, 1-bath daylight lower unit, each with separate entrances for privacy. A spacious oversized garage, added in 2008, provides additional rental income. Tenants cover all utilities, maximizing your return. Both units boast modern kitchens with dishwashers, full-size washers and dryers, and efficient H2O recirculating heat. Don’t miss this exceptional opportunity in Ballard!

Listing Agent

Jared Fraser

SPIRE ONE Realty License #25152 Listed on: 08/06/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2417721

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,425

Year Built

  • Built in 1944

Lot Details

  • 3,500 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2,842 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking

Utilities

  • Hot Water Circulator
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • See Legal Condos
  • Ballard Subdivision

Listing and Financial Details

  • Legal Lot and Block See Legal / See Legal
  • Assessor Parcel Number 0476000005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,425

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1944
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: See Legal
  • New Construction: No
  • CalculatedSquareFootage: 2842
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 6
  • Total Bedrooms: 6
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water Recirc Pump
  • Heating Yn: Yes
  • PowerCompany: Seattle Public Utilities
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0476000005
  • Lot Size Acres: 0.0803
  • Lot Size Sq Ft: 3500
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County
  • ZoningJurisdiction: City
  • LotNumber: See Legal

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 22.71
  • LeasedItems: None
  • TotalMonthlyIncome: 6305

Multi Family

  • Gross Scheduled Income: 75660
  • Net Operating Income: 61000
  • Number Of Units Total: 3
  • Insurance Expense: 3238
  • Leasable Area: 3193
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 11425

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,701 $1,317,000 $672,000 $645,000
2023 $11,425 $1,202,000 $600,000 $602,000
2022 $11,026 $1,257,000 $851,000 $406,000
2021 $9,466 $1,194,000 $788,000 $406,000
2020 $9,541 $967,000 $671,000 $296,000
2018 $8,736 $988,000 $711,000 $277,000
2017 $7,508 $875,000 $630,000 $245,000
2016 $6,958 $776,000 $229,000 $547,000
2015 $6,039 $702,000 $208,000 $494,000
2014 -- $622,000 $185,000 $437,000
2013 -- $587,000 $171,000 $416,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 For Sale $1,385,000 +25.9% $487 / Sq Ft
06/09/2017 06/09/17 Sold $1,100,000 0.0% $382 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
05/04/2017 05/04/17 For Sale $1,100,000 +60.6% $382 / Sq Ft
11/12/2013 11/12/13 Sold $685,000 0.0% $238 / Sq Ft
10/16/2013 10/16/13 Pending -- -- --
10/09/2013 10/09/13 For Sale $685,000 -- $238 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,100,000 Old Republic T
Warranty Deed $685,000 Chicago Title
Warranty Deed $405,000 Ticor National
Interfamily Deed Transfer -- --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $717,000 New Conventional
Closed $758,200 New Conventional
Previous Owner $500,000 New Conventional
Previous Owner $445,250 Purchase Money Mortgage
Previous Owner $524,750 New Conventional
Previous Owner $533,800 Unknown
Previous Owner $40,400 Credit Line Revolving
Previous Owner $324,000 Purchase Money Mortgage
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2417721

Northwest Multiple Listing Service (NWMLS)

APN: 047600-0005