NOT LISTED FOR SALE
1 Bed
1 Bath
10,800 Sq Ft
9,300 Sq Ft Lot

Last Sold December 28, 2023

Last sale price $3,600,000 $333 Per Sq Ft

33 Days on Market

Highlights

  • City View
  • Secluded Lot
  • Vinyl Plank Flooring
  • Adams Elementary School Rated A
  • No HOA
  • 4-minute walk to Ballard Playground

About This Home

As of December 2023

Fantastic value add opportunity in the heart of Ballard. A 16 unit apartment building with a unit of 14 - 1bed x 1 bath and 2 - 2bed 1 bath. This building and units are in great shape with the new owner able to raise rents to market rate and renovate upon turnover. 7 Parking spots and a great deal amount of storage. Non-conforming 17th Studio that is receiving $500 a month. Located on a corner lot, on 9,300 square feet and zoned NC1-55 (M) (Build up to 55 feet), creates the opportunity for future development potential. Reach out to listing broker for tours. Please inquire about market proforma & renovated proforma financials.

Last Agent to Sell the Property

Winslow Lee

Kidder Mathews License #136708 Listed on: 10/14/2023

Last Buyer's Agent

Winslow Lee

Kidder Mathews License #136708 Listed on: 10/14/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2171776

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,697

Year Built

  • Built in 1958

Lot Details

  • 9,300 Sq Ft Lot
  • Secluded Lot
  • Corner Lot
  • Value in Land
  • Property is in good condition

Property Views

  • City
  • Mountain
  • Territorial

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 10,800 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 7 Parking Spaces
  • Open Parking

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767602635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,697

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1958
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 10800
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 1.5%
  • Special Features: VirtualTour
  • Cumulative Days on Market: 389

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Metal
  • View: City, Mountain(s), Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Secluded, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 6383

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 6382

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2767602635
  • Lot Size Acres: 0.2135
  • Lot Size: 9300
  • Lot Size Sq Ft: 9300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCPV
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 29
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 21048

Multi Family

  • Gross Scheduled Income: 238001
  • Net Operating Income: 144129
  • Number Of Units Total: 3
  • Electric Expense: 6383
  • Insurance Expense: 8527
  • Leasable Area: 10800
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 36697

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2023 12/28/23 Sold $3,600,000 -15.3% $333 / Sq Ft
11/16/2023 11/16/23 Pending -- -- --
10/14/2023 10/14/23 For Sale $4,250,000 -- $394 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2171776

Northwest Multiple Listing Service (NWMLS)