Bought with COMPASS
$2,300,000
$2,300,000
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6,224 SqFt
SOLD DATE : 09/12/2025
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,224 sqft
Price per Sqft $369
Subdivision Ballard
MLS Listing ID 2363574
Sold Date 09/12/25
Style 55 - 5-9 Units
Year Built 1959
Annual Tax Amount $21,225
Lot Size 9,885 Sqft
Property Sub-Type Multi Family
Property Description
Rare investment opportunity in one of Seattle's most desirable neighborhoods. The Ballard 9 has been meticulously maintained, with numerous high-quality updates completed during tenant turnovers. Its spacious, light-filled units, paired with professional management, have contributed to long-term tenant retention. This property offers a compelling value-add opportunity: an investor can increase cash flow by raising rents to market levels and continuing the proven strategy of upgrading units upon turnover.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Hardwood
Fireplace false
Exterior
Exterior Feature Brick, Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Brokers, REALTORS | Lic# 20114290
baldehfamilyrealestate@gmail.com
19515 North Creek Parkway Suite 214, Bothell, WA, 98011