1521 NW 65th St - Apartments FOR SALE


Seattle, WA 98117- Ballard
$2,300,000 USD
206-623-8880
1521 NW 65th St, Seattle, WA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/17
null | 5.77% Cap Rate

1521 NW 65th St
Seattle, WA 98117
Ballard


HIGHLIGHTS

  • Prime Ballard location – situated on NW 65th Street
  • Meticulously maintained 9 unit building
  • Charming mid-century features
  • Stable tenancy with long-term residents
  • Value add opportunity with cosmetic updates
  • Immediate rental upside with below market rents

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

9

PRICE/UNIT

$255,556

CAP RATE

5.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Ballard 9

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,884 SF

ZONING

LR1 (M)

APN/PARCEL ID

276760-0525

ASK ABOUT THIS PROPERTY

Cathy JeneyParagon Real Estate AdvisorsMore Info
206-623-8880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Cathy JeneyParagon Real Estate AdvisorsMore Info
206-623-8880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.