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JRJeff ReynoldsCompass · Seattle

Listed by Jonny Tat, COMPASS

2,770
Square feet
$451
Per sq ft
Multi Family
Type
1969
Year built
5,000 sq ft
Lot
107
Days on market

About this property

Welcome to this prime Ballard triplex, an exceptional opportunity for investors looking for a well-maintained, income-producing asset in a highly walkable and sought-after Seattle neighborhood. Currently fully tenant-occupied, rents in two units were recently increased to closely reflect current market value, offering a solid foundation with a clear path for continued growth. Two of the units were fully renovated, and every unit comes fully equipped with a range, refrigerator, and dishwasher for everyday convenience. Beyond the individual living spaces, the property features shared on-site coin laundry facilities and two garage spaces, adding significant value and the potential for additional parking or storage revenue. Situated in an incredibly walkable Ballard location, residents have easy access to the neighborhood's renowned dining, shopping, and entertainment. This is a rare chance to own a fully occupied, well-performing asset with clear upside in one of Seattle's strongest rental markets.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Jeff's Neighborhood Guide

Get to know Ballard

Jeff's Ballard profile covers the streets, shoreline, parks, markets, and local places that define the neighborhood, written from years of showing homes here. It is editorial, separate from the MLS listing data above.

Also nearby, within the same NWMLS search area.

Property details

Listing details

Listing number
#2542614
Listed
June 26, 2026
Days on market
107
Price per sq ft
$451
Original list price
$1,300,000

Unit & building

Stories in building
2
Units in building
3

Parking

Total spaces
3

Views

View
Territorial

Construction

Year built
1969
Style
53 - Tri-plex
Structure
Triplex
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
VinylVinyl PlankCarpet

Lot

Lot features
CurbsPavedSidewalk
Lot size
5,000 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Water
Seattle Public Utilities
Sewer
Seattle Public Utilities
Power
Seattle City Light

Schools

District
Seattle
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Territorial
  • Triplex
  • Composition
  • Baseboard
  • None
  • Electric
  • Vinyl
  • Vinyl Plank
  • Carpet
  • Curbs
  • Paved
  • Sidewalk

Listing history

  1. Listed

    $1,300,000

    June 26, 2026

  2. Current price

    $1,250,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$7,279

Principal & interest
$6,321
Property tax (est.)
$958

Assumes $250,000 down (20%), a $1,000,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of October 12, 2026 at 3:30 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.