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JRJeff ReynoldsCompass · Seattle
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Active

Listed by Puneet Sachdeva, Kelly Right RE of Seattle LLC

3,400
Square feet
$375
Per sq ft
Multi Family
Type
1977
Year built
5,000 sq ft
Lot
0
Days on market

About this property

Prime Ballard Triplex with Strong Rental Income & Value-Add Potential! Well-maintained income property featuring two spacious 2-bedroom, 1.75-bath units (approximately 1,430 SF each) and a lower-level studio (approximately 540 SF), generating $84,600 in annual rental income. Long-term tenants provide stable cash flow with upside through future rent adjustments. Utilities are included in rent, making this an attractive investment with consistent occupancy history. Ideally located near downtown Ballard, Golden Gardens, shopping, dining, parks, transit, and major commuter routes. Whether you're adding to your portfolio or seeking a long-term investment in one of Seattle's most desirable neighborhoods, this property offers immediate income, future upside, and excellent appreciation potential.

Location & commute

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Directions

Property details

Listing details

Listing number
#2556712
Listed
July 17, 2026
Days on market
0
Price per sq ft
$375

Unit & building

Stories in building
2

Parking

Total spaces
2

Construction

Year built
1977
Style
53 - Tri-plex
Structure
Triplex
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
VinylCarpet

Lot

Lot features
CurbsPavedSidewalk
Lot size
5,000 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Sewer Connected

Schools

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

What stands out to you?

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  • Triplex
  • Composition
  • Baseboard
  • None
  • Electric
  • Vinyl
  • Carpet
  • Curbs
  • Paved
  • Sidewalk
  • Cash
  • Conventional

Listing history

  1. Listed

    $1,274,995

    July 17, 2026

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

$7,424

Principal & interest
$6,447
Property tax (est.)
$977

Assumes $254,999 down (20%), a $1,019,996 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 July 17, 2026 at 9:30 PM 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.