1521 NW 65th Street, Seattle, WA 98117
- $2,300,000
- 6,224
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: COMPASS.
- Sold Price
- $2,300,000
- List Price
- $2,300,000
- Status
- SOLD
- MLS#
- 2363574
- Closing Date
- Sep 12, 2025
- Days on Market
- 16
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,224
- Area Total SqFt
- 6224
- Annual Tax Ammount
- 21225
- Lot Size (sq ft)
- 9,885
- Sewer
- Sewer Connected
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.
/u.realgeeks.media/360degreesrealestate/header.png)
Additional Information
- List Date
- 2025-08-27 00:00:00
- Community
- Ballard
- Net Operating Income
- $131,255
- Gross Adjusted Income
- $187,986
- Gross Scheduled Income
- $197,880
- Total Monthly Income
- $16,490
- Insurance Expenses
- $6,721
- Water/Sewer/Garbage Expenses
- $12,207
- Gross Rent Multiplier
- 11.6
- Total Expenses
- $56,731
- Cap Rate
- 5.71
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 1521
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1959
- Roof
- Composition
- Other Expenses
- 16578
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $16,490
- Gross Scheduled Income
- $197,880
- Vacancy Rate
- 5
- Gross Adjusted Income
- $187,986
- Tax Year
- 2025
- Insurance Expense
- $6,721
- W/S/G Expenses
- $12,207
- Total Expenses
- $56,731
- Net Operating Income
- $131,255
- Gross Rent Multiplier
- 11.6
- Cap Rate
- 5.71
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.