1423 NW 60th Street, Seattle, WA 98107
- $1,565,000
- 5,658
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Westlake Associates, Inc..
- Sold Price
- $1,565,000
- List Price
- $1,595,000
- Status
- SOLD
- MLS#
- 2473133
- Closing Date
- Mar 10, 2026
- Days on Market
- 181
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,658
- Area Total SqFt
- 5658
- Annual Tax Ammount
- 14303
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Owner Financing available with 30% down and 5% Interest Only. Do not Disturb Tenants. Listed for the first time in over 30 years, Ballard 5 is a unique investment opportunity in one of Seattle’s most dynamic neighborhoods. Featuring all spacious 2-bedroom units, Ballard 5 is strategically positioned just blocks away from a future light rail station expected in 2039. This major infrastructure upgrade will enhance transit access, connectivity, and overall property value, making it even more desirable for quality tenants seeking urban convenience and neighborhood charm. The property offers strong value appreciation potential and stable rental income with attractive owner financing (30% down at 5% interest only).
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Additional Information
- List Date
- 2025-09-10 00:00:00
- Community
- Ballard
- Net Operating Income
- $80,036
- Gross Adjusted Income
- $113,943
- Gross Scheduled Income
- $119,940
- Total Monthly Income
- $9,895
- Insurance Expenses
- $2,256
- Water/Sewer/Garbage Expenses
- $8,748
- Gross Rent Multiplier
- 13.3
- Total Expenses
- $33,907
- Cap Rate
- 5.02
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 1423
- Potential Terms
- Assumable, Cash, Conventional
- Year Built
- 1976
- Roof
- Flat
- Other Expenses
- 8600
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $9,895
- Gross Scheduled Income
- $119,940
- Vacancy Rate
- 5
- Gross Adjusted Income
- $113,943
- Tax Year
- 2025
- Insurance Expense
- $2,256
- W/S/G Expenses
- $8,748
- Total Expenses
- $33,907
- Net Operating Income
- $80,036
- Gross Rent Multiplier
- 13.3
- Cap Rate
- 5.02
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.