1433 NW 64th Street, Seattle, WA 98107
- $10,800,000
- 44,957
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $10,800,000
- List Price
- $10,500,000
- Status
- SOLD
- MLS#
- 2487778
- Closing Date
- Jul 07, 2026
- Days on Market
- 22
- Style
- 56 - 10+ Units
- Finished SqFt
- 44,957
- Area Total SqFt
- 44957
- Annual Tax Ammount
- 109284
- Lot Size (sq ft)
- 15,000
- Sewer
- Sewer Connected
Property Description
The Ballard 32 Apartments is a rare opportunity to acquire a well-maintained, value-add multifamily asset in the heart of Ballard. Built in 1986, this sought-after vintage benefits from more modern systems and construction standards while meeting strong tenant demand for updated housing in one of Seattle’s most desirable neighborhoods. Uniquely positioned as a turnkey investment with attractive in-place cash flow, the property offers immediate stability combined with real value-add potential through maximizing NOI via modest rent increases to market. All 32 units feature generous layouts with large kitchens, dining nooks, expansive living rooms and bedrooms, private decks, and full-size in-unit washer and dryers. 19 units fully renovated with quartz countertops, new cabinetry, stainless appliances, luxury vinyl plank flooring, and modernized bathrooms. 12 units partially upgraded with new LVP flooring, paint, and appliances. Only 1 unit remains in original condition. The building offers 32 dedicated parking spaces in a secure underground garage. A hydraulic elevator provides convenient access from the garage to all 4 residential floors. Systems and construction features include copper plumbing lines, double-pane vinyl windows, electric heat, and wood frame construction with marble crete siding.
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Additional Information
- List Date
- 2026-06-15 00:00:00
- Community
- Ballard
- Net Operating Income
- $574,226
- Gross Adjusted Income
- $885,381
- Gross Scheduled Income
- $931,980
- Total Monthly Income
- $77,665
- Insurance Expenses
- $26,000
- Water/Sewer/Garbage Expenses
- $53,316
- Gross Rent Multiplier
- 11.27
- Total Expenses
- $311,155
- Cap Rate
- 5.47
- Vacancy Rate
- 5
- Total Number of Units
- 32
- Unit Name
- 1433
- Potential Terms
- Cash, Conventional
- Year Built
- 1986
- Roof
- Flat
- Site Features
- Deck, Fenced-Partially, Gated Entry
- Other Expenses
- 122555
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $77,665
- Gross Scheduled Income
- $931,980
- Vacancy Rate
- 5
- Gross Adjusted Income
- $885,381
- Tax Year
- 2026
- Insurance Expense
- $26,000
- W/S/G Expenses
- $53,316
- Total Expenses
- $311,155
- Net Operating Income
- $574,226
- Gross Rent Multiplier
- 11.27
- Cap Rate
- 5.47
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.