2246 NW 63rd, Seattle, WA 98107
- $995,000
- 2,500
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: COMPASS.
- Sold Price
- $995,000
- List Price
- $995,000
- Status
- SOLD
- MLS#
- 2520058
- Closing Date
- Jun 05, 2026
- Days on Market
- 7
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,500
- Area Total SqFt
- 2500
- Annual Tax Ammount
- 11972
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
LOWEST PRICED TRIPLEX ON THE MARKET. The Ballard Triplex is ideally located just north of downtown Ballard, offering exceptional walkability to a wide range of neighborhood amenities. The property consists of two 2-bedroom / 1-bath units and one 1-bedroom + den / 1-bath unit. Originally built in 1917, this classic Craftsman blends historic character with thoughtful updates throughout. The main floor unit showcases hardwood floors, original built-ins, and a box beam ceiling, blending classic character with everyday functionality. The top floor unit retains much of its original charm as well, and benefits from abundant natural light throughout. The lower two bedroom unit has been updated with new flooring along with a modernized kitchen and bathroom. The property has also been improved with double pane vinyl windows, modern electrical panels, and copper plumbing. The property backs to a quiet alley and offers three off-street parking spaces plus a garage. Mature landscaping adds to the curb appeal enhancing the overall presentation. Two of the three units are currently vacant, creating a compelling opportunity for an owner-occupant or investor to reposition rents and add value.
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Additional Information
- List Date
- 2026-05-29 00:00:00
- Community
- Ballard
- Net Operating Income
- $51,516
- Gross Adjusted Income
- $70,888
- Gross Scheduled Income
- $73,080
- Total Monthly Income
- $6,090
- Insurance Expenses
- $3,400
- Water/Sewer/Garbage Expenses
- $4,000
- Gross Rent Multiplier
- 13.62
- Total Expenses
- $19,372
- Cap Rate
- 5.18
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 2246
- Potential Terms
- Cash, Conventional
- Year Built
- 1917
- Roof
- Composition
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $6,090
- Gross Scheduled Income
- $73,080
- Vacancy Rate
- 3
- Gross Adjusted Income
- $70,888
- Tax Year
- 2026
- Insurance Expense
- $3,400
- W/S/G Expenses
- $4,000
- Total Expenses
- $19,372
- Net Operating Income
- $51,516
- Gross Rent Multiplier
- 13.62
- Cap Rate
- 5.18
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.