6301 22nd Avenue NW, Seattle, WA 98107
- $1,599,950
- 3,030
- SqFt
Listing courtesy of Windermere Real Estate Co..
- List Price
- $1,599,950
- Status
- ACTIVE
- MLS#
- 2470080
- Price Change
- ▼ $100,000 1776141784
- Days on Market
- 184
- Style
- 53 - Tri-plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 3,030
- Area Total SqFt
- 3030
- Annual Tax Ammount
- 12500
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
- Bank Owned
- Yes
Property Description
This Ballard triplex is a standout investment that blends turnkey performance with exceptional upside. The property features three beautifully remodeled 2bed, 1bath units with modern finishes, smart layouts, and strong tenant appeal in one of Seattle's most vibrant neighborhoods, delivering immediate, reliable income with little to no additional work required. What truly sets this property apart is the fully remodeled fourth unit, a 3bed, 1bath that needs permits to be legalized. Once completed, this unit can generate an estimated additional 28,800 dollars per year, creating a rare and tangible value-add opportunity with much of the heavy lifting already done. This property delivers strong income today with clear, immediate upside.
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Additional Information
- List Date
- 2026-01-23 23:43:10
- Community
- Ballard
- Net Operating Income
- $84,028
- Gross Adjusted Income
- $102,528
- Gross Scheduled Income
- $102,528
- Total Monthly Income
- $8,544
- Insurance Expenses
- $6,000
- Gross Rent Multiplier
- 16
- Total Expenses
- $18,500
- Cap Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 6301
- Potential Terms
- Cash, Conventional
- Year Built
- 1967
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $8,544
- Gross Scheduled Income
- $102,528
- Gross Adjusted Income
- $102,528
- Tax Year
- 2025
- Insurance Expense
- $6,000
- Total Expenses
- $18,500
- Net Operating Income
- $84,028
- Gross Rent Multiplier
- 16
- Cap Rate
- 5
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.