Property Details
2246 NW 63rd
Seattle, WA 98107
$995,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Ballard
Listed
May 7, 2026
Financial Summary
Cap Rate
5.18%
Net Operating Income
$51,516
Gross Scheduled Income
$73,080
Gross Rent Multiplier
13.62
Total Expenses
$19,372
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
2,500
Leasable Area
2,500 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,001 sqft
Year Built
1917
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1917
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood Products
Location
City
Seattle
County
King
Coordinates
47.67479, -122.38680
Additional Information
Tax Year
2026
Annual Taxes
$11,972
Possession
Array
Based on information submitted to the MLS GRID as of May 8, 2026 3:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
