Property Details
6301 22nd Avenue NW
Seattle, WA 98107
$1,599,950
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Ballard
Listed
Jan 23, 2026
Original Price
$1,699,950
Financial Summary
Cap Rate
5.00%
Net Operating Income
$84,028
Gross Scheduled Income
$102,528
Gross Rent Multiplier
16.00
Total Expenses
$18,500
Building & Use
Building Sq Ft
3,030
Leasable Area
3,030 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,001 sqft
Year Built
1967
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1967
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Sidewalk
Exterior Features
Brick, Wood
Location
City
Seattle
County
King
Coordinates
47.67479, -122.38498
Additional Information
Tax Year
2025
Annual Taxes
$12,500
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
