Property Details
7329 15th Avenue NW
Seattle, WA 98107
$1,475,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 25
Property Overview
The Ballard Seven is a 7-unit apartment complex located just blocks from Ballard High School. The property unit mix consists of (1) Studio, (3) 1 bedroom/1bath and (3) 2 bedroom/1bath apartments. One 2 bedroom apartment is 1,100 sf and features a large rooftop terrace. The apartment interiors have been diligently maintained by the current ownership, which includes recent plumbing and electrical upgrades. This offering presents an investor with a cash-flow positive investment on day 1 with a simple value add path to an above market cash on cash return. The property has historically low vacancy and the current rents are within 10% of market rates which offers an attractive risk profile for an investor.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Loyal Heights
Listed
Mar 17, 2026
Financial Summary
Cap Rate
6.50%
Net Operating Income
$95,904
Gross Scheduled Income
$138,900
Gross Rent Multiplier
10.62
Total Expenses
$38,829
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
4,660
Leasable Area
4,050 sqft
Total Units
7
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
4,404 sqft
Year Built
1912
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1912
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Lot Features
Curbs, Paved
Exterior Features
Brick, Wood
Location
City
Seattle
County
King
Coordinates
47.68217, -122.37714
Additional Information
Tax Year
2026
Annual Taxes
$13,467
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.
