7329 15th Ave NW
Seattle WA 98117
Ballard 7
7329 15th Ave NW Seattle WA 98117
Listing #: 710134 | Status: Available | Last Modified: 4/15/2026 |
For Sale
- Phone:(206) 250-9934
- Email:river@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Agent Phone:(206) 280-4247
- Agent Email:louisv@westlakeassociates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,475,000.0
- $/SF$ 364.2
- $/Unit$ 1,475,000.0
- Listing StatusAvailable
- Days on Market47
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income134,733
- Vacancy Factor %3.04%
- Operating Expenses38,829
- Net Operating Income91,809
- CAP Rate 6.50 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 6.50 %
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units7
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF4660
- Net Rentable Area4050
- Total Office SF
- Largest Contiguous SF
- Lot SF4400
- Acres0.1
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #7518500770
- Additional Parcels
- ZoningNC2-55(M)
- Year Built1912
- Year Renovated1976
- Completion Date
- Roof Type
- Construction Type
Ballard 7-Unit For Sale
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.







