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
River Voorhees
Louis Voorhees
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,475,000.0
  • $/SF$ 364.2
  • $/Unit$ 1,475,000.0
  • Listing StatusAvailable
  • Days on Market47
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income134,733
  • Vacancy Factor %3.04%
  • Operating Expenses38,829
  • Net Operating Income91,809
  • CAP Rate 6.50 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 6.50 %
Building Information
  • 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 Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaFremont/Ballard
  • Tax ID #7518500770
  • Additional Parcels
  • ZoningNC2-55(M)
Construction
  • Year Built1912
  • Year Renovated1976
  • Completion Date
  • Roof Type
  • Construction Type

Ballard 7-Unit For Sale

Public Comments

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.

Listing Images