Prepared by https://www.commercialmls.com
7329 15th Ave NW Seattle WA 98117
Listing #: 710134 | Status: Available | Last Modified: 4/15/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 134,733 |
| Vacancy Factor % | 3.04% |
| Operating Expenses | 38,829 |
| Net Operating Income | 91,809 |
| CAP Rate | 6.50 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 6.502 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 2 |
| # of Units | 7 |
| Total Building SF | 4,660 SF |
| Net Rentable Area | 4,050 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 4,400 SF |
| Acres | 0.1 |
| Year Built | 1912 |
| Year Renovated | 1976 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Market Area | Fremont/Ballard |
| Tax ID # | 7518500770 |
| Zoning | NC2-55(M) |
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.
Ballard 7
7329 15th Ave NW Seattle WA 98117
Listing #: 710134 | Status: Available | Listing Date: 3/17/2026 | Last Modified: 4/15/2026 | Email Listing







