LISTING DETAILS

Ballard 7

7329 15th Ave NW Seattle WA 98117

Listing #: 710134 | Status: Available | Last Modified: 4/15/2026

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income134,733
Vacancy Factor %3.04%
Operating Expenses38,829
Net Operating Income91,809
CAP Rate6.50 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate6.502
Building Information
Building StatusExisting
# of Buildings2
# of Floors2
# of Units7
Total Building SF4,660 SF
Net Rentable Area4,050 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF4,400 SF
Acres0.1
Year Built1912
Year Renovated1976
Property Type
Property TypeMulti-Family
Location
CountyKing
Market AreaFremont/Ballard
Tax ID #7518500770
ZoningNC2-55(M)

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.

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

For Sale

Ballard 7

Listing Images