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2246 NW 63rd St
Seattle, WA 98107
Ballard Triplex · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Attractive Unit Mix: Two 2-bedroom units and one 1-bedroom + den unit appeal to a broad tenant base
- On-site shared laundry facilities provide a convenient tenant amenity while creating additional ancillary income potential
- Limited new multifamily inventory supports long-term rent growth and occupancy stability
- Both 2-bedroom units are currently vacant offering potential to owner occupy or immediate upside in income through renovations and market rents
- Three dedicated parking spaces plus a secured garage enhance tenant demand and potential income
- Immediate access to grocery stores, restaurants, nightlife, retail, and daily conveniences
Executive Summary
LOWEST PRICED TRIPLEX ON THE MARKET. The Ballard Triplex is ideally located just north of downtown Ballard, offering exceptional walkability to a wide range of neighborhood amenities. The property consists of two 2-bedroom / 1-bath units and one 1-bedroom + den / 1-bath unit. Originally built in 1917, this classic Craftsman blends historic character with thoughtful updates throughout. The main floor unit showcases hardwood floors, original built-ins, and a box beam ceiling, blending classic character with everyday functionality. The top floor unit retains much of its original charm as well, and benefits from abundant natural light throughout. The lower two-bedroom unit has been updated with new flooring along with a modernized kitchen and bathroom. The property has also been improved with double pane vinyl windows, modern electrical panels, and copper plumbing. The property backs to a quiet alley and offers three off-street parking spaces plus a garage. Mature landscaping adds to the curb appeal enhancing the overall presentation. Two of the three units are currently vacant, creating a compelling opportunity for an owner-occupant or investor to reposition rents and add value.
Property Facts Under Contract
| Price Per Unit | $461,106 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,500 SF |
| Cap Rate | 5.18% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1917 |
| Property Type | Multifamily | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LR1 (M) | ||
| Price Per Unit | $461,106 CAD |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.11 AC |
| Building Size | 2,500 SF |
| No. Stories | 2 |
| Year Built | 1917 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | LR1 (M) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,224 CAD | 740 |
| 2+1 | 1 | $3,052 CAD | 880 |
Property Taxes
| Parcel Number | 276760-1415 | Improvements Assessment | $1,375 CAD |
| Land Assessment | $1,400,157 CAD | Total Assessment | $1,401,533 CAD |
Property Taxes
Parcel Number
276760-1415
Land Assessment
$1,400,157 CAD
Improvements Assessment
$1,375 CAD
Total Assessment
$1,401,533 CAD
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