Log In/Sign Up
Your email has been sent.
Ballard 7 7329 15th Ave NW 7 Unit Apartment Building $1,961,484 CAD ($280,212 CAD/Unit) 6.85% Cap Rate Seattle, WA 98117
Investment Highlights
- Value-Add Opportunity
- Highly Desirable Ballard Location
- Recent Plumbing and Electrical Upgrades
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,961,484 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $280,212 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.85% | Building Size | 4,660 SF |
| Gross Rent Multiplier | 10.08 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1912/1976 |
| Property Type | Multifamily | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | NC2-55 (M) | ||
| Price | $1,961,484 CAD |
| Price Per Unit | $280,212 CAD |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Gross Rent Multiplier | 10.08 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,660 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1912/1976 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | NC2-55 (M) |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Roof Terrace
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,751 CAD | 300 |
| 1+1 | 3 | $2,035 CAD | 450 |
| 2+1 | 3 | $2,916 CAD | 650 - 1,100 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 751850-0770 | Total Assessment | $2,091,783 CAD |
| Land Assessment | $1,418,713 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $673,069 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
751850-0770
Land Assessment
$1,418,713 CAD
Improvements Assessment
$673,069 CAD
Total Assessment
$2,091,783 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Ballard 7 | 7329 15th Ave NW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.