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    6743 15Th Ave NW Seattle, WA 98117

    For Sale
    $998,000

    Located in the heart of Ballard, generating strong cash flow.

    Property size:
    2,350 SF

    Property Features for 6743 15Th Ave NW

    General Information

    Standard status
    Active
    Size
    2,350 SF

    Building Details

    Year built
    2021

    Source: SEA TO SKY REALTY Agent LIN SHEN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ballard Multifamily Property For Sale

    Located in the heart of Ballard, one of Seattle’s most sought-after neighborhoods, this multifamily property is surrounded by a vibrant community, popular restaurants, bars, and shopping destinations. The area attracts young professionals and families due to its proximity to downtown Seattle, top-rated schools, and convenient access to transit. The existing two-story building features three one-bedroom units and one two-bedroom unit. All units are currently leased and generating strong cash flow. The property also includes a private backyard and garage. Positioned along a bustling street with a wide range of nearby amenities, the average rental rates in the surrounding area are approximately 30% higher than the current rents. The property size is 2350 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3770115
    Latitude
    47.6789975

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    FAQs

    What type of property is this?
    Apartment building - Located in the heart of Ballard, generating strong cash flow.
    Where is this apartment building located?
    The property is located at 6743 15Th Ave NW Seattle, WA.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Ballard, a highly desirable Seattle neighborhood.; - Strong cash flow from four existing rental units (three 1-bedroom, one 2-bedroom).; - New construction: Built in 2021.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6743 15Th Ave NW Seattle, WA 98117
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