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    1521 65Th St Seattle, WA 98117

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    For Sale
    $2,300,000

    Meticulously maintained apartment building in desirable Seattle neighborhood.

    Property size:
    6,224 SF

    Property Features for 1521 65Th St

    General Information

    Size
    6,224 SF

    Building Details

    Year built
    1959

    Source: PARAGON REAL ESTATE ADVISORS Agent CATHY JENEY

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

    Overview

    Ballard 9 Investment Opportunity

    This multifamily property, located in a desirable Seattle neighborhood, presents a rare investment opportunity. Known as the Ballard 9, the building has been meticulously maintained and features numerous high-quality updates completed during tenant turnovers. The property consists of spacious, light-filled units. Professional management has contributed to long-term tenant retention. The 6,224 square foot property offers a compelling value-add opportunity for investors. Cash flow can potentially be increased by raising rents to market levels and continuing the established strategy of upgrading units upon tenant turnover.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.377414
    Latitude
    47.6757815

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    FAQs

    What type of property is this?
    Apartment building - Meticulously maintained apartment building in desirable Seattle neighborhood.
    Where is this apartment building located?
    The property is located at 1521 65Th St Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Rare investment opportunity in a desirable Seattle neighborhood (Ballard).; - Potential for increased cash flow by raising rents to market levels.; - Proven strategy of upgrading units upon tenant turnover.
    Request Owner's contact information
    1521 65Th St Seattle, WA 98117
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    Seattle, WA 98117
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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
    1521 65Th St Seattle, WA 98117
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