Fully Occupied Triplex with Development
For Sale
Contact for pricing
Pending
1409 NW 54th St, Seattle, WA 98107
Triplex currently fully rented on a lot zoned IG2-U65, allowing industrial unlimited with use and height limits.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market139
Property Features for 1409 NW 54th St
General Information
Standard status
Pending
Lot size
0.11 Acres
Property subtype
Office, Industrial
Zoning
IG2-U65
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Tenancy
Multi
Listing Agency:
Windermere Real Estate
(425) 643-5500
Listed By:
Debbie Lin · License #WA
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 26 at 6:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Real Estate
Investment Insights
Based on property information with market context.
This property is currently operated as a triplex and is fully occupied. The seller requests that prospective buyers do not disturb tenants. No sign is posted per seller’s request.
The site consists of a 5,000 square foot lot zoned IG2-U65 in the core of Ballard. Industrial Unlimited uses are permitted, and the remarks indicate additional use categories including lodging, entertainment, office, and retail, subject to certain limitations.
Height restrictions are described as no maximum height limit except for specific use categories, with lodging and entertainment limited to 10,000 square feet, and office and retail limited to 25,000 square feet. The remarks also note height limitations for limited categories, including 30’, 45’, 65’, and 85’ for certain uses, as stated in the source information.
The site consists of a 5,000 square foot lot zoned IG2-U65 in the core of Ballard. Industrial Unlimited uses are permitted, and the remarks indicate additional use categories including lodging, entertainment, office, and retail, subject to certain limitations.
Height restrictions are described as no maximum height limit except for specific use categories, with lodging and entertainment limited to 10,000 square feet, and office and retail limited to 25,000 square feet. The remarks also note height limitations for limited categories, including 30’, 45’, 65’, and 85’ for certain uses, as stated in the source information.
Key Highlights
- 5000 SF lot zoned IG2‑U65 in the core of Ballard, supporting Industrial Unlimited uses with certain limits
- IG2‑U65 zoning allows lodging, entertainment, office, and retail uses in addition to industrial
- Height limits vary by use, with retail/office/entertainment/R&D/institution capped at specified maximums (no max height limit except these use types)
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 98107, WA
28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex currently fully rented on a lot zoned IG2-U65, allowing industrial unlimited with use and height limits.
Where is this triplex located?
The property is located at 1409 NW 54th St Seattle, WA.
What are key features of this property?
This property features: 5000 SF lot zoned IG2‑U65 in the core of Ballard, supporting Industrial Unlimited uses with certain limits; IG2‑U65 zoning allows lodging, entertainment, office, and retail uses in addition to industrial; Height limits vary by use, with retail/office/entertainment/R&D/institution capped at specified maximums (no max height limit except these use types)
