7329 15TH Seattle, WA 98107
Well-maintained seven-unit apartment complex with studio, one-bedroom, and two-bedroom apartments.
- Added:
- Feb 12, 2026
- Days on Market:
- 149
- Last Refresh:
- Jul 11 at 2:17 am
Property Features for 7329 15TH
General Information
- Standard status
- Active
- Size
- 4,660 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1912
Listing office Westlake Associates,Inc.
Listing date Feb 12, 2026
Source Century21northhomes
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 Westlake Associates,Inc.
Investment Insights
Based on property information with market context.
The property is located just blocks from Ballard High School. The offering includes a straightforward tenant-in-place configuration across the seven units.
Current improvements include recent plumbing and electrical work, supporting continued upkeep of the building’s residential units.
Key Highlights
- 7‑unit apartment complex built in 1912, with studio, 1‑bedroom/1‑bath, and 2‑bedroom/1‑bath apartments
- Unit mix: 1 studio, 3 one‑bedroom/1‑bath, and 3 two‑bedroom/1‑bath units
- One 2‑bedroom unit includes 1,100 SF and features a large rooftop terrace
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.2k | $31.80 |
| − Vacancy | −$5.2k | −$1.11 |
| EGI | $143.0k | $30.69 |
| − OpEx | −$64.4k | −$13.81 |
| NOI | $78.7k | $16.88 |
