North Beach Ballard
For Sale
Contact for pricing
9922 Triton Dr NW, Seattle, WA 98117
Triplex with Sound and Olympic views in North Beach.
Property Size2,903 SF
Price / SF$602.81
Days on Market237
Property Features for 9922 Triton Dr NW
General Information
Standard status
Active
Size
2,903 SF
Class
B
Property subtype
Multifamily
Zoning
NR3 zoning
Building Details
Year Built
1953
Year Renovated
2023
Stories
2
Units
3
Listing Agency:
Compass
Listed By:
Danan Powell · License #WA
Source:
Crexi
Added: Feb 12
Changed: Sep 9
Last Checked: Sep 2 at 10:36AM
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 Compass
Investment Insights
Based on property information with market context.
This North Beach Ballard triplex is on the market for the first time in 32 years. The property offers 2,903 square feet with 180° views of the Sound and Olympic Mountains. It is suitable for either an owner-occupant or as an investment property with income potential.
Key Highlights
- Enjoy 180° Sound & Olympic views.
- Rare North Beach Ballard triplex.
- Strong income potential with estimated rents of $7,500–$9,500/month.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,398
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,960
$1.0M
Cap Rate 7%
$748,543
$748.5K
Cap Rate 9%
$582,200
$582.2K
Market Conditions
NOI Build-Up for 2,903 SF
Gross rent
$78.4K $27.00/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$74.9K $25.79/SF
− OpEx
−$22.5K −$7.74/SF
NOI
$52.4K $18.05/SF
Area
Seattle, WA
Vacancy
4.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,960
Cap Rate 7%
$748,543
Cap Rate 9%
$582,200
Alternative Uses
Best Use
Multifamily LT 5
$748.5K
$655.0K – $873.3K
NOI $52,398 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$699.9K
$612.5K – $816.6K
NOI $48,996 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$873.4K
$764.2K – $1.02M
NOI $61,136 @ 7.0% cap · market cap 3.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 98117, WA
35,608
Population
15,230
Households
2.3
Avg Household Size
39
Median Age
75%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
9,130
Density / Sq Mi
$182,500
Median Household Income
$95,616
Median Earnings
$2,197
Median Rent
$1,028,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with Sound and Olympic views in North Beach.
Where is this triplex located?
The property is located at 9922 Triton Dr NW Seattle, WA.
What is the asking price?
The asking price for this property is $1,749,950.
What are key features of this property?
This property features: Enjoy **180° Sound & Olympic views**.; Rare North Beach Ballard triplex.; Strong income potential with estimated rents of $7,500–$9,500/month.
