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Listed by:Lee & Associates Commercial RE • Dea Sumantri
$2,250,000
Est. payment /mo
12 Beds
6 Baths
5,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Ballard
MLS Listing ID 2581844
Style 55 - 5-9 Units
Bedrooms 12
Year Built 1982
Annual Tax Amount $21,782
Lot Size 5,000 Sqft
Property Sub-Type Multi Family
Property Description
We are pleased to present this well-maintained 6-unit apartment property in Ballard, one of Seattle's most established and desirable rental markets. Built in 1982 and offered for sale for the first time by the family of the original builder, the property combines durable construction, spacious 2-bedroom floor plans, desirable resident amenities, and identifiable renovation upside. The property is comprised entirely of 2-bedroom, 1-bath corner units featuring in-unit W/D, fireplaces, private balconies, dining areas, dishwashers, refrigerators, ranges, and wood flooring. A common area provides secure resident storage, an additional laundry set, and a 1/2 bath, with potential for conversion to an additional unit (buyer to verify). 6 parking spaces are provided, 5 of which are covered. Ownership began renovating interiors in 2021, with 3 of the 6 units remodeled to date. The remaining apartments retain classic finishes, providing a clear opportunity to continue the renovation program and capture additional rental upside. Building systems include copper plumbing and Crouse-Hinds electrical panels, and a full roof replacement was completed in August 2026. Located in the heart of Ballard, along with recent capital improvements, an all 2-bedroom unit mix, in-unit laundry, covered parking, and a straightforward value-add strategy, the property offers investors an attractive combination of current income, renovation potential, and long-term appreciation.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Cement/Concrete
View Y/N Yes
View City
Roof Type Flat
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.lee-associates.com/northwest/properties/?propertyId=1676265-sale&address=1544-NW-53rd-St&officeId=2085
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