6746 24th Avenue NW, Seattle, WA 98117

$1,625,000

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Listing courtesy of Lake & Company.

List Price
$1,625,000
Status
ACTIVE
MLS#
2538372
Days on Market
41
Style
54 - 4-Plex
Annual Tax Ammount
12146
Lot Size (sq ft)
5,100
Sewer
Sewer Connected

Property Description

Beautifully maintained four-unit building in an exceptional Ballard location. Just blocks from Ballard's vibrant shops, acclaimed restaurants, music venues, movie theater, and the popular Sunday Farmers Market, with easy access to everything this sought-after neighborhood has to offer. Thoughtfully updated with contemporary finishes and low-maintenance systems (effective year built: 1988), including double-pane windows throughout. The 1800sf west-facing unit features two bedrooms, two baths, huge bonus room/at home office/3rd non-conforming bedroom, all with an abundance of natural light. Three additional one-bedroom, one-bath residences offer generous living spaces and the convenience of in-unit laundry. Attractive interior finishes include hardwood floors, quartz countertops, shaker-style cabinetry, and updated plumbing and lighting fixtures. The property also features off-street parking, beautifully landscaped outdoor spaces ideal for entertaining, and substantial lower-level tenant storage and mechanical rooms. Strong rental history and excellent tenant retention provide stable income, while future value-add potential exists with seller-provided architectural plans for a possible fifth unit (buyer to verify feasibility). Excellent investment opportunity in one of Seattle's most desirable neighborhoods. Virtual staging.

Additional Information

List Date
2026-06-15 22:58:16
Community
Ballard
Net Operating Income
$87,858
Gross Adjusted Income
$109,237
Gross Scheduled Income
$110,340
Total Monthly Income
$9,195
Insurance Expenses
$3,327
Water/Sewer/Garbage Expenses
$5,327
Gross Rent Multiplier
14.73
Total Expenses
$21,379
Cap Rate
5.4
Vacancy Rate
1
Total Number of Units
4
Unit Name
6746
Potential Terms
Cash, Conventional
Year Built
1959
Roof
Torch Down
Electric Expenses
404
Other Expenses
175
Energy Source
Electric
School District
Seattle
Total Monthly Income
$9,195
Gross Scheduled Income
$110,340
Vacancy Rate
1
Gross Adjusted Income
$109,237
Tax Year
2025
Insurance Expense
$3,327
W/S/G Expenses
$5,327
Total Expenses
$21,379
Net Operating Income
$87,858
Gross Rent Multiplier
14.73
Cap Rate
5.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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