827 NW 62nd Street, Seattle, WA 98107
- $1,375,000
- 3,220
- SqFt
Listing courtesy of Coldwell Banker Bain.
- List Price
- $1,375,000
- Status
- ACTIVE
- MLS#
- 2570127
- Days on Market
- 0
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 3,220
- Area Total SqFt
- 3220
- Annual Tax Ammount
- 13494
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Prime Ballard Investment Opportunity! This spacious triplex offers exceptional flexibility for investors or owner-occupants seeking rental income in one of Seattle's most desirable neighborhoods. Each residence offers character, functionality, and a thoughtful floor plan, with cozy fireplaces adding warmth and charm to two units. The updated upper front unit (827) features two bedrooms and one bathroom and includes a garage. The upper back unit (829) offers a spacious three-bedroom, two-bathroom layout with a cozy fireplace, deck/balcony, and also includes a garage. The lower-level back unit (829B) features two bedrooms, one bathroom, a wood-burning fireplace in the living room, and a dedicated den/home office—ideal for working from home or additional flex space. Newer water heaters for all three units are conveniently located in the shared laundry room with newer washing machine. A lovely backyard provides additional outdoor space for residents to relax and enjoy. With two units currently vacant and available for showings, this property presents an excellent opportunity to occupy one unit, maximize rental income, or add a strong asset to your investment portfolio. Long or Short term rentals. Please do not disturb the tenant in the upper back unit (#829). An exceptional opportunity to own a multi-unit property in the heart of Ballard. Buyer to verify all information to their satisfaction.
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Additional Information
- List Date
- 2026-08-18 00:43:11
- Community
- Ballard
- Net Operating Income
- $55,358
- Gross Adjusted Income
- $83,619
- Gross Scheduled Income
- $88,020
- Total Monthly Income
- $7,335
- Insurance Expenses
- $5,659
- Water/Sewer/Garbage Expenses
- $4,167
- Gross Rent Multiplier
- 15.6
- Total Expenses
- $28,261
- Cap Rate
- 4
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 827
- Potential Terms
- Cash, Conventional
- Year Built
- 1972
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 4941
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,335
- Gross Scheduled Income
- $88,020
- Vacancy Rate
- 5
- Gross Adjusted Income
- $83,619
- Tax Year
- 2025
- Insurance Expense
- $5,659
- W/S/G Expenses
- $4,167
- Total Expenses
- $28,261
- Net Operating Income
- $55,358
- Gross Rent Multiplier
- 15.6
- Cap Rate
- 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.