6251 3rd Avenue NW, Seattle, WA 98107
- $997,000
- 2,350
- SqFt
Listing Broker: Berkshire Hathaway HS NW; Claudia Kuniholm; ; Selling Office: Fellow Real Estate Services.
- Sold Price
- $997,000
- List Price
- $997,000
- Status
- SOLD
- MLS#
- 2466729
- Closing Date
- Jul 06, 2026
- Days on Market
- 127
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,350
- Area Total SqFt
- 2350
- Annual Tax Ammount
- 12889
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
WOW! IMPROVED PRICE! Don’t miss this opportunity to own a Ballard triplex with strong upside potential and multiple investment strategies. Live in one unit and rent the other two, or add this property to your investment portfolio. Existing rents were below market due to family occupancy in the two now-vacant units, creating exceptional value-add potential with projected rents of approximately $2,200–$2,400 per month per unit. Each unit features 2 bedrooms, 1 bath, a spacious living room, and dedicated dining space for comfortable everyday living. The lower unit has been refreshed with new carpet in the living room and bedroom, plus new flooring in the kitchen and bathroom. Additional amenities include off-street parking, onsite storage, and coin-operated laundry with storage space available for all units in the lower level. The front upper unit is occupied by a long-term tenant. The west-side upper unit and lower unit are vacant and available for viewing. Conveniently located near Woodland Park Zoo, Green Lake, shopping, nightlife, popular restaurants, coffee shops, and easy access to Hwy 99 and downtown Seattle. Explore the potential to continue operating as a triplex or investigate redevelopment opportunities to maximize the land value. Do not disturb tenant in occupied unit. Showings by appointment only; occupied unit available for viewing once under contract.
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Additional Information
- List Date
- 2026-03-01 00:00:00
- Community
- Green Lake
- Net Operating Income
- $34,531
- Gross Adjusted Income
- $56,400
- Gross Scheduled Income
- $56,400
- Total Monthly Income
- $4,700
- Insurance Expenses
- $2,747
- Water/Sewer/Garbage Expenses
- $5,273
- Gross Rent Multiplier
- 20.39
- Total Expenses
- $21,869
- Cap Rate
- 3
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 6251
- Potential Terms
- Cash, Conventional
- Year Built
- 1963
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Gas Available, Patio
- Other Expenses
- 960
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,700
- Gross Scheduled Income
- $56,400
- Vacancy Rate
- 3
- Gross Adjusted Income
- $56,400
- Tax Year
- 2025
- Insurance Expense
- $2,747
- W/S/G Expenses
- $5,273
- Total Expenses
- $21,869
- Net Operating Income
- $34,531
- Gross Rent Multiplier
- 20.39
- Cap Rate
- 3
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.