$2,250,000
1544 53rd Street
Seattle, WA 98107
Beds
—
Baths
—
Sq Ft
—
Lot
0.11 ac
Year built
1982
Type
Residential Income
Days listed
3
MLS #
2581844
About this home
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.
Exterior features
Property details
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Vinyl Plank
- View
- City
- Lot
- Paved, Sidewalk
- Sewer
- Sewer Connected
Costs
- Annual taxes
- $21,782 (2026)
Estimate your monthly payment
$13,192/mo
- Principal & interest
- $11,377
- Property taxes
- $1,815
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Seattle, WA 98107
Approximate location. Contact us to confirm the exact address.
Listing courtesy of Lee & Associates Commercial RE— Dea Sumantri.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.