All homes
View 3D tour

$2,250,000

1544 53rd Street

Seattle, WA 98107

Active
City view

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

Cement/Concrete

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
Loan amount $1,800,000

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.

No spam. We'll only reach out about your search.