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Provided by NWMLS, Listed by Dea Sumantri, 206-773-2696 at Lee & Associates Commercial RE

$2,250,000

1544 NW 53rd Street, Seattle WA, 98107

Price per sqftN/A
Built in1982
Property typeMulti-family

Overview

Active

Listed Sep 11, 2026

Updated 5h ago

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.

$14,969/mo

Est. mortgage payment based on a $2,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2581844

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$21,782
Tax Frequency
Annually
View
Yes
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Dea Sumantri, 206-773-2696 at Lee & Associates Commercial RE

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/15/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/15/2026 at 7:42 AM UTC . 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.

©2026 Northwest Multiple Listing Service all rights reserved.

Data last updated on 9/15/2026 at 7:42 AM UTC 

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