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7329 15th Avenue NW, Seattle, WA, 98117

9beds
7baths
4,660sqft
$1,400,000
$300price/sqft
$8,491/moest. monthly cost
$339,640/yrincome needed

About This Home

The Ballard Seven is a 7-unit apartment complex located just blocks from Ballard High School. The property unit mix consists of (1) Studio, (3) 1 bedroom/1bath and (3) 2 bedroom/1bath apartments. One 2 bedroom apartment is 1,100 sf and features a large rooftop terrace. The apartment interiors have been diligently maintained by the current ownership, which includes recent plumbing and electrical upgrades. This offering presents an investor with a cash-flow positive investment on day 1 with a simple value add path to an above market cash on cash return. The property has historically low vacancy and the current rents are within 10% of market rates which offers an attractive risk profile for an investor.

Getting Around

90
WalkingVery Walkable
49
TransitSome Transit
76
BikeVery Bikeable

Schools

8/10
Salmon Bay SchoolGrades K-80.4 mi
10/10
Ballard High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1912

Materials

  • Roof: Composition
  • Construction materials: Brick,Wood Siding

Notable Dates

  • Major remodel year: 1976

Type & Style

  • Home type: MultiFamily
  • Architectural style: 5-9 Units
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 7

Features

  • Flooring: Laminate,Vinyl Plank,Carpet

Heating & Cooling

  • Heating features: Radiator,Wall Furnace,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 4,660
  • Total interior livable area: 4,660 sqft

Property

Details

  • Parcel number: 7518500770
  • Zoning description: Multi-Family,Jurisdiction: City
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 4,403 sqft
  • Features: Curbs,Paved,Deck,Fenced-Partially

Parking

  • Total spaces: 2
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,079$84,948
Home Insurance *$208$2,496
Property Taxes $886$10,632
Electricity $318$3,824
Total$8,491$101,892
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$291,120/yr
40% on housing$254,730/yr
45% on housing$226,426/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$300This listing

vs Other Active Listings

Avg $/sqft

ZIP 98117$405
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98117$555
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-17Listed for sale$1,475,000

For Sale by Agent

AgentRiver Voorhees
BrokerageWestlake Associates, Inc.

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