Rare investment opportunity in one of Seattle’s most desirable neighborhoods. The Ballard 9 has been meticulously maintained, with numerous high-quality updates completed during tenant turnovers. Its spacious, light-filled units, paired with professional management, have contributed to long-term tenant retention. This property offers a compelling value-add opportunity: an investor can increase cash flow by raising rents to market levels and continuing the proven strategy of upgrading units upon turnover.
Sold
Listed by:
Cathy Jeney,
Paragon Real Estate Advisors,
Nick Hemming,
Paragon Real Estate Advisors
Bought with: COMPASS
$2,300,000
1521 NW 65th Street, Seattle, WA 98117
--beds
--baths
6,224sqft
Multi Family
Built in 1959
-- sqft lot
$2,297,300 Zestimate®
$370/sqft
$4,127 Estimated rent
Home value
$2,297,300
$2.11M - $2.48M
$4,127/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 13, 2025 at 04:03am
Listed by:
Cathy Jeney,
Paragon Real Estate Advisors,
Nick Hemming,
Paragon Real Estate Advisors
Bought with:
Sally Keadle, 25005207
COMPASS
Source: NWMLS,MLS#: 2363574
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 6,224
- Total interior livable area: 6,224 sqft
Property
Parking
- Total spaces: 9
- Parking features: Open
- Uncovered spaces: 9
Lot
- Size: 9,883 sqft
Details
- Parcel number: 2767600525
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Sewer Connected
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Ballard
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 17 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $2,300,000$370/sqft |
Source:  NWMLS #2363574 | ||
| 5/9/2025 | Pending sale | $2,300,000$370/sqft |
Source: NWMLS #2363574 | ||
| 4/28/2025 | Listing removed | $1,595 |
Source: Zillow Rentals | ||
| 4/23/2025 | Listed for sale | $2,300,000-23.2%$370/sqft |
Source: NWMLS #2363574 | ||
| 4/17/2025 | Listed for rent | $1,595+2.9% |
Source: Zillow Rentals | ||
Public tax history
Tax history is unavailable.
Neighborhood: Adams
Nearby schools
GreatSchools rating
- 8/10Salmon Bay SchoolGrades: K-8Distance: 0.2 mi
- 10/10Ballard High SchoolGrades: 9-12Distance: 0.1 mi
- 9/10Adams Elementary SchoolGrades: K-5Distance: 0.7 mi
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$2,297,300
2% more+ $45,946
With Zillow Showcase(estimated)
$2,343,246