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About this home
Prime Ballard Investment Opportunity! This spacious triplex offers exceptional flexibility for investors or owner-occupants seeking rental income in one of Seattle's most desirable neighborhoods. Each residence offers character, functionality, and a thoughtful floor plan, with cozy fireplaces adding warmth and charm to two units. The updated upper front unit (827) features two bedrooms and one bathroom and includes a garage. The upper back unit (829) offers a spacious three-bedroom, two-bathroom layout with a cozy fireplace, deck/balcony, and also includes a garage. The lower-level back unit (829B) features two bedrooms, one bathroom, a wood-burning fireplace in the living room, and a dedicated den/home office—ideal for working from home or additional flex space. Newer water heaters for all three units are conveniently located in the shared laundry room with newer washing machine. A lovely backyard provides additional outdoor space for residents to relax and enjoy. With two units currently vacant and available for showings, this property presents an excellent opportunity to occupy one unit, maximize rental income, or add a strong asset to your investment portfolio. Long or Short term rentals. Please do not disturb the tenant in the upper back unit (#829). An exceptional opportunity to own a multi-unit property in the heart of Ballard. Buyer to verify all information to their satisfaction.
West Woodland, located between Phinney Ridge and Ballard, is a residential and light-industrial Seattle neighborhood with a gridded street plan and a working-waterfront edge nearby. The neighborhood’s character concentrates around NW 65th St and 8th Ave NW, where small cafes, corner markets, and maker-style storefronts meet steady foot and bike traffic. Pillars include the Ballard Farmers Market, the National Nordic Museum, and the Sunset Tavern for live music nights. Early-20th-century bungalows and Craftsman homes mix with brick warehouses and newer townhomes along the arterials. Woodland Park’s trails and the zoo set a green backdrop, while Burke-Gilman Trail commutes thread the north edge. A calm, practical feel comes from everyday errands on 65th and the industrial hum closer to Leary Way.
Provided by Walk Score and Local Logic
Offer insights
827 NW 62nd St · $1,375,000
$1.38M and above
75% chance or better to win
Why $1.38M+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 61 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Thermal windows
Storage
Bedrooms
Three units: two 2-bedroom units and one 3-bedroom unit
Bathrooms
Three units with a total of 4 bathrooms (one unit with 2 baths, two units with 1 bath each)
Kitchen
Each unit equipped with range/oven, refrigerator, and dishwasher
Laundry & utility
Washer/dryer provisions not specified
Flooring
Vinyl, vinyl plank, and carpet
Heating & cooling
Baseboard heating
Wall furnace
No central cooling
Exterior features
Partial fencing
Deck
Patio
High-speed internet available
Curbs, paved surfaces, and sidewalk
Home design
Triplex (residential income, multi-family)
Two stories
Good condition
Parking
Two covered garage spaces (detached/attached not specified)
Two garage spaces totaling 640 square feet
Three uncovered parking spaces
Security
Partially fenced property
Construction
Brick, stone, and wood exterior
Composition roof
Poured concrete and slab foundations
Built style consistent with tri-plex
Utilities
Electric service
Public water (City of Seattle)
Sewer connected (City of Seattle)
Power supplied by City Light
HOA & community
No HOA information provided
Financial info
Property operates as income-producing multi-family
Three total units
Gross scheduled income: $88,020
Gross adjusted income: $83,619
Total monthly income: $7,335
Net operating income: $55,358
Total expenses: $28,261
Electric expense: $4,941
Insurance expense: $5,659
Gross rent multiplier: 15.6
Vacancy rate: 5%
Listing terms: Cash or Conventional
Other
Calculated building area: 3,220 square feet
Lot size about 0.1377 acres
Possible use: Multi-family
Zoning: City
Electricity and solar
View estimated energy costs and solar savings for this home