Investor Alert! Turnkey opportunity with immediate cash flow and future developmentpotential. This fully occupied Duplex (Studio + 1Bed 1Bath) + ADU (2 Bed 1 Bath) property generates stable rental income from day one, with all units leased. Situated on II U/125-zoned land, the property offers investors the opportunity to collect income while evaluating redevelopment possibilities and maximizing the site's future value. The property underwent extensive updates in 2016 including major interior improvements and appliance replacements. Interior has been exceptionally well-maintained w/ responsible tenants. A rare opportunity to acquire a well-maintained, income-producing property today while securing future development potential for tomorrow.
Active
Listed by: AgencyOne • Joseph Lau
$850,000
1409 NW 54th Street, Seattle, WA 98107
6beds
3,600sqft
Single Family Residence
Built in 1910
5,000 Square Feet Lot
$823,800 Zestimate®
$236/sqft
$-- HOA
What's special
- 73 days |
- 800 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Joseph Lau,
AgencyOne,
Friska Siao Ping Lim,
AgencyOne
Source: NWMLS as distributed by MLS GRID,MLS#: 2536370
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 3/4 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 1
Bedroom
- Level: Main
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom three quarter
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Kitchen with eating space
- Level: Main
Kitchen with eating space
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Living room
- Level: Main
Other
- Level: Main
Heating
- Forced Air, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Washer(s), Water Heater Location: Kitchen
Features
- Flooring: Vinyl, Vinyl Plank
- Windows: Dbl Pane/Storm Window
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 2,500
- Total interior livable area: 3,600 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Dbl Pane/Storm Window
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,000 Square Feet
- Dimensions: 50 x 100
- Features: Adjacent to Public Land, Curbs, Paved, Sidewalk, Value In Land, Fenced-Fully, Gas Available, High Speed Internet
- Topography: Level
Details
- Additional structures: ADU Beds: 1, ADU Baths: 1
- Parcel number: 2768300450
- Zoning: II U125
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Fair
- Year built: 1910
- Major remodel year: 1910
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: Seattle Utilities
- Water: Public, Company: Seattle Utilities
Community & HOA
Community
- Subdivision: Ballard
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $236/sqft
- Tax assessed value: $997,000
- Annual tax amount: $8,792
- Date on market: 6/6/2026
- Cumulative days on market: 74 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Total actual rent: 4750
Estimated market value
$823,800
$783,000 - $865,000
$4,217/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/7/2026 | Listed for sale | $850,000+44.1%$236/sqft |
Source:  NWMLS as distributed by MLS GRID #2536370 Report a problem | ||
| 5/26/2026 | Listing removed | $1,190 |
Source: Zillow Rentals Report a problem | ||
| 4/10/2026 | Price change | $1,190-4.8% |
Source: Zillow Rentals Report a problem | ||
| 8/20/2025 | Listed for rent | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 1/30/2025 | Listing removed | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 1/16/2025 | Listed for rent | $1,250+5% |
Source: Zillow Rentals Report a problem | ||
| 1/27/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/3/2024 | Listed for rent | $1,190-2.5% |
Source: Zillow Rentals Report a problem | ||
| 9/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/7/2023 | Listed for rent | $1,220-4.7% |
Source: Zillow Rentals Report a problem | ||
| 8/19/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/8/2021 | Listed for rent | $1,280+7.6% |
Source: Zillow Rental Network Premium Report a problem | ||
| 7/20/2018 | Listing removed | $1,190 |
Source: TAG Property Management Report a problem | ||
| 7/5/2018 | Listed for rent | $1,190+3.5% |
Source: TAG Property Management Report a problem | ||
| 2/14/2017 | Listing removed | $1,150 |
Source: TAG Property Management Report a problem | ||
| 2/3/2017 | Listed for rent | $1,150 |
Source: TAG Property Management Report a problem | ||
| 7/26/2016 | Sold | $590,000$164/sqft |
Source: NWMLS as distributed by MLS GRID #946418 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,607 +20.6% | $997,000 +13.2% |
| 2024 | $8,792 +9.2% | $881,000 +8.9% |
| 2023 | $8,055 +16.9% | $809,000 +5.9% |
| 2022 | $6,891 -2.4% | $764,000 +5.2% |
| 2021 | $7,060 +33.7% | $726,000 +44.9% |
| 2020 | $5,282 -4.2% | $501,000 -6.4% |
| 2019 | $5,513 +11.2% | $535,000 +0.2% |
| 2018 | $4,956 -2.7% | $534,000 +11% |
| 2017 | $5,093 +53.3% | $481,000 +14.3% |
| 2016 | $3,322 | $421,000 +12% |
| 2015 | $3,322 | $376,000 +17.9% |
| 2014 | $3,322 | $319,000 +8.1% |
| 2013 | $3,322 | $295,000 |
| 2012 | -- | $295,000 -2% |
| 2011 | -- | $301,000 +16.7% |
| 2010 | -- | $258,000 |
| 2009 | -- | $258,000 -1.9% |
| 2007 | -- | $263,000 +5.6% |
| 2006 | -- | $249,000 |
| 2005 | -- | $249,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: West Woodland
Nearby schools
GreatSchools rating
- 9/10West Woodland Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Hamilton International Middle SchoolGrades: 6-8Distance: 1.8 mi
- 9/10Ballard High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: West Woodland
- Middle: Hamilton Mid
- High: Ballard High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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