Investor Alert! Turnkey opportunity with immediate cash flow and future development potential. This fully occupied Duplex (600 sf Studio + 800 sf 1Bed 1Bath) + 1100 sf ADU (2 Bed 1 Bath) property generates stable rental income from day one, with all units leased. Zoned II U/125, the property offers investors the opportunity to collect income while evaluating redevelopment possibilities and maximizing the site's future value.
Active
Listed by: AgencyOne • Joseph Lau
$765,000
1409 NW 54th Street, Seattle, WA 98107
5beds
3,600sqft
Single Family Residence
Built in 1910
5,000 Square Feet Lot
$747,700 Zestimate®
$213/sqft
$-- HOA
What's special
- --
- on Zillow
- 219
- views
- 11
- saves
Zillow last checked:
Listing updated:
Listed by:
Joseph Lau,
AgencyOne,
Friska Siao Ping Lim,
AgencyOne
Source: NWMLS as distributed by MLS GRID,MLS#: 2593416
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 3/4 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- 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
- Entry location: Main
- 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
- 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: $213/sqft
- Tax assessed value: $997,000
- Annual tax amount: $9,878
- Date on market: 10/11/2026
- 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
$747,700
$710,000 - $785,000
$2,159/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/11/2026 | Listed for sale | $765,000+29.7%$213/sqft |
Source:  NWMLS as distributed by MLS GRID #2593416 Report a problem | ||
| 5/26/2026 | Listing removed | $1,190 |
Source: Zillow Rentals Report a problem | ||
| 4/10/2026 | Listed for rent | $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
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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