Rare and versatile opportunity in the highly desirable Ballard / West Woodland neighborhood. This well-located triplex at 4903 3rd Ave NW offers a unique combination of immediate rental income and future flexibility. The property currently operates as a triplex but presents a rare and relatively straightforward opportunity to convert the structure back into a spacious single-family residence if desired. The building’s layout and single-structure configuration make it well suited for a buyer looking to reimagine the property as a large custom home, while still maintaining the option to generate rental income in the meantime. For investors, the existing units provide steady income potential in one of Seattle’s strongest rental markets. For owner-occupants or builders, the property offers the chance to create a substantial single-family home in a premier neighborhood without starting from the ground up. Ideally located just minutes from Ballard, Fremont, Green Lake, and Woodland Park, with easy access to shops, restaurants, parks, and major commuter routes. Opportunities like thiscombining location, income potential, and future conversion flexibilityare increasingly rare in this sought-after Seattle neighborhood. A truly flexible property with long-term upside for investors, developers, or homeowners looking to create their dream residence.
| MLS # | 2518454 |
|---|---|
| Listing Type | For Sale |
| Building Name | DENNY'S ADDITION TO BALLARD AND SEATTLE |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 136 |
| Listing Provided By | Synergy Mrgrs & Acq. LLC | Francis Roman |
| SQ Feet | 2,280 |
|---|---|
| Garage | 2 |
| Story(s) | 1 |
| Units | 3 |
| Acreage | 0.07 |
| Property View | Yes |
| Property | 9339 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98107 |
| Area | 705 Ballard | Greenlake |
| Community Name | Woodland Park |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Woodland Park) | |
Price: $945,000 low | high Med: $912,000 sqft: 2,280 low | high Med: 2,520 $ / sqft: $414 low | high Med: $362 On site: 136 low | high Med: 83.5 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98107 |
| Area | 705 Ballard | Greenlake |
| Community Name | Woodland Park |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Woodland Park) | |
Price: $945,000 low | high Med: $912,000 sqft: 2,280 low | high Med: 2,520 $ / sqft: $414 low | high Med: $362 On site: 136 low | high Med: 83.5 | |
![]() | $1,095,000647 Nw 51st StreetSeattle, WA 98107 |