Listing provided courtesy of Kidder MathewsNWMLSas Distributed by MLSGrid- MLS# NWM2504524
Images
Request Info2223 NW 59th StreetSeattle, WA 98107
Multi-Family · 3 Beds · 9,408 Sq. ft. | 0.23 Acres$3,495,000
Active
2223 NW 59th Street Overview
- Visits:
- 0
Twin Courts presents a rare multifamily investment in the heart of Ballard, offering two contiguous parcels that create unique long-term exit strategies. The property has undergone substantial capital improvements, including updated electrical panels throughout and one roof being replaced in 2020 and the other in 2016. With 5 of 14 units already renovated, investors can continue the proven value-add program to unlock up to 28% rental growth potential. Efficient, well-designed floorplans drive strong tenant demand, while its highly walkable location ensures long-term desirability. With strong in-place rents, upside through remaining renovations, and flexible ownership options, Twin Courts stands out as a compelling Ballard opportunity.
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
2223 NW 59th Street Facts & Features
- Type Multi-Family
- Sq. ft. 9,408
- Price/Sq.ft. $371
- Lot 0.23 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Seattle
Income/Expenses
- Other Expense: 44413
- Electric Expense: 7197
- Fuel Expense: 7197
- Gross Scheduled Income: 278052
- Insurance Expense: 11678
- Net Operating Income: 181428
- Total Expenses: 108973
- Total Monthly Income: 23352
- Water/Sewer/Garbage: 7197
Building Information
- New Construction: No
- Year Built: 1964
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 705 - Ballard/Greenlake
- Subdivision Name: Ballard
Community/Development
- Amenities: Coin Op Laundry
Tax Information
- Tax Annual Amount: $31,291.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 2767604120
- Possible Use: Multi-Family
- Property Condition: Very Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Possible: 18
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 9408
- Building Area Units: Square Feet
- Calculated Square Footage: 9408
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 9408
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 12
- Parking Uncovered Total: 6
Lot Information
- Irrigation Water Rights: No
- Lot Features: Curbs, Paved, Sidewalk
- Lot Size Acres: 0.2296
- Lot Size Dimensions: 10000
- Lot Size Square Feet: 10000
- Lot Size Units: Square Feet
- Elevation Units: Feet
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Flat
- Structure Type: Multi Family
General Information
- Carport Spaces: 6
- Carport: No
- Covered Spaces: 6
- Exterior Features: Stone, Stucco
- Number Of Units Total: 2
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1605
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1825
- Beds Total: 2
- Baths Total: 1
2223 NW 59th Street Neighborhood
Community
98107 (Seattle) Demographics
34
Median Age
11,325
Population Density (per sq. mile)
80%
College Educated
$102,436
Estimated Median Income
5,772
Estimated Total Home Owners
9,074
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2223 NW 59th Street Monthly Cost
2223 NW 59th Street Market Data
Based on the last 30 days in this zip code
$842,839
Average List Price
$581
Average Price per Square Foot
30
Properties Sold
47
Average Days on Market
143
Properties for Sale