2209 NW 59th Street, Seattle, WA 98107
- $1,800,000
- 4,286
- SqFt
Listing courtesy of North Pacific Properties.
- List Price
- $1,800,000
- Status
- ACTIVE
- MLS#
- 2554587
- Days on Market
- 12
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,286
- Area Total SqFt
- 4286
- Annual Tax Ammount
- 14800
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Well-maintained six-unit multifamily property located in the heart of Ballard, one of Seattle's most sought-after rental markets. Two units have been fully renovated within the past year, while the remaining four have been tastefully updated in recent years and are in excellent condition. Ideally situated within walking distance of Ballard's vibrant Market Street, residents enjoy convenient access to popular restaurants, shops, breweries, parks, and everyday amenities. On-site coin-operated laundry provides additional income, and two garage spaces offer the potential for future revenue. With a strong location, quality updates, and room for continued rental growth, this property presents an outstanding investment opportunity.
/u.realgeeks.media/pnwcasas/PNWCasas_BLK_Logo.jpg){kind=logo}
Additional Information
- List Date
- 2026-07-14 22:13:12
- Community
- Ballard
- Net Operating Income
- $86,097
- Gross Adjusted Income
- $132,901
- Gross Scheduled Income
- $139,896
- Total Monthly Income
- $11,658
- Insurance Expenses
- $7,318
- Water/Sewer/Garbage Expenses
- $10,363
- Gross Rent Multiplier
- 12.87
- Total Expenses
- $47,716
- Cap Rate
- 4.78
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 2209
- Potential Terms
- Cash, Conventional
- Year Built
- 1966
- Roof
- Flat
- Other Expenses
- 15235
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $11,658
- Gross Scheduled Income
- $139,896
- Vacancy Rate
- 5
- Gross Adjusted Income
- $132,901
- Tax Year
- 2025
- Insurance Expense
- $7,318
- W/S/G Expenses
- $10,363
- Total Expenses
- $47,716
- Net Operating Income
- $86,097
- Gross Rent Multiplier
- 12.87
- Cap Rate
- 4.78
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.