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2226 NW 58th St
Seattle, WA 98107
58th Ballard · Multifamily Property For Sale
·
20 Units
Investment Highlights
- 2018 Construction
- 97 Walk Score
- Offering One and Two Bedroom Unit Floorplans
- Average Cash Yield of 6.25%
- Parking On-Site Secured Garage
- Strong Renter Demographic with Excellent Retention
Executive Summary
58th Ballard, located in the heart of the popular Ballard neighborhood, offers a vibrant and diverse atmosphere with a range of amenities and job opportunities. Ballard is one of Seattle’s most desirable and supply-constrained neighborhoods. The area benefits from strong demographic fundamentals, proximity to major employment hubs, and walkable access to retail, dining, and transit. Ballard’s continued popularity with young professionals and long-term renters supports durable demand and consistent rent growth, positioning the asset well for stable cash flow through market cycles.
58th Ballard has been exceptionally maintained with all 20 units offering efficient layouts. Interior unit finishes consist of new construction features such as luxury vinyl plank flooring, quartz countertops, stainless appliances, and modern cabinetry. Each unit features a stackable in-unit Washer/Dryer for tenant convenience. 58th Ballard presents a turn-key opportunity for a future investor with strong rental upside.
58th Ballard has been exceptionally maintained with all 20 units offering efficient layouts. Interior unit finishes consist of new construction features such as luxury vinyl plank flooring, quartz countertops, stainless appliances, and modern cabinetry. Each unit features a stackable in-unit Washer/Dryer for tenant convenience. 58th Ballard presents a turn-key opportunity for a future investor with strong rental upside.
Property Facts
| Price Per Unit | $375,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.54% | Building Size | 11,596 SF |
| No. Units | 20 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 0.27/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | MR RC (M) | ||
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 11,596 SF |
| No. Stories | 6 |
| Year Built | 2018 |
| Parking Ratio | 0.27/1,000 SF |
| Zoning | MR RC (M) |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Freezer
- Smoke Free
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Bicycle Storage
- Elevator
- Online Services
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $2,091 | 460 - 625 |
| 2+1 | 8 | $2,004 | 615 |
Property Taxes
| Parcel Number | 276760-4170 | Improvements Assessment | $4,938,000 |
| Land Assessment | $1,450,000 | Total Assessment | $6,388,000 |
Property Taxes
Parcel Number
276760-4170
Land Assessment
$1,450,000
Improvements Assessment
$4,938,000
Total Assessment
$6,388,000
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58th Ballard | 2226 NW 58th St