2216 NW 59th Street, Seattle, WA 98107
- $1,985,000
- 5,380
- SqFt
Listing courtesy of FIRST AND MAIN. Selling Office: Coldwell Banker Bain.
- Sold Price
- $1,985,000
- List Price
- $2,100,000
- Status
- SOLD
- MLS#
- 2343981
- Closing Date
- Oct 06, 2025
- Days on Market
- 116
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,380
- Area Total SqFt
- 5380
- Annual Tax Ammount
- 15692.19
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Updated Rents & Cap Rate!! Turnkey 6-Unit Investment in Prime Ballard Location! This well-maintained multifamily property offers strong rental upside and the potential to add an additional unit for even more value. This low-maintenance gem is perfect for investors seeking long-term growth. New water heaters, fresh exterior paint & lighting; all units have new flooring, paint & updates throughout. Large floor plans w/room to add additional 3rd bedroom. Shared laundry, storage lockers, 4 carport parking + 6 dedicated reserved spots, fenced & private patio. 98% Walking score! Don’t miss this rare opportunity to own in one of Seattle’s most sought-after neighborhoods! Offering Memorandum available.
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Additional Information
- List Date
- 2025-06-12 00:00:00
- Community
- Ballard
- Net Operating Income
- $136,282
- Gross Adjusted Income
- $159,660
- Gross Scheduled Income
- $159,660
- Total Monthly Income
- $13,305
- Insurance Expenses
- $2,014
- Water/Sewer/Garbage Expenses
- $4,931
- Gross Rent Multiplier
- 13.15
- Total Expenses
- $23,377
- Cap Rate
- 6.49
- Total Number of Units
- 6
- Unit Name
- 2216
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1969
- View
- Territorial
- Roof
- Torch Down
- Site Features
- Fenced-Partially, Patio
- Electric Expenses
- 739
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $13,305
- Gross Scheduled Income
- $159,660
- Gross Adjusted Income
- $159,660
- Tax Year
- 2025
- Insurance Expense
- $2,014
- W/S/G Expenses
- $4,931
- Total Expenses
- $23,377
- Net Operating Income
- $136,282
- Gross Rent Multiplier
- 13.15
- Cap Rate
- 6.49
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.