1721 NW 58th Street, Seattle, WA 98107
- $1,395,000
- 3,210
- SqFt
Listing courtesy of Windermere Real Estate/East. Selling Office: Windermere Real Estate Midtown.
- Sold Price
- $1,395,000
- List Price
- $1,495,000
- Status
- SOLD
- MLS#
- 2384830
- Closing Date
- Jul 18, 2025
- Days on Market
- 19
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 3,210
- Area Total SqFt
- 3210
- Annual Tax Ammount
- 11994
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Quality Well Maintained Building and Updated Units. In the heart of Ballards' Urban Village District. Just steps to transportation, restaurants, shopping, services and the bustling nightlife. 1721 and 1723 both have 1 large private garage each and office space w/windows. 3 additional off-street parking spaces in front. 2 units have fireplaces. All 3 units have in-unit full size W/D and D/W. Ground floor unit has private access and exclusive use of large, fenced back yard. Copper plumbing. Fully vacant - Great opportunity to start fresh with new tenants at market rents. Rents are projected conservatively based on available data and unit 1721 being rented for $2,750 in 2022. Zoned LR3(m); great potential development opportunity.
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Additional Information
- List Date
- 2025-06-29 00:00:00
- Community
- Ballard
- Net Operating Income
- $77,727
- Gross Adjusted Income
- $98,040
- Gross Scheduled Income
- $103,200
- Total Monthly Income
- $103,200
- Insurance Expenses
- $2,691
- Water/Sewer/Garbage Expenses
- $4,028
- Gross Rent Multiplier
- 14.49
- Total Expenses
- $20,313
- Cap Rate
- 5.19
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 1721
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1967
- Roof
- Torch Down
- Site Features
- Fenced-Partially, Outbuildings, Patio
- Other Expenses
- 1600
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $103,200
- Gross Scheduled Income
- $103,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $98,040
- Tax Year
- 2025
- Insurance Expense
- $2,691
- W/S/G Expenses
- $4,028
- Total Expenses
- $20,313
- Net Operating Income
- $77,727
- Gross Rent Multiplier
- 14.49
- Cap Rate
- 5.19
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