Property Details
2209 NW 59th Street
Seattle, WA 98107
$1,800,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 12
Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Ballard
Listed
Jul 14, 2026
Structure Type
Multi Family
Parcel Number
2767604135
Tax & HOA
Annual Property Tax
$14,800 (2025)
Est. Monthly Tax
$1,233/mo
Financial Summary
Cap Rate
4.78%
Net Operating Income
$86,097
Gross Scheduled Income
$139,896
Gross Rent Multiplier
12.87
Total Expenses
$47,716
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
4,286
Leasable Area
4,286 sqft
Total Units
6
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,001 sqft
Year Built
1966
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1966
Garage
2 spaces
Exterior Materials
Stucco, Wood
Sewer
Sewer Connected
Exterior Features
Stucco, Wood Products
Community & Access
Directions
GPS
Location
City
Seattle
County
King
Coordinates
47.67142, -122.38519
Additional Information
Tax Year
2025
Annual Taxes
$14,800
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
