Property Details

2223 NW 59th St

Seattle, WA 98107

$3,495,000

Available

CBA# 711225 courtesy of CBA Listing firm: Kidder Mathews

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Commercial

Property Type

9,408

Bldg Sq Ft

Units

4.00%

Cap Rate

1964

Year Built

Property Overview

Twin Courts presents a rare multifamily investment in the heart of Ballard, offering two contiguous parcels that create unique long-term exit strategies. The property has undergone substantial capital improvements, including updated electrical panels throughout and one roof being replaced in 2020 and the other in 2016. With 5 of 14 units already renovated, investors can continue the proven value-add program to unlock up to 28% rental growth potential. Efficient, well-designed floorplans drive strong tenant demand, while its highly walkable location ensures long-term desirability. With strong in-place rents, upside through remaining renovations, and flexible ownership options, Twin Courts stands out as a compelling Ballard opportunity.