Seattle, WA 98107 2216 NW 59th Street
$2,100,000
Pending
35 more
Presented By: FIRST AND MAIN and NWMLS
- MLS# 2343981
- 03/13/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 5,380
Home Details
Updated Rents & Cap Rate!! Turnkey 6-Unit Investment in Prime Ballard Location! This well-maintained multifamily property offers strong rental upside and the potential to add an additional unit for even more value. This low-maintenance gem is perfect for investors seeking long-term growth. New water heaters, fresh exterior paint & lighting; all units have new flooring, paint & updates throughout. Large floor plans w/room to add additional 3rd bedroom. Shared laundry, storage lockers, 4 carport parking + 6 dedicated reserved spots, fenced & private patio. 98% Walking score! Don’t miss this rare opportunity to own in one of Seattle’s most sought-after neighborhoods! Offering Memorandum available.
Presented By: FIRST AND MAIN and NWMLS
Interior Features for 2216 NW 59th Street
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 2216 NW 59th Street
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Building NameGilman Park
Cap Rate6.49
Carport Spaces4
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsNorth Market Street to NW 59th St
Electric Expense739.61
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictSeattle
Insurance Expense2014.2
Leasable Area5380
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet5000
Lot Size UnitsSquare Feet
MLS Area705 – Ballard/Greenlake
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-08-11T21:54:10.682Z
NWM_ShowMapLinkY
Net Operating Income136282
New ConstructionNo
Number Of Units Total6
Open Parking Spaces6
PossessionClosing
Possible UseMulti-Family
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksUpdated 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 e
RoofTorch Down
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending Feasibility
Structure TypeMulti Family
Subdivision NameBallard
Tax Annual Amount15692.19
Tax Year2025
Units Below Gradefalse
Units In Building Total6
ViewTerritorial
Water CompanyCity of Seattle
Water Sewer Garbage4931.17
Year Built1969
Zoning DescriptionMulti-Family
Exterior for 2216 NW 59th Street
Building Area Total5380
Covered Spaces
Exterior AmenitiesStucco, Wood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions100×50
Lot FeaturesPaved, Sidewalk
Lot Number16
Lot Size Acres0.1148
Parking Uncovered Spaces6
Site FeaturesFenced-Partially, Patio
Total Parking10
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Middle School
Buyer To Verify Middle School
Elementary School
Buyer To Verify Elementary School
Josh QA1
REALTOR ® SRES ®