Seattle, WA 98107 2223 NW 59th Street
$3,600,000
35 more
Presented By: Kidder Mathews and NWMLS
- MLS# 2438077
- 09/25/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 9,236
Home Details
Twin Courts presents a rare multifamily investment in the heart of Ballard, offering two contiguous parcels that create unique long-term exit strategies. The property has undergone substantial capital improvements, including updated electrical panels throughout and one roof being replaced in 2020 and the other in 2016. With 5 of 14 units already renovated, investors can continue the proven value-add program to unlock up to 28% rental growth potential. Efficient, well-designed floorplans drive strong tenant demand, while its highly walkable location ensures long-term desirability. With strong in-place rents, upside through remaining renovations, and flexible ownership options, Twin Courts stands out as a compelling Ballard opportunity.
Presented By: Kidder Mathews and NWMLS
Interior Features for 2223 NW 59th Street
Bedrooms
Bedrooms Possible18
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 2223 NW 59th Street
AmenitiesCoin Op Laundry, Storage
Building Area UnitsSquare Feet
Cap Rate5
Carport Spaces6
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
Directions2223-2225 NW 59th St Seattle, WA
Electric Expense6836
Fuel Expense6836
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictSeattle
Insurance Expense10071
Leasable Area9408
Listing TermsCash Out, Conventional
Lot Size Square Feet10000
Lot Size UnitsSquare Feet
MLS Area705 – Ballard/Greenlake
ModificationTimestamp2025-09-25T19:00:12.316Z
NWM_ShowMapLinkY
Net Operating Income180128
New ConstructionNo
Number Of Units Total2
Open Parking Spaces10
PossessionClosing
Property ConditionGood
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksTwin 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
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameBallard
Tax Annual Amount31291
Tax Year2025
Units Below Gradefalse
Units In Building Total14
ViewCity
Water Sewer Garbage6836
Year Built1964
Exterior for 2223 NW 59th Street
Building Area Total9236
Covered Spaces
Exterior AmenitiesBrick, Stucco
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions10000
Lot FeaturesCurbs, Paved, Sidewalk, Value In Land
Lot Size Acres0.2296
Parking Uncovered Spaces10
Total Parking16
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®