2418 NW 57th Street Seattle, WA $ 4,800,000
2418 NW 57th Street
$ 4,800,000
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2418 NW 57th Street

Seattle, WA, 98107
$ 4,800,000
Baths0.0 Sq 12,300

Monthly Estimate*

$ 29,554

Listed by Paragon Real Estate Advisors
2418 NW 57th Street, Seattle, WA 98107 - Image 1
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2418 NW 57th Street, Seattle, WA 98107 - Image 20
Studio

Multi-Family Home for sale in Seattle, WA

for $4,800,000. This 12,300 square foot home was built in 1986 on a lot size of 0.2296.

Location is everything! Ballard 20 unit built in 1986 offers 14 -1BD units and 6 Large 1BD units. Majority of the units have received updates including refreshed cabinetry, LVP flooring, and a mix of Formica, granite, and quartz countertops. The property presents clear value-add potential through continued interior renovations, operational improvements, and future capital upgrades. Certain building systems remain original, including electrical panels and roofing, providing a buyer with the opportunity to modernize the asset and reposition rents closer to market levels over time. The presence of both covered garage parking and additional surface parking, secured entry, in-unit water tanks, storage units, and on-site laundry further enhances tenant appeal and supports long-term stability.

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Multi-Family Active

Price

$ 4,800,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 41,911

Style

10+ Units

Lot Size

0.2296

Year Built

1986

Town/City

Seattle

County/Region

King

MLS | Web ID

2476476

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Flat
HOA Fee 0
Garage Spaces 0
Year Built 1986
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 204789
Insurance Expense 11911
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Ballard
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Ballard Bridge head N on 15th Ave NW. Keep Left to stay on 15th Ave NW. Left on NW 57th St. Property is on the right.
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Number Of Units Total 21
MLS Area 705 - Ballard/Greenlake
Lot Size Units Square Feet
Lot Size Square Feet 10000
Carport Spaces 9
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 41911
Electric Expense 0
Fuel Expense 0
Public Remarks Location is everything! Ballard 20 unit built in 1986 offers 14 -1BD units and 6 Large 1BD units. Majority of the units have received updates including refreshed cabinetry LVP flooring and a mix of F
Leasable Area 12300
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Storage Thermal Windows
Units Below Grade false
Units In Building Total 20
Water Sewer Garbage 22156
Property Style 56 - 10+ Units
Cap Rate 4.27
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Exterior
Exterior Amenities Wood Wood Products
Foundation Details Poured Concrete
Building Area Total 12300
Lot Size Acres 0.2296
Waterfront Y/N N
Covered Spaces 11
Irrigation Water Rights Y/N N
Parking Uncovered Total 20
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Interior
Flooring Laminate Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 4
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2476476
Street Number 1 2418
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* Excluded Features
List By
Brian D. Platt

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$33,047
Per Month
89%
11%
0%
Monthly Principal & Interest
$29,554
Monthly Property Taxes
$3,493
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2026$4,800,000 Listed Price

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2418 NW 57th Street, Seattle, WA, 98107 is a Multi-Family Home for sale at $4,800,000 with 12,300 sqft and a lot size of 0.2296. 2418 NW 57th Street is a studio with 0.0 baths and was built in 1986. The property's zip code is 98107 which is in Seattle, WA