2223 NW 59th Street Seattle, WA $ 3,495,000
2223 NW 59th Street
$ 3,495,000
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2223 NW 59th Street

Seattle, WA, 98107
$ 3,495,000
Baths0.0 Sq 9,408

Monthly Estimate*

$ 21,519

Listed by Kidder Mathews
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Studio

Multi-Family Home for sale in Seattle, WA

for $3,495,000. This 9,408 square foot home was built in 1964 on a lot size of 0.2296.

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.

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Multi-Family Active

Price

$ 3,495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 31,291

Style

10+ Units

Lot Size

0.2296

Year Built

1964

Town/City

Seattle

County/Region

King

MLS | Web ID

2504524

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless
Cooling None
Possession Closing
Roof Flat
HOA Fee 0
Garage Spaces 0
Year Built 1964
View City
Property Subtype Multi Family
Tax Year 2026
County King
Net Operating Income 181428
Insurance Expense 11678
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Ballard
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions 2223-2225 NW 59th St Seattle WA 98107
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 705 - Ballard/Greenlake
Lot Size Units Square Feet
Lot Size Square Feet 10000
Carport Spaces 6
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 31291
Electric Expense 7197
Fuel Expense 7197
Property Condition Very Good
Public Remarks 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
Leasable Area 9408
Virtual Tour https://simonandersonteam.com/listings/twin-courts/
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Water Company PSE
Units Below Grade false
Units In Building Total 14
Water Sewer Garbage 7197
Property Style 56 - 10+ Units
Cap Rate 5.2
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Exterior
Exterior Amenities Stone Stucco
Lot Features Curbs Paved Sidewalk
Total Parking 12
Foundation Details Poured Concrete
Building Area Total 9408
Lot Dimensions 10000
Lot Size Acres 0.2296
Waterfront Y/N N
Covered Spaces 6
Irrigation Water Rights Y/N N
Parking Uncovered Total 6
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 18
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 NWM2504524
Street Number 1 2223
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* Excluded Features
List By
Max Frame

Listing Agent

Kidder Mathews

Broker

Affordability Calculator

$24,127
Per Month
89%
11%
0%
Monthly Principal & Interest
$21,519
Monthly Property Taxes
$2,608
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
4/9/2026$3,495,000 Listed Price

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2223 NW 59th Street, Seattle, WA, 98107 is a Multi-Family Home for sale at $3,495,000 with 9,408 sqft and a lot size of 0.2296. 2223 NW 59th Street is a studio with 0.0 baths and was built in 1964. The property's zip code is 98107 which is in Seattle, WA