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2418 Ballard

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2418 Ballard

2418 NW 58th St, Seattle, WA 98107
Multi-Family For Sale Available Built 2015 4 floors Zoning: LR3(M)
Asking Price
$5,500,000
Total Building9,249 SF
Land4,792 SF land
MarketFremont/Ballard
CountyKing

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Overview

Property ID
304886
Listing ID
702636
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3(M)

Description

Introducing 2418 Ballard, a modern investment opportunity in the heart of Seattle's Ballard neighborhood. Consisting of 42 micro-units, this transit-oriented property is strategically located at 2418 NW 58th St, offering immediate rental upside with rents below market rate. Priced attractively at $5.5 million ($130,952 per unit), recent leases have shown a 10% rent increase, indicating strong market demand. The efficient micro-living design maximizes functionality with smart unit layouts and communal kitchens, rooftop deck, and laundry facilities. With a Walk Score of 97 and Bike Score of 92, residents enjoy car-free living options and easy access to downtown Seattle via the planned Ballard Station. The submarket boasts strong fundamentals with high occupancy rates and 2.2% annual rent gro

Listing Courtesy of:

SC
Steven Chattin
Berkadia Real Estate Advisors, LLC
411 108th Avenue NE Suite 1080,
Bellevue, WA 98004
State: WA City: Seattle ZIP: 98107 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.