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Pacific Apartments

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Pacific Apartments

2418 NW 57th St, Seattle, WA 98107
Multi-Family For Sale Available Cap Rate 3.9% Built 1986 3 floors Zoning: LR3(M)
Asking Price
$4,800,000
Total Building12,300 SF
Land10,019 SF land
Parking Total20
& Uncov.
ConstructionFramed
MarketFremont/Ballard
CountyKing

Read Overview
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Overview

Property ID
306093
Listing ID
708169
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3(M)

Description

Location is everything! Ballard 20 unit built 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.

Listing Courtesy of:

BP
Brian Platt
Paragon Real Estate Advisors
600 University St., Ste. 2018,
Seattle, WA 98101-1176
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.