$3,200,000
 $17,178 est/mo Sourced by Back At You

2223 NW 59th Street,Seattle, WA 98107

Seattle, WA 98107

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Description

Twin Courts Apartments presents an exceptional investment opportunity in Seattle's highly desirable Ballard neighborhood. The property consists of 14 units across two buildings, featuring 10 one-bedroom and 4 two-bedroom apartments totaling approximately 9,408 rentable square feet. The property offers strong in-place cash flow with a 5.9% cap rate and attractive seller financing options. Recent capital improvements include updated electrical panels, newer TPO roofs, and renovations to 5 of the 14 units, providing additional upside through continued interior improvements and rental growth. Situated on two separate parcels totaling approximately 10,000 square feet, the property features covered and surface parking, on-site laundry, and convenient access to Downtown Ballard's restaurants, shopping, breweries, and entertainment. Twin Courts offers investors a compelling combination of stable income, value-add potential, and a prime Ballard location. Seller financing available.

Details

MLS #2592865
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1964
Days On Site24
Listing Provided ByKidder Mathews | Max Frame

Features

SQ Feet9,408
Car PortYes
Story(s)3
Units2
ZoningMulti-Family
Acreage0.23
Property ViewYes

Taxes

Property33533

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98107
Area705 Ballard | Greenlake
Community NameBallard
Listing VS Median (in Ballard)
Price:
$3,200,000
low | high
Med:
$799,000
100% of Average
sqft:
9,408
low | high
Med:
1,478
100% of Average
$ / sqft:
$340
low | high
Med:
$541
8.935047361299% of Average
On site:
24
low | high
Med:
11
100% of Average
Sourced by Back At You

Market Activity 98107

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98107
Area705 Ballard | Greenlake
Community NameBallard
Listing VS Median (in Ballard)
Price:
$3,200,000
low | high
Med:
$799,000
100% of Average
sqft:
9,408
low | high
Med:
1,478
100% of Average
$ / sqft:
$340
low | high
Med:
$541
8.935047361299% of Average
On site:
24
low | high
Med:
11
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.4M - $4M
sqft: 7,000 - 11,500
Nearby Listings Property ImageNearby Listings Details
5920 24th Avenue Property Photo 1
$2,600,000
5920 24th Avenue
Seattle, WA 98107
Listing Updated: October 20, 2026 at 12:12:55 PM PDT