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Listed by COMPASS
$ 5,300,000
Est. payment | /mo
2 Baths
12,581 SqFt
$ 5,300,000
Est. payment | /mo
2 Baths
12,581 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,581 sqft
Price per Sqft $421
Subdivision Ballard
MLS Listing ID 2447197
Style 56 - 10+ Units
Year Built 2015
Annual Tax Amount $45,082
Lot Size 4,650 Sqft
Property Sub-Type Multi Family
Property Description
Built in 2015, 2418 Ballard offers immediate rental upside with rents ~13% below market. Priced at $5.3M ($126K/unit), recent leases show 10% rent growth. Prime Ballard location just three blocks from Market St and 24th Ave with easy access to downtown. Features 42 efficient micro units averaging 196 SF with modern finishes and kitchenettes (varies by unit). Amenities include communal kitchens, rooftop deck, garden, laundry, and high-speed internet. Walk Score 97, near future Ballard Station (2039).
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature See Remarks
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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