2418 NW 57th St
Seattle WA 98107
Pacific Apartments
2418 NW 57th St Seattle WA 98107
Listing #: 708169 | Status: Pending | Last Modified: 4/6/2026 |
For Sale
- Phone:(206) 812-9130
- Email:brianp@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:www.paragonrea.com
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Agent Phone:(206) 812-9101
- Agent Email:ben@paragonrea.com
- Agent Phone:(206) 406-9105
- Agent Email:rowan@paragonREA.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,800,000.0
- $/SF$ 390.2
- $/Unit$ 4,800,000.0
- Listing StatusPending
- Days on Market77
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income349,482
- Vacancy Factor %5.00%
- Operating Expenses144,693
- Net Operating Income187,314
- CAP Rate 4.27 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.27 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units20
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF12300
- Net Rentable Area12300
- Total Office SF
- Largest Contiguous SF
- Lot SF10019
- Acres0.23
- Property TypeMulti-Family
- Office Type
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #2767605155
- Additional Parcels
- ZoningLR3(M)
- # Covered Spaces9
- # Uncovered Spaces11
- Total Parking Spots20
- Parking Ratio
- Year Built1986
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Pacific Apartments
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.
