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Pacific Apartments
2418 NW 57th St Seattle WA 98107
Listing #: 708169 | Status: Pending | Last Modified: 4/6/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 349,482 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 144,693 |
| Net Operating Income | 187,314 |
| CAP Rate | 4.27 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 4.266 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 20 |
| Total Building SF | 12,300 SF |
| Net Rentable Area | 12,300 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 10,019 SF |
| Acres | 0.23 |
| Year Built | 1986 |
| Construction Type | Framed |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Building Class | C |
| Location | |
|---|---|
| County | King |
| Market Area | Fremont/Ballard |
| Tax ID # | 2767605155 |
| Zoning | LR3(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 9 |
| # Uncovered Spaces | 11 |
| Total Parking Spots | 20 |
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.
Pacific Apartments
2418 NW 57th St Seattle WA 98107
Listing #: 708169 | Status: Pending | Listing Date: 2/4/2026 | Last Modified: 4/6/2026 | Email Listing
For Sale
Pacific Apartments
