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Twin Courts Apartments
2223 - 2225NW 59th St Seattle WA 98107
Listing #: 711225 | Status: Available | Last Modified: 4/9/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 290,400 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 108,973 |
| Net Operating Income | 166,907 |
| CAP Rate | 5.19 % |
| 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 | 5.191 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 2 |
| # of Units | 14 |
| # of Elevators | 0 |
| Total Building SF | 9,408 SF |
| Net Rentable Area | 9,580 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 10,000 SF |
| Acres | 0.23 |
| Year Built | 1964 |
| Construction Type | Framed, Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Building Class | C |
| Location | |
|---|---|
| County | King |
| Market Area | Fremont/Ballard |
| Tax ID # | 2767604115 |
| Zoning | LR3(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 6 |
| # Uncovered Spaces | 10 |
| Total Parking Spots | 16 |
Twin Courts Apartments
Twin Courts presents a rare multifamily investment in the heart of Ballard, offering two contiguous parcels that create unique long-term exit strategies. The property has undergone substantial capital improvements, including updated electrical panels throughout and one roof being replaced in 2020 and the other in 2016. With 5 of 14 units already renovated, investors can continue the proven value-add program to unlock up to 28% rental growth potential. Efficient, well-designed floorplans drive strong tenant demand, while its highly walkable location ensures long-term desirability. With strong in-place rents, upside through remaining renovations, and flexible ownership options, Twin Courts stands out as a compelling Ballard opportunity.
Twin Courts Apartments
2223 - 2225NW 59th St Seattle WA 98107
Listing #: 711225 | Status: Available | Listing Date: 4/8/2026 | Last Modified: 4/9/2026 | Email Listing
For Sale
Twin Courts Apartments
