Shovel-Ready Condo Apartment
For Sale
Contact for pricing
2432 NW 56th St, Seattle, WA 98107
Eight-story condominium apartment development with permits in hand and 55 units plus 45 below-grade parking stalls.
Property SizeContact for details
Days on Market120
Property Features for 2432 NW 56th St
General Information
Standard status
Active
Total Parking Spaces
45
Property subtype
Land
Additional Details
Multifamily Units
55
Building Details
Stories
8
Listing Agency:
Orion Commercial Partners
(206) 445-7664
Listed By:
David Butler · License #WA 78883
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 1:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Orion Commercial Partners
Investment Insights
Based on property information with market context.
This shovel-ready eight-story condominium apartment development includes 55 condominium units made up of one- and two-bedroom layouts. The project is described as having both the master use permit (MUP) and building permit in hand. It also includes 45 parking stalls in below-grade parking.
The site is located at 2432–2436 NW 56th St. in the Ballard neighborhood of Seattle, with the property noted as being one block north of Market Street and positioned to provide residents easy access to nearby employment hubs.
As currently planned, the development averages 681 square feet per unit and is configured as a mid-rise residential tower with structured below-grade parking.
The site is located at 2432–2436 NW 56th St. in the Ballard neighborhood of Seattle, with the property noted as being one block north of Market Street and positioned to provide residents easy access to nearby employment hubs.
As currently planned, the development averages 681 square feet per unit and is configured as a mid-rise residential tower with structured below-grade parking.
Key Highlights
- MILA Tower development opportunity at 2432–2436 NW 56th St, Seattle, WA, in the Ballard neighborhood
- 8‑story project with 55 condominium units (1- and 2‑bedroom), averaging 681 SF per unit
- Master use permit (MUP) and building permit in hand
Property Analytics
Current Use
Lease Details
55
Residential units
Location Intelligence
Trade Area within ½ mile
3,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 98107, WA
28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-story condominium apartment development with permits in hand and 55 units plus 45 below-grade parking stalls.
Where is this apartment building located?
The property is located at 2432 NW 56th St Seattle, WA.
What are key features of this property?
This property features: MILA Tower development opportunity at 2432–2436 NW 56th St, Seattle, WA, in the Ballard neighborhood; 8‑story project with 55 condominium units (1- and 2‑bedroom), averaging 681 SF per unit; Master use permit (MUP) and building permit in hand
