5-Unit Apartment Building with
For Sale
$1,650,000
1750 NW 58th Street, Seattle, WA 09107
Townhome-style lofts, shared laundry, private storage, and on-site parking support a practical multifamily configuration.
Property Size4,890 SF
Days on Market27
Property Features for 1750 NW 58th Street
General Information
Standard status
Active
Size
4,890 SF
Total Parking Spaces
5
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR loft, 2 x 1BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$13,898
Amenities
shared laundry room
storage
private balconies
Building Details
Building Size
4,890 SF
Year Built
1974
Buildings
1
Units
5
Listing Agency:
RE/MAX Metro Realty, Inc.
(206) 322-5700
Listed By:
Lisa Martino
(206) 322-5700
Source:
Multifamilyspecialist
Added: Jul 17
Changed: Aug 7
Last Checked: Aug 11 at 2:14PM
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 RE/MAX Metro Realty, Inc.
Investment Insights
Based on property information with market context.
This 5-unit apartment building, constructed in 1974, includes three townhome-style two-bedroom loft units and two one-bedroom units. The loft residences feature private balconies, while the property also provides a shared laundry room and dedicated storage for each unit. Interior upgrades are present in the one-bedroom apartments.
Parking includes two tandem spaces and three uncovered spaces at the rear of the property. The building is located in Seattle’s Ballard area at 1750 NW 58th Street, within a walkable neighborhood setting. The tenant profile includes some longer-term occupants, and the property has experienced limited turnover.
Parking includes two tandem spaces and three uncovered spaces at the rear of the property. The building is located in Seattle’s Ballard area at 1750 NW 58th Street, within a walkable neighborhood setting. The tenant profile includes some longer-term occupants, and the property has experienced limited turnover.
Key Highlights
- 5‑unit apartment building with three two‑bedroom lofts and two one‑bedroom units
- Three townhome‑style loft units include private balconies
- Shared laundry room and storage assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,533
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,650,660
$1.7M
Cap Rate 7%
$1,179,043
$1.2M
Cap Rate 9%
$917,033
$917.0K
Market Conditions
NOI Build-Up for 4,890 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$155.5K $31.80/SF
− Vacancy
−$5.4K −$1.11/SF
EGI
$150.1K $30.69/SF
− OpEx
−$67.5K −$13.81/SF
NOI
$82.5K $16.88/SF
Area
Seattle, WA
Vacancy
3.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,650,660
Cap Rate 7%
$1,179,043
Cap Rate 9%
$917,033
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,533 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,982 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,856
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Townhome-style lofts, shared laundry, private storage, and on-site parking support a practical multifamily configuration.
Where is this apartment building located?
The property is located at 1750 NW 58th Street Seattle, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5‑unit apartment building with three two‑bedroom lofts and two one‑bedroom units; Three townhome‑style loft units include private balconies; Shared laundry room and storage assigned to each unit
