Live-Work Space with Basement
For Sale
Contact for pricing
2407 NW 60th St, Seattle, WA 98107
Live upstairs and use the basement as your business space, with zoning NC1-55(M) and recent roof, window, and sewer updates.
Property Size2,150 SF
Price / SF$372.09
Days on Market17
Property Features for 2407 NW 60th St
General Information
Standard status
Active
Size
2,150 SF
Total Parking Spaces
3
Property subtype
OFFICE
Zoning
NC1-55(M)
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Windermere Real Estate HLC
(206) 492-0231
Listed By:
Lisa Bender
Source:
Moodyscre
Added: Jul 15
Changed: Jul 29
Last Checked: Jul 30 at 11:01AM
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 Windermere Real Estate HLC
Investment Insights
Based on property information with market context.
This live-work property offers flexible layout options with upstairs and basement spaces. The upstairs is rented through 12/31/26, while the basement is available now. It has been used as clubhouse space for a non-profit, with no rent collected, and it can support a business use from the basement while you live upstairs, or be reconfigured into two livable spaces by adding back walls.
The home has been improved with a roof replacement in 2019 and paint in and out in 2019. Windows were updated in 2023, and a new sewer line was installed in 2025. Parking features include a garage plus two additional parking spaces. The property is zoned NC1-55(M).
With its live-and-work configuration and documented updates, this is a workable option for an owner-operator looking to combine residency with day-to-day business access.
The home has been improved with a roof replacement in 2019 and paint in and out in 2019. Windows were updated in 2023, and a new sewer line was installed in 2025. Parking features include a garage plus two additional parking spaces. The property is zoned NC1-55(M).
With its live-and-work configuration and documented updates, this is a workable option for an owner-operator looking to combine residency with day-to-day business access.
Key Highlights
- Basement available now; upstairs rented through 12/31/26
- Zoned NC1‑55(M) for live‑work flexibility
- Roof replaced 2019; paint in and out 2019
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.3k | $30.36 |
| − Vacancy | −$14.9k | −$6.95 |
| EGI | $50.3k | $23.41 |
| − OpEx | −$12.6k | −$5.85 |
| NOI | $37.7k | $17.56 |
2,150 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$539.2K
$471.8K – $629.1K
NOI $37,745 @ 7.0% cap · market cap 4.72%
Second Best
Mixed Use
$405.4K
$354.8K – $473.0K
NOI $28,380 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$646.8K
$566.0K – $754.6K
NOI $45,278 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,069
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 Office in Seattle, WA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Live upstairs and use the basement as your business space, with zoning NC1-55(M) and recent roof, window, and sewer updates.
Where is this live-work space located?
The property is located at 2407 NW 60th St Seattle, WA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Basement available now; upstairs rented through 12/31/26; Zoned NC1‑55(M) for live‑work flexibility; Roof replaced 2019; paint in and out 2019
