Ballard Multifamily Investment
2418 NW 57th St, Seattle, WA 98107
20-unit multifamily property in Seattle's Ballard neighborhood.
Type:Multifamily
Property size:
12,300 SFLot size:
0.23 AcresPrice / SF:
$390/SF- Added:
- Feb 5, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 2418 NW 57th St
General Information
- Standard status
- Active
- Size
- 12,300 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1986
Listing agent Michael Urquhart License #WA 135356
Listing office Paragon Real Estate Advisors
Listing date Feb 5, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Paragon Real Estate Advisors
HighLights
- Located in Seattle's Ballard neighborhood, a strong and resilient rental market.
- Value‑add potential through continued interior renovations and operational improvements.
- Mix of standard and large one‑bedroom units (six units exceeding 900 sq ft).
- In‑place income stream with potential for long‑term rental growth.
- Features both covered garage and additional surface parking.
- Convenient access to public transportation, dining, retail, grocery, and entertainment.
Overview
Pacific Apartments is a 20-unit multifamily property constructed in 1986. The property is located in Seattle’s Ballard neighborhood and is positioned on a 10,000-square-foot parcel zoned LR3 (M). The building features a unit mix comprised entirely of one-bedroom residences, including fourteen one-bedroom units and six large one-bedroom units exceeding 900 square feet. The average unit size is approximately 615 square feet. A majority of the units have received updates including refreshed cabinetry, LVP flooring, and a mix of Formica, granite, and quartz countertops. The property presents value-add potential through continued interior renovations, operational improvements, and future capital upgrades. Certain building systems remain original, including electrical panels and roofing. The property has covered garage parking and additional surface parking, secured entry, in-unit water tanks, storage units, and on-site laundry. Situated in Ballard, the property is surrounded by dining, retail, grocery, and entertainment options. Residents have access to major public transportation lines, providing connectivity to Downtown Seattle and surrounding employment centers. The property is part of a three-property portfolio sale that may also be acquired together.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.388599
- Latitude
- 47.6704174
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 20-unit multifamily property in Seattle's Ballard neighborhood.
Where is this apartment building located?
The property is located at 2418 NW 57th St Seattle, WA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Located in Seattle's Ballard neighborhood, a strong and resilient rental market.; Value‑add potential through continued interior renovations and operational improvements.; Mix of standard and **large one‑bedroom units (six units exceeding 900 sq ft)**.
