Listed by Paragon Real Estate Advisors
$4,800,000

2418 NW 57th St Seattle, WA 98107

Ballard Neighborhood

Estimated payment $28,967/month

Total Views 47
20 Beds
20 Baths
12,300 Sq Ft
$390 Price per Sq Ft

Highlights

  • 0.23 Acre Lot
  • No HOA
  • Vinyl Plank Flooring
  • Adams Elementary School Rated A
  • Thermal Windows
  • 3-minute walk to Ballard Commons Park

About This Home

Location is everything! Ballard 20 unit built in 1986 offers 14 -1BD units and 6 Large 1BD units. Majority of the units have received updates including refreshed cabinetry, LVP flooring, and a mix of Formica, granite, and quartz countertops. The property presents clear value-add potential through continued interior renovations, operational improvements, and future capital upgrades. Certain building systems remain original, including electrical panels and roofing, providing a buyer with the opportunity to modernize the asset and reposition rents closer to market levels over time. The presence of both covered garage parking and additional surface parking, secured entry, in-unit water tanks, storage units, and on-site laundry further enhances tenant appeal and supports long-term stability.

Listing Agent

Brian Platt

Paragon Real Estate Advisors License #85375 Listed on: 02/04/2026

Co-Listing Agent

Michael Urquhart

Paragon Real Estate Advisors License #135356

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2476476

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,911

Year Built

  • Built in 1986

Parking

  • 11 Covered Spaces

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 12,300 Sq Ft Home
  • 4-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 20 Bathrooms

Additional Features

  • 10,000 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767605155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,911

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1986
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 12300
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 20
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 9
  • Carport Y N: No
  • Covered Parking Spaces: 11
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2767605155
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 30656

Tax Info

  • Year: 2025
  • Tax Annual Amount: 41911

Multi Family

  • Number Of Units Total: 21
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2026 02/04/26 For Sale $4,800,000 -- $390 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2476476

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98107 Ballard

2418 NW 57th St, Seattle, WA

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID

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Brian Platt
Listing Agent
Brian Platt
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Paragon Real Estate Advisors
(206) 350-4308