$3,200,000
Est. $17,725/mo9,408 sq ft
2223 NW 59th Street, Seattle, WA 98107
• Listed Oct 9, 2026•5 days active · 5 cumulative
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
About this home
Twin Courts Apartments presents an exceptional investment opportunity in Seattle's highly desirable Ballard neighborhood. The property consists of 14 units across two buildings, featuring 10 one-bedroom and 4 two-bedroom apartments totaling approximately 9,408 rentable square feet. The property offers strong in-place cash flow with a 5.9% cap rate and attractive seller financing options. Recent capital improvements include updated electrical panels, newer TPO roofs, and renovations to 5 of the 14 units, providing additional upside through continued interior improvements and rental growth. Situated on two separate parcels totaling approximately 10,000 square feet, the property features covered and surface parking, on-site laundry, and convenient access to Downtown Ballard's restaurants, shopping, breweries, and entertainment. Twin Courts offers investors a compelling combination of stable income, value-add potential, and a prime Ballard location. Seller financing available; contact listing brokers for details.
Listed by Max Frame • Kidder Mathews
Listing updated: October 9, 2026 at 08:43am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2592865
Around this home
How much should you offer?
2223 NW 59th Street, Seattle, WA 98107
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 10+ Units
Flooring
- Laminate
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Adams Elementary SchoolPublic · Grades K-5 · 0.3 mi · State rank 79 of 1,13810/10
- Whitman Middle SchoolPublic · Grades 6-8 · 1.8 mi · State rank 19 of 51410/10
- Ballard High SchoolPublic · Grades 9-12 · 0.6 mi · State rank 43 of 3968/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 2
- Units in building
- 14
- Units below grade
- true
- Building square feet
- 9,408 sq ft
Income & expenses
- Gross scheduled income
- $272,837
- Total monthly income
- $24,038
- Gross adjusted income
- $300,917
- Net operating income
- $188,981
- Cap rate
- 5.9%
- Gross rent multiplier
- 17
- Total expenses
- $111,936
- Insurance
- $10,298
- Electric
- $7,113
- Fuel
- $7,113
- Other expenses
- $46,766
- Water / sewer / garbage paid by
- 7113
Parking & storage
- Parking spaces
- 16
- Uncovered parking
- 10
- Covered spaces
- 6
Taxes & assessment
- Annual taxes
- $33,533
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 2223 NW 59th Street
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 9, 2026ListedNWMLS via MLS Grid · #2592865$3,200,000$340/sq ft
- Jul 22, 2004Recorded saleKing County recorder · Statutory warranty deed$1,292,200$137/sq ft
Mortgage payment forecast
$21,319 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 56 days.
Recent sales nearby
Within 1 mile · last 6 months$799,000 Sold
1 day ago
3 bd•3.25 ba•~1,530 sq ft•Single Family
1553 58th Street, Seattle, WA 98107
1%
Under list
81
Days on market
0.3 mi
Distance
$885,000 Sold
1 day ago
3 bd•1.75 ba•~1,633 sq ft•Single Family
2218 A NW 62nd Street, Seattle, WA 98107
2%
Under list
84
Days on market
0.2 mi
Distance
$685,000 Sold
5 days ago
2 bd•1.75 ba•~1,230 sq ft•Single Family
1756 NW 61st Street #A, Seattle, WA 98107
1%
Under list
29
Days on market
0.2 mi
Distance
$465,000 Sold
5 days ago
2 bd•1.5 ba•~1,050 sq ft•Single Family
6211 7th Avenue NW, Seattle, WA 98107
0%
Over list
17
Days on market
1.0 mi
Distance
$775,000 Sold
1 week ago
3 bd•1.75 ba•~1,460 sq ft•Single Family
1705 NW 63rd Street #B, Seattle, WA 98107
0%
Over list
49
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 14, 2026 at 11:11 PM PT (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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