2040 NW 59th St
Seattle, WA 98107
Immeuble residentiel Propriété À vendre · 6 Unités

Ballard Park 6 presents a compelling opportunity to acquire a tastefully updated, turnkey multifamily asset in the heart of Ballard, one of Seattle’s most desirable and consistently high performing submarkets. With all units having received targeted renovations, the property offers immediate operational stability with minimal near-term maintenance requirements, allowing investors to focus on long-term income preservation and appreciation. Substantial additional rental upside could be achieved with a comprehensive programmatic unit renovation program resulting in $400-$500 additional income per unit per month.
The community is ideally positioned to support strong renter demand driven by Ballard’s strong employment base, walkable urban fabric, and lifestyle amenities. Residents benefit from an exceptional location just steps from Ballard Commons Park and within walking distance of daily conveniences including QFC, the Seattle Public Library’s Ballard Branch, the Ballard Farmers Market, and Swedish Hospital. This concentration of retail, green space, healthcare, and neighborhood amenities supports strong resident retention and sustained rental demand.
Additionally, the property is zoned LR2(M), which allows for cottage housing, rowhomes, townhomes, or apartment development with no density limit. This flexible zoning framework provides investors with significant long-term redevelopment optionality in a supply-constrained submarket within Seattle.
Located within minutes of Downtown Seattle and major employers such as Amazon Corporate Headquarters, Ballard continues to benefit from strong rent growth and limited new supply. As one of Seattle’s most established and sought-after neighborhoods, Ballard offers investors a rare combination of turnkey stability, premier location, and long-term value preservation