2418 NW 58th St

$5,300,000
Price
—
Beds
2
Baths
12,581 Sq. Ft.
$421 / Sq. Ft.
12,581
Sq. Ft.
$421
per Sq. Ft.

Description

Built in 2015, 2418 Ballard offers immediate rental upside with rents ~13% below market. Priced at $5.3M ($126K/unit), recent leases show 10% rent growth. Prime Ballard location just three blocks from Market St and 24th Ave with easy access to downtown. Features 42 efficient micro units averaging 196 SF with modern finishes and kitchenettes (varies by unit). Amenities include communal kitchens, rooftop deck, garden, laundry, and high-speed internet. Walk Score 97, near future Ballard Station (2039).Built in 2015, 2418 Ballard offers immediate rental upside with rents ~13% below market. Priced at $5.3M ($126K/unit), recent leases show 10% rent growth. Prime Ballard location just three blocks from Market St and 24th Ave with easy access to downtown. Features 42 efficient micro units averaging 196 SF with modern finishes and kitchenettes (varies by unit). Amenities include communal kitchens, rooftop deck, garden, laundry, and high-speed internet. Walk Score 97, near future Ballard Station (2039).

Property Details for 2418 Northwest 58th Street

Community Name
Ballard
School District
Seattle
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
10-21-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/10/2025 10:28 AM

Property Details for 2418 Northwest 58th Street

StatusActive
MLS #2447197
Days on Market55
Cumulative Days on Market55
Taxes$45,082 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2015
Lot Size0.11 AC / 4,650 SF
CountyKing County
Buyer's Agent Compensation1.5%

Location

Listing Courtesy of Compass
Add your commute

Building Information for 2418 Northwest 58th Street

Stories4Residences2Year Built2015Building Size-Lot Size0.11 AC / 4,650 SF

Payment Calculator

$29,946 per month

30 year fixed, 6.28% Interest

Principal and Interest

$26,189

Property Taxes

$3,757

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2418 Northwest 58th Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 705 - Ballard/Greenlake
  • Directions: GPS works
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: 90%+ High Efficiency
Exterior Features
  • Exterior: See Remarks
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 13046
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • MLS Square Footage Source: Tax
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 6
Lot Information
  • Lot Size Source: Tax
  • Parcel Number Free Text: 276604045
  • Calculated Square Footage: 12581
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 12581.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 4
  • Vacancy Rate: 5
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 42
Financing / Income and Expenses
  • Electric Expense: $13,046
  • Total Expenses: 238448
  • Gross Adjusted Income: 429243
  • Gross Rent Multiplier: 11.73
  • Gross Scheduled Income: $451,835
  • Insurance Expense: $14,087
  • Net Operating Income: $260,183
  • Other Expenses: $140,141
  • Total Monthly Income: 44066
  • Fuel Expense: $13,046
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: false
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 191
  • Rent Unit 1: $920.00
  • Bedrooms Unit 1: 0
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: false
  • Refrigerator Unit 2: false
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 219
  • Rent Unit 2: $880.00
  • Bedrooms Unit 2: 0
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 8211.0

Property History for 2418 Northwest 58th Street

DateEvent & SourcePriceAppreciation
Oct 21, 2025

Listed (Active)

NWMLS #2447197

$5,300,000—
Jan 29, 2014

Sold (Public Record)

Public Record #405449886

$650,000—
DateEvent & SourcePrice
10/21/2025

Listed (Active)

NWMLS #2447197

$5,300,000
01/29/2014

Sold (Public Record)

Public Record #405449886

$650,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2418 Northwest 58th Street

Taxable ValueLand$1,116,000Additions$3,850,000Total$4,966,000
Tax Record2024$43,044 ($3,587 / month)
Home Facts
Total Finished SqFt6,762 SqFtAbove Ground SqFt6,762 SqFtStories4Lot Size4,650 SqFtStyleMiscellaneous CommercialYear Built2015ZoningLR3 (M)CountyKINGAPN276760-4045

Schools near 2418 Northwest 58th Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Adams Elementary School
PublicK to 5

Whitman Middle School
Public6 to 8

Ballard High School
Public9 to 12

Salmon Bay School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

2418 Northwest 58th Street is a multi-family home for sale in Seattle, WA 98107. This property was listed for sale on October 21, 2025 by Compass, it's currently listed at $5,300,000. It has been on the market for a total of 55 days and was last sold on January 29, 2014. This listing's school district is Seattle Public Schools. Nearby schools include Adams Elementary School, Whitman Middle School and Ballard High School. 2418 Northwest 58th Street is a 0-bed, 2-bath, 12,581 sqft multi-family home built in 2015.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 08:16 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.