618 NW 58th Street, Seattle, WA 98107
- $1,200,000
- 2,460
- SqFt
Listing courtesy of Windermere Real Estate/HLC.
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2573993
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Fixer
- Finished SqFt
- 2,460
- Area Total SqFt
- 2460
- Annual Tax Ammount
- 8912
- Internet Provider
- Century Link
- Lot Size (sq ft)
- 5,076
- Sewer
- Sewer Connected
Property Description
INVESTOR ALERT! Legal Duplex in the heart of Ballard. Potential to add second Stacked Duplex or DADU to the site while keeping the existing Legal Duplex. This site has the potential for 4 Single Family Townhomes, or - consider a Stacked Condo Development which could yield as many as 8 units using 2.0 FAR for qualifying NR stacked-flat projects, which on roughly 5,000 SF lot could mean 10,000 SF of maximum floor area before applying all the other site constraints. Potential for middle-housing redevelopment including attached/detached homes and higher-density stacked-flat development; buyer to verify all information to their own satisfaction.
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Additional Information
- List Date
- 2026-08-26 03:28:11
- Community
- Ballard
- Net Operating Income
- $46,528
- Gross Adjusted Income
- $46,528
- Gross Scheduled Income
- $60,000
- Total Monthly Income
- $5,000
- Insurance Expenses
- $1,200
- Water/Sewer/Garbage Expenses
- $3,360
- Gross Rent Multiplier
- 25.8
- Total Expenses
- $13,472
- Cap Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 618
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1910
- View
- Territorial
- Roof
- Composition
- Site Features
- Outbuildings
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- West Woodland
- Middle School
- Hamilton Mid
- High School
- Ballard High
- Total Monthly Income
- $5,000
- Gross Scheduled Income
- $60,000
- Gross Adjusted Income
- $46,528
- Tax Year
- 2026
- Insurance Expense
- $1,200
- W/S/G Expenses
- $3,360
- Total Expenses
- $13,472
- Net Operating Income
- $46,528
- Gross Rent Multiplier
- 25.8
- Cap Rate
- 4
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.