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.
| MLS # | 2592865 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 24 |
| Listing Provided By | Kidder Mathews | Max Frame |
| SQ Feet | 9,408 |
|---|---|
| Car Port | Yes |
| Story(s) | 3 |
| Units | 2 |
| Zoning | Multi-Family |
| Acreage | 0.23 |
| Property View | Yes |
| Property | 33533 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98107 |
| Area | 705 Ballard | Greenlake |
| Community Name | Ballard |
| Listing VS Median (in Ballard) | |
Price: $3,200,000 low | high Med: $799,000 sqft: 9,408 low | high Med: 1,478 $ / sqft: $340 low | high Med: $541 On site: 24 low | high Med: 11 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98107 |
| Area | 705 Ballard | Greenlake |
| Community Name | Ballard |
| Listing VS Median (in Ballard) | |
Price: $3,200,000 low | high Med: $799,000 sqft: 9,408 low | high Med: 1,478 $ / sqft: $340 low | high Med: $541 On site: 24 low | high Med: 11 | |
![]() | $2,600,0005920 24th AvenueSeattle, WA 98107 |