We’re excited to announce the successful acquisition of a 6-unit multifamily property located in the highly desirable Magnolia neighborhood of Seattle. This asset aligns with our ongoing strategy to acquire and reposition properties in core Seattle submarkets with strong fundamentals and long-term growth potential.

Property Highlights:

• Location: Magnolia, Seattle
• Unit Mix: One- and two-bedroom units
• Private in-unit laundry
• Secured access with private balconies/patios
• Built in 1977 | 5,750 rentable SF
• 6 off-street parking spaces
• Individually metered utilities

Investment Highlights:

• Immediate value-add opportunity with 18–20% rent upside through light renovations
• Strong local demand supported by proximity to major employment hubs in South Lake Union, Queen Anne, and Downtown Seattle
• Located in a quiet, residential neighborhood with access to Magnolia Village, Discovery Park, and top-rated schools
• Owned by the original builder’s family, offering significant repositioning potential

We’re proud to add this property to our portfolio and look forward to enhancing its value while contributing to the local community. Thank you to our team and partners for making this acquisition a success.

More updates to come as we begin repositioning this asset.