Property Details

1307 N Northgate Way

Seattle, WA 98133

$2,495,000

Available

CBA# 712391 courtesy of CBA Listing firm: Cushman & Wakefield

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Commercial

Property Type

5,848

Bldg Sq Ft

Units

3.00%

Cap Rate

2018

Year Built

Property Overview

We are pleased to present an exclusive opportunity to acquire Cubix Northgate, a 16-unit 2019 construction multifamily asset in Seattle’s Northgate neighborhood. The building boasts highly efficient units at a price point affordable for those in the 50-60% range of Seattle’s 2026 published area median income levels. The building is being offered below replacement costs and can serve as a great first-time investment or 1031 exchange property for those seeking a turn-key apartment asset in Seattle with no long-term capital expenditures need. The property is half a mile from Northgate station which has undergone a major revitalization with the new transit stop, Kraken practice facility, and retail amenities alike.