Property Details

Situated in one of West Seattle's most community-oriented pockets, Edric Apartments offers the kind of everyday livability and lifestyle that continues to attract and retain quality tenants. Residents are steps from multiple parks minutes from Westwood Village Shopping Center and a short drive to the famous Alki Beach, California Avenue, and the West Seattle Ferry. At the same time, proximity to SeaTac Airport and Downtown Seattle, with its concentration of major employers, means Edric Apartments draws from a deep and durable renter pool.The property, built in 2021, was completed with the highest standards in mind. A total of 32 oversized one- and two-bedroom floorplans, averaging over 800 SF, set the property apart from the broader submarket, while interior finishes—including LVP flooring, stainless steel appliances, and shaker-style cabinetry—deliver a modern, high-end feel. Building amenities like covered parking, full-size in-unit washers and dryers, a courtyard, and bike storage further elevate the resident experience.The operations supporting Edric Apartments make this offering even more compelling. The property consistently runs ahead of the submarket, supported by a diverse income base that far exceeds base rent. The surrounding market has seen meaningful growth since 2021, and in-place rents are just a fraction of average household income. Parking, storage, and RUBS contribute additional monthly income, creating a clear and credible path to continued upside.For investors seeking a stabilized, income-producing asset in a market with proven demand, Edric Apartments presents a rare combination of quality, location, and growth potential.