Washington State Apartment Buildings

Washington State Apartment Buildings for Sale

There is a strong market for Washington State apartment buildings. With current interest rates in the 4% range, multi-family investors have great buying power. While low interest rates are great news for buyers, they are better news for sellers as the market cap rates are down, resulting in higher asking and sales prices.

$900000
Status: Pending

1418 NW 70th Street

1418, 70th St, Seattle, WA  98117
  • Available SQ. FT. 1946
  • Building SQ. FT. 1946
  • Cap Rate:
  • LOT SQ. FT. 2875
  • Year Built: 1926
  • CBA #: 676119
$2100000
Status: Pending

Ballard Seven

2028, 58th St, Seattle, WA  98107
  • Available SQ. FT. 4679
  • Building SQ. FT. 4679
  • Cap Rate: 4.64
  • LOT SQ. FT. 4792
  • Year Built: 1976
  • CBA #: 676091
$799000
Status: Pending

2223 Wetmore Avenue

2223, Wetmore Ave, Everett, WA  98201
  • Available SQ. FT. 3624
  • Building SQ. FT. 3624
  • Cap Rate: 4.50
  • LOT SQ. FT. 4356
  • Year Built: 1901
  • CBA #: 676047
$2795000
Status: Pending

12333 33rd Avenue NE

12333, 33rd Ave, Seattle, WA  98125
  • Available SQ. FT. 9580
  • Building SQ. FT. 10986
  • Cap Rate:
  • LOT SQ. FT. 9900
  • Year Built: 1967
  • CBA #: 676029
$1600000
Status: Pending

1457 22nd Avenue

1457, 22nd Ave, Seattle, WA  98122
  • Available SQ. FT. 7620
  • Building SQ. FT. 5080
  • Cap Rate:
  • LOT SQ. FT. 5097
  • Year Built: 1925
  • CBA #: 675823
$7450000
Status: Pending

Saratoga Townhomes

8020, Mukilteo Speedway, Mukilteo, WA  98275
  • Available SQ. FT. 22800
  • Building SQ. FT. 22800
  • Cap Rate: 5.71
  • LOT SQ. FT. 69260
  • Year Built: 1978
  • CBA #: 675768
$610000
Status: Pending

720 N 25th Court

720, 25 Ct, Pasco, WA  99301
  • Available SQ. FT. 4800
  • Building SQ. FT. 4800
  • Cap Rate:
  • LOT SQ. FT. 12632
  • Year Built: 1979
  • CBA #: 675735
$615000
Status: Pending

120 S Cascade Street

120, Cascade St, Kennewick, WA  99336
  • Available SQ. FT. 3960
  • Building SQ. FT. 3960
  • Cap Rate:
  • LOT SQ. FT. 16509
  • Year Built: 1950
  • CBA #: 675734
$1695000
Status: Pending

Phinney Avenue Fourplex

4202, Phinney Ave, Seattle, WA  98103
  • Available SQ. FT. 3288
  • Building SQ. FT. 3288
  • Cap Rate: 3.63
  • LOT SQ. FT. 6000
  • Year Built: 1910
  • CBA #: 675606
$1600000
Status: Pending

Halcyon Road SW

0, Halcyon Rd, Lakewood, WA  98498
  • Available SQ. FT. 31363
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 31067
  • Year Built:
  • CBA #: 675589
$5000000
Status: Pending

1712 Summit Avenue

1712, Summit Ave, Seattle, WA  98122
  • Available SQ. FT.
  • Building SQ. FT. 20191
  • Cap Rate:
  • LOT SQ. FT. 8320
  • Year Built: 1906
  • CBA #: 674541
$2399000
Status: Pending

Norton Apartments

1201, Pacific Ave, Everett, WA  98201
  • Available SQ. FT. 0
  • Building SQ. FT. 9511
  • Cap Rate:
  • LOT SQ. FT. 14375
  • Year Built: 1894
  • CBA #: 674536
$125000
Status: Pending

Bollinger Building

805, 6th Ave., Lewiston, ID  83501
  • Available SQ. FT.
  • Building SQ. FT. 11456
  • Cap Rate:
  • LOT SQ. FT. 10542
  • Year Built:
  • CBA #: 674420
$5100000
Status: Pending

Samish Court

119, Samish Way, Bellingham, WA  98225
  • Available SQ. FT.
  • Building SQ. FT. 0
  • Cap Rate: 5.01
  • LOT SQ. FT. 132377
  • Year Built: 1960
  • CBA #: 674299
$3900000
Status: Pending

51/15 Ballard Development Site

5011, 15th Ave, Seattle, WA  98107
  • Available SQ. FT.
  • Building SQ. FT. 29220
  • Cap Rate:
  • LOT SQ. FT. 9607
  • Year Built: 2024
  • CBA #: 674298
$950000
Status: Pending

19600 635th Avenue NE

19600, 635th Ave, Gold Bar, WA  98251
  • Available SQ. FT. 0
  • Building SQ. FT. 2744
  • Cap Rate: 5.44
  • LOT SQ. FT. 192971
  • Year Built: 1911
  • CBA #: 674262
$685000
Status: Pending

9025 46th Avenue S

9025, 46th Ave, Seattle, WA  98118
  • Available SQ. FT. 283140000
  • Building SQ. FT. 18060
  • Cap Rate:
  • LOT SQ. FT. 6534
  • Year Built: 2023
  • CBA #: 674245
$1425000
Status: Pending

601 N K Street

601, K St, Tacoma, WA  98403
  • Available SQ. FT. 3840
  • Building SQ. FT. 3840
  • Cap Rate: 7.18
  • LOT SQ. FT. 6490
  • Year Built: 1905
  • CBA #: 674167
$1430000
Status: Pending

3664 Ashworth Avenue N

3664, Ashworth Ave, Seattle, WA  98103
  • Available SQ. FT.
  • Building SQ. FT. 4275
  • Cap Rate:
  • LOT SQ. FT. 5097
  • Year Built: 1959
  • CBA #: 673925
$2675000
Status: Pending

Gilman Apartments

4403, Gilman Ave, Seattle, WA  98199
  • Available SQ. FT.
  • Building SQ. FT. 6080
  • Cap Rate:
  • LOT SQ. FT. 17510
  • Year Built: 1952
  • CBA #: 673850
$1550000
Status: Pending

TBD Warbonnet Dr

0, A Street, Moscow, ID  83843
  • Available SQ. FT. 435600
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 435600
  • Year Built:
  • CBA #: 673727
$1850000
Status: Pending

West Dravus Apartments

7, Dravus St, Seattle, WA  98119
  • Available SQ. FT. 5486
  • Building SQ. FT. 5486
  • Cap Rate: 6.04
  • LOT SQ. FT. 4792
  • Year Built: 1924
  • CBA #: 673677
$139900
Status: Pending

202 South Street

202, St, Centralia, WA  98531
  • Available SQ. FT. 43560
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 43227
  • Year Built:
  • CBA #: 673628
$1200000
Status: Pending

34 S 342nd Place

34, 342nd Pl, Federal Way, WA  98003
  • Available SQ. FT. 3600
  • Building SQ. FT. 3600
  • Cap Rate: 5.13
  • LOT SQ. FT. 12807
  • Year Built: 1979
  • CBA #: 672929
$6250000
Status: Pending

Salish Gardens

142, Arcadia Terrace, Port Townsend, WA  98368
  • Available SQ. FT. 24000
  • Building SQ. FT. 29800
  • Cap Rate:
  • LOT SQ. FT. 214315
  • Year Built: 1997
  • CBA #: 672920
$3000000
Status: Pending

Violet Meadows

11424, A St, Tacoma, WA  98444
  • Available SQ. FT.
  • Building SQ. FT. 12950
  • Cap Rate:
  • LOT SQ. FT. 27443
  • Year Built: 1995
  • CBA #: 672879
$2195000
Status: Pending

2010 N 78th Street

2010, 78th St, Seattle, WA  98103
  • Available SQ. FT. 3700
  • Building SQ. FT. 3740
  • Cap Rate:
  • LOT SQ. FT. 3920
  • Year Built: 1992
  • CBA #: 672810
$0
Status: Pending

Pioneer Tacoma Portfolio

309, 9 St, Tacoma, WA  98402
  • Available SQ. FT. 45048
  • Building SQ. FT. 45048
  • Cap Rate:
  • LOT SQ. FT. 18950
  • Year Built: 1919
  • CBA #: 672808
$1395000
Status: Pending

9108-9110 45th Avenue SW

9110, 45th Ave, Seattle, WA  98136
  • Available SQ. FT.
  • Building SQ. FT. 4400
  • Cap Rate: 2.87
  • LOT SQ. FT. 7841
  • Year Built: 1953
  • CBA #: 672743
$0
Status: Pending

Beverly Heights

618, 75th St, Everett, WA  98203
  • Available SQ. FT. 0
  • Building SQ. FT. 18125
  • Cap Rate:
  • LOT SQ. FT. 29621
  • Year Built: 1969
  • CBA #: 672230
$2639000
Status: Pending

22007 116th Avenue SE

22007, 116th Ave, Kent, WA  98031
  • Available SQ. FT. 274428
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 274428
  • Year Built: 0
  • CBA #: 672181
$500000
Status: Pending

Kent Multi-Family Development Lots

923, Concord St, Kent, WA  98032
  • Available SQ. FT. 33106
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 33751
  • Year Built:
  • CBA #: 672157
$2590000
Status: Pending

Catherine Court

4528, 20th Ave, Seattle, WA  98105
  • Available SQ. FT. 5952
  • Building SQ. FT. 5952
  • Cap Rate: 0.59
  • LOT SQ. FT. 3920
  • Year Built: 1964
  • CBA #: 672144
$1880000
Status: Pending

Rebecca Properties Portfolio

1008, Rebecca St, Spokane, WA  99202
  • Available SQ. FT. 10956
  • Building SQ. FT. 10956
  • Cap Rate:
  • LOT SQ. FT. 28386
  • Year Built: 1940
  • CBA #: 672108
$2550000
Status: Pending

335 Division Street NW

335, Division St, Olympia, WA  98502
  • Available SQ. FT. 10338
  • Building SQ. FT. 10338
  • Cap Rate: 6.14
  • LOT SQ. FT. 36127
  • Year Built: 1947
  • CBA #: 671933
$0
Status: Pending

Bayswater Apartments

2628, Cascade Pl, University Place, WA  98466
  • Available SQ. FT.
  • Building SQ. FT. 22500
  • Cap Rate:
  • LOT SQ. FT. 60984
  • Year Built: 1976
  • CBA #: 671592
$0
Status: Pending

Junction 160

16100, Linden Ave, Seattle, WA  98133
  • Available SQ. FT.
  • Building SQ. FT. 43396
  • Cap Rate:
  • LOT SQ. FT. 59242
  • Year Built: 1979
  • CBA #: 670965
$0
Status: Pending

Auditorium Apartments

605, 5th Ave, Seattle, WA  98109
  • Available SQ. FT. 28960
  • Building SQ. FT. 28960
  • Cap Rate:
  • LOT SQ. FT. 13504
  • Year Built: 1926
  • CBA #: 670940
$625000
Status: Pending

Kittitas Building

116, Main St, Kittitas, WA  98934
  • Available SQ. FT. 4800
  • Building SQ. FT. 4800
  • Cap Rate: 5.61
  • LOT SQ. FT. 10890
  • Year Built: 2008
  • CBA #: 670695
$1350000
Status: Pending

Downtown Marysville Townhomes

95, Quinn Ave, Marysville, WA  98270
  • Available SQ. FT.
  • Building SQ. FT. 4800
  • Cap Rate: 4.53
  • LOT SQ. FT. 9008
  • Year Built: 1979
  • CBA #: 670083
$9000000
Status: Pending

Capitol Hill Portfolio - Summit House, Ellenbert, & Casa Nit

1727, Summit Ave, 915 E Harrison St, & 430 12th Ave, Seattle, WA  98122
  • Available SQ. FT. 38020
  • Building SQ. FT. 87380
  • Cap Rate: 11.36
  • LOT SQ. FT. 41517
  • Year Built: 1925
  • CBA #: 669593
$2350000
Status: Pending

4416 44 Ave SW

4416, 44 Ave, Seattle, WA  98116
  • Available SQ. FT. 4509
  • Building SQ. FT. 6780
  • Cap Rate: 3.59
  • LOT SQ. FT. 6011
  • Year Built: 1994
  • CBA #: 669529
$2750000
Status: Pending

Everett Restaurant

1629, Center Rd, Everett, WA  98204
  • Available SQ. FT.
  • Building SQ. FT. 3950
  • Cap Rate:
  • LOT SQ. FT. 57064
  • Year Built: 1980
  • CBA #: 669087
$3200000
Status: Pending

Multi-Family Development Land

233, 47 St, Garden City, ID  83714
  • Available SQ. FT. 89734
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 89974
  • Year Built:
  • CBA #: 668870
$1150000
Status: Pending

Highland Park Fourplex

8836, 9th Ave, Seattle, WA  98106
  • Available SQ. FT.
  • Building SQ. FT. 2696
  • Cap Rate:
  • LOT SQ. FT. 4792
  • Year Built: 1980
  • CBA #: 668839
$4200000
Status: Pending

The Cedars

4410, 176th St, Lynnwood, WA  98037
  • Available SQ. FT. 12110
  • Building SQ. FT. 12480
  • Cap Rate:
  • LOT SQ. FT. 30492
  • Year Built: 1967
  • CBA #: 668637
$3650000
Status: Pending

1314 Maple

1314, Maple St, Sumner, WA  98390
  • Available SQ. FT.
  • Building SQ. FT. 9603
  • Cap Rate: 5.35
  • LOT SQ. FT. 13504
  • Year Built: 1924
  • CBA #: 668622
$4400000
Status: Pending

78th Street Apartments

2008, 78th St, Seattle, WA  98103
  • Available SQ. FT. 7700
  • Building SQ. FT. 7700
  • Cap Rate: 3.69
  • LOT SQ. FT. 4992
  • Year Built: 1955
  • CBA #: 667888
$1090000
Status: Pending

25 North Airport Road

25, Airport Rd, Deer Park, WA  99006
  • Available SQ. FT. 6276
  • Building SQ. FT. 6276
  • Cap Rate:
  • LOT SQ. FT. 29621
  • Year Built: 1995
  • CBA #: 667599
$1000000
Status: Pending

W 10th & W 12th Avenue

0, 10th & 12th Ave, Airway Heights, WA  99001
  • Available SQ. FT. 203425
  • Building SQ. FT. 132392
  • Cap Rate: 129.87
  • LOT SQ. FT. 203309
  • Year Built:
  • CBA #: 667521
$2250000
Status: Pending

Ash Creek Apartments

1420, 112th St, Tacoma, WA  98444
  • Available SQ. FT.
  • Building SQ. FT. 8177
  • Cap Rate:
  • LOT SQ. FT. 99317
  • Year Built: 1954
  • CBA #: 666984
$0
Status: Pending

NE 185th Street Land

0, 185th St, Woodinville, WA  
  • Available SQ. FT. 480902
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 481120
  • Year Built:
  • CBA #: 666919
$0
Status: Pending

3701 Highway 16

3701, Hwy 16, Eagle, ID  83616
  • Available SQ. FT. 1132560
  • Building SQ. FT. 3201
  • Cap Rate:
  • LOT SQ. FT. 701316
  • Year Built: 1974
  • CBA #: 666167
$475000
Status: Pending

Townhomes at Fern Hill

8839, Pacific Ave, Tacoma, WA  98444
  • Available SQ. FT.
  • Building SQ. FT. 23634
  • Cap Rate:
  • LOT SQ. FT. 23240
  • Year Built:
  • CBA #: 664713
$395000
Status: Pending

212xx Cypress Way

212, Cypress Way, Lynnwood, WA  98036
  • Available SQ. FT. 298822
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 300358
  • Year Built:
  • CBA #: 664284
$2100000
Status: Pending

800 Front Street S

800, Front St, Issaquah, WA  98027
  • Available SQ. FT.
  • Building SQ. FT. 960
  • Cap Rate:
  • LOT SQ. FT. 30492
  • Year Built: 1954
  • CBA #: 662360
$2034000
Status: Pending

Mixed Use Development Site

451, Bakerview Rd, Bellingham, WA  98226
  • Available SQ. FT.
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 98446
  • Year Built: 0
  • CBA #: 660512
$1599000
Status: Pending

140th Street Southwest Townhomes

827, 140th St, Lynnwood, WA  98087
  • Available SQ. FT. 65340
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 65340
  • Year Built: 2019
  • CBA #: 660439
$2500000
Status: Pending

5717 186th Place SW

5717, 186 Pl, Lynnwood, WA  98037
  • Available SQ. FT. 64904
  • Building SQ. FT. 886
  • Cap Rate:
  • LOT SQ. FT. 64904
  • Year Built: 1955
  • CBA #: 659021
$3200000
Status: Pending

16535 Aurora Avenue N

16535, Aurora Ave, Shoreline, WA  98133
  • Available SQ. FT.
  • Building SQ. FT. 8857
  • Cap Rate:
  • LOT SQ. FT. 38638
  • Year Built: 1961
  • CBA #: 654149
$2000000
Status: Pending

Veteran's Village Land

419, 208th Street, Spanaway, WA  98387
  • Available SQ. FT. 242884
  • Building SQ. FT. 1710
  • Cap Rate:
  • LOT SQ. FT. 242629
  • Year Built: 1900
  • CBA #: 653609
$1450000
Status: Pending

927 NW 57th Street

929, 57th St, Seattle, WA  98107
  • Available SQ. FT. 2040
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 5000
  • Year Built: 2021
  • CBA #: 653117
$4000000
Status: Pending

2110 1st Avenue North

2110, 1st Ave, Seattle, WA  98109
  • Available SQ. FT. 16003
  • Building SQ. FT. 29703
  • Cap Rate:
  • LOT SQ. FT. 15987
  • Year Built: 1923
  • CBA #: 652787
$10000000
Status: Pending

2729 2nd Avenue

2729, 2nd Ave, Seattle, WA  98121
  • Available SQ. FT. 12960
  • Building SQ. FT. 6096
  • Cap Rate:
  • LOT SQ. FT. 12981
  • Year Built: 1948
  • CBA #: 651773
$0
Status: Pending

Tacoma Development Site

1555, Tacoma Ave, Tacoma, WA  98402
  • Available SQ. FT.
  • Building SQ. FT. 61413
  • Cap Rate:
  • LOT SQ. FT. 10890
  • Year Built:
  • CBA #: 650042
$2300000
Status: Pending

2 & 10 E Main

2, Main, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 14700
  • Cap Rate:
  • LOT SQ. FT. 10019
  • Year Built: 1909
  • CBA #: 648862
$3485000
Status: Pending

Northgate 100

11548, Pinehurst Way, Seattle, WA  98125
  • Available SQ. FT.
  • Building SQ. FT. 6318
  • Cap Rate: 4.17
  • LOT SQ. FT. 18929
  • Year Built: 1996
  • CBA #: 644451
$798000
Status: Pending

Meridian Park Development Site

1815, 185th St, Shoreline, WA  98133
  • Available SQ. FT.
  • Building SQ. FT. 880
  • Cap Rate:
  • LOT SQ. FT. 9570
  • Year Built: 1919
  • CBA #: 643750
$2400000
Status: Pending

Meeker Street Site

1637, Meeker St, Kent, WA  98032
  • Available SQ. FT.
  • Building SQ. FT. 3920
  • Cap Rate:
  • LOT SQ. FT. 62987
  • Year Built: 1965
  • CBA #: 637268
$5000000
Status: Pending

306 24th Avenue S

306, 24th Ave, Seattle, WA  98144
  • Available SQ. FT.
  • Building SQ. FT. 13545
  • Cap Rate:
  • LOT SQ. FT. 16988
  • Year Built: 1925
  • CBA #: 589927
$3213850
Status: Pending

Armstrong Celebration Park Land

33005, 15th Ave, Federal Way, WA  98003
  • Available SQ. FT.
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 189050
  • Year Built:
  • CBA #: 582472
$1500000
Status: Available

1857 NW 195 St

1857, 195 St, Shoreline, WA  98177
  • Available SQ. FT. 1240
  • Building SQ. FT. 1240
  • Cap Rate:
  • LOT SQ. FT. 15507
  • Year Built: 1958
  • CBA #: 678895
$0
Status: Available

564 NE Ravenna Blvd

564, Ravenna Blvd, Seattle, WA  98115
  • Available SQ. FT.
  • Building SQ. FT. 24636
  • Cap Rate:
  • LOT SQ. FT. 20898
  • Year Built: 1918
  • CBA #: 678882
$1995000
Status: Available

Lago Apartments at Leschi

3000, Spruce St, Seattle, WA  98122
  • Available SQ. FT. 5850
  • Building SQ. FT. 4752
  • Cap Rate:
  • LOT SQ. FT. 5000
  • Year Built: 1963
  • CBA #: 678880
$5850000
Status: Available

Parkside

215, G St, Tacoma, WA  98405
  • Available SQ. FT.
  • Building SQ. FT. 22434
  • Cap Rate:
  • LOT SQ. FT. 9000
  • Year Built: 1907
  • CBA #: 678837
$1500000
Status: Available

214 Mashell Avenue S

214, Mashell Ave, Eatonville, WA  98328
  • Available SQ. FT. 7978
  • Building SQ. FT. 7978
  • Cap Rate:
  • LOT SQ. FT. 35109
  • Year Built: 1982
  • CBA #: 678827
$2850000
Status: Available

7001-7011 15th Avenue NW

7001, 15th Ave, Seattle, WA  98117
  • Available SQ. FT. 13127
  • Building SQ. FT. 53451
  • Cap Rate:
  • LOT SQ. FT. 13138
  • Year Built: 2024
  • CBA #: 678740
$3525000
Status: Available

Highland Apartments

1222, Highland Ave, Clarkston, WA  99403
  • Available SQ. FT. 3616
  • Building SQ. FT. 3616
  • Cap Rate:
  • LOT SQ. FT. 101059
  • Year Built:
  • CBA #: 678730
$1010000
Status: Available

Chestnut Apartments

1108, Chestnut St, Clarkston, WA  99403
  • Available SQ. FT.
  • Building SQ. FT. 7720
  • Cap Rate:
  • LOT SQ. FT. 10890
  • Year Built: 0
  • CBA #: 678718
$28 /Sq. Ft.
Status: Available

Stadium Place

145, King St, Seattle, WA  98134
  • Available SQ. FT. 1160
  • Building SQ. FT. 578250
  • Cap Rate:
  • LOT SQ. FT. 103237
  • Year Built: 2014
  • CBA #: 678690
$0
Status: Available

Hawthorne

1618, Bellevue Ave, Seattle, WA  98122
  • Available SQ. FT.
  • Building SQ. FT. 104452
  • Cap Rate:
  • LOT SQ. FT. 16086
  • Year Built: 2001
  • CBA #: 678683
$850000
Status: Available

6400 Pacific Avenue

6400, Pacific Ave, Tacoma, WA  98408
  • Available SQ. FT. 17250
  • Building SQ. FT. 6721
  • Cap Rate:
  • LOT SQ. FT. 16988
  • Year Built: 1946
  • CBA #: 678641
$1095000
Status: Available

5610 S M Street

5610, M St, Tacoma, WA  98408
  • Available SQ. FT. 2683
  • Building SQ. FT. 2683
  • Cap Rate: 4.65
  • LOT SQ. FT. 6011
  • Year Built: 1978
  • CBA #: 678640
$5200000
Status: Available

The Lookout

755, Bellevue Ave, Seattle, WA  98102
  • Available SQ. FT. 9583
  • Building SQ. FT. 4233
  • Cap Rate:
  • LOT SQ. FT. 9583
  • Year Built: 1933
  • CBA #: 678637
$1950000
Status: Available

Brookside Apartments

12032, 32nd Ave, Seattle, WA  98125
  • Available SQ. FT.
  • Building SQ. FT. 5753
  • Cap Rate: 2.39
  • LOT SQ. FT. 6534
  • Year Built: 1965
  • CBA #: 678635
$2950000
Status: Available

Hosea Apartments

12011, 32nd Ave, Seattle, WA  98125
  • Available SQ. FT.
  • Building SQ. FT. 8880
  • Cap Rate: 5.00
  • LOT SQ. FT. 9148
  • Year Built: 1965
  • CBA #: 678613
$2695000
Status: Available

Alligator Soul - Former Petosa

3121, Broadway, Everett, WA  98201
  • Available SQ. FT. 0
  • Building SQ. FT. 13102
  • Cap Rate:
  • LOT SQ. FT. 18295
  • Year Built: 1957
  • CBA #: 678612
$2250000
Status: Available

The Aloha House

2460, Northgate Way, Seattle, WA  98125
  • Available SQ. FT.
  • Building SQ. FT. 5800
  • Cap Rate: 6.03
  • LOT SQ. FT. 8000
  • Year Built: 1962
  • CBA #: 678607
$32 /Sq. Ft.
Status: Available

Valley Apartments

1141, Martin Luther King Junior Way, Seattle, WA  98122
  • Available SQ. FT. 1120
  • Building SQ. FT. 38644
  • Cap Rate:
  • LOT SQ. FT. 14268
  • Year Built: 2018
  • CBA #: 678603
$895000
Status: Available

418 E Mission

418, Mission Ave, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 6000
  • Cap Rate:
  • LOT SQ. FT. 6970
  • Year Built: 1905
  • CBA #: 678548
$0
Status: Available

205 W 38th St

205, 38th St, Garden City, ID  83714
  • Available SQ. FT. 117612
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 50094
  • Year Built: 1948
  • CBA #: 678533
$0
Status: Available

12548 W Overland Road

12548, Overland Rd, Boise, ID  83709
  • Available SQ. FT. 236095
  • Building SQ. FT. 3200
  • Cap Rate:
  • LOT SQ. FT. 236095
  • Year Built: 1977
  • CBA #: 678525
$515000
Status: Available

203 - 207 N 38th Avenue

203, 38th Ave, Yakima, WA  98902
  • Available SQ. FT. 3192
  • Building SQ. FT. 3192
  • Cap Rate: 3.19
  • LOT SQ. FT. 13939
  • Year Built: 1974
  • CBA #: 678515
$16000000
Status: Available

Timberlawn Apartments

15850, 40th St, Redmond, WA  98052
  • Available SQ. FT. 0
  • Building SQ. FT. 44808
  • Cap Rate:
  • LOT SQ. FT. 97399
  • Year Built: 1987
  • CBA #: 678513
$1375000
Status: Available

Rosada Apartments

1132, 19th Ave, Seattle, WA  98122
  • Available SQ. FT.
  • Building SQ. FT. 4806
  • Cap Rate: 4.22
  • LOT SQ. FT. 4792
  • Year Built: 1922
  • CBA #: 678493
$2988000
Status: Available

11358 W Clearwater Avenue

11292, Clearwater Ave, Kennewick, WA  99336
  • Available SQ. FT.
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 619859
  • Year Built:
  • CBA #: 678468
$4850000
Status: Available

715 N Nob Hill Avenue

715, Nob Hill Ave, Seattle, WA  98109
  • Available SQ. FT. 8811
  • Building SQ. FT. 10148
  • Cap Rate:
  • LOT SQ. FT. 7680
  • Year Built: 1974
  • CBA #: 678435
$534500
Status: Available

15529 - 15531 Grant Avenue SW

15529, Grant Ave, Lakewood, WA  98498
  • Available SQ. FT.
  • Building SQ. FT. 1480
  • Cap Rate: 2.74
  • LOT SQ. FT. 13983
  • Year Built: 1910
  • CBA #: 678390
$0
Status: Available

TBD S 2nd Ave

2211, 2nd Ave, Pocatello, ID  83201
  • Available SQ. FT. 133212
  • Building SQ. FT. 133212
  • Cap Rate:
  • LOT SQ. FT. 271814
  • Year Built:
  • CBA #: 678363

Washington State Apartment Buildings

The market for Washington State apartments buildings for sale has never been stronger. Why is the market for Washington State Apartment buildings strong? Low interest rates are one of the key factors that have led to the continued market strength. Over the last 30 years mortgage interest rates have ranged from 4% to over 16%. Currently, the average interest rates for multi-family financing are in the low 4%. In addition to low interest rates, market volatility in other asset classes has led to strength in the market for apartment buildings.

Multi-family has been considered one of the lowest risk asset classes for decades and the pandemic has only magnified the disparity in risk. The office building market has concerns over the work from home movement and general pullback in office demand from large businesses. The retail asset class has been sliding backwards for several years due to the impact of online retail sales. The industrial market is the asset class that is currently taking second place to multi-family. The reason that multi-family markets remain the safest best is due to the fact that all people need a place to live. When the economy is strong, people tend to be gaining better jobs and renting nicer apartment units. When the economy is weak, people tend to pull back. In extreme cases, people lose their homes and rent apartments. Regardless of economic conditions, there is always a market for Washington State apartment buildings. What are the current factors that are causing the market to be stronger than usual?

Due to the easy access to low interest capital, the market cap rates for Washington State apartment buildings for sale and recently sold have ranged from 3% to 6% depending on the the location, age, and other factors. When all the factors are added up, the reasons the Washington State apartment building market is strong is clear. Low interest rates allow for lower payments from investors, which leads to more buying power. More buying power leads to more buyers. Low interest rates leads to higher prices.

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