Seattle Apartments Fetch $17M-Plus in First Time on Market

Seattle Apartments Fetch $17M-Plus in First Time on Market
News| June 4, 2025| Paul Bubny
Seattle & Northwest + Apartment Buildings

Marcus & Millichap closed the sale of The Saint Theodore on Roosevelt, a 47-unit apartment property located in Seattle. The sale price was $17,475,000.

Jake Morse, Ryan Dinius, and Sidney Warsinske, investment specialists in Marcus & Millichap’s Seattle office, marketed the property on behalf of the seller, a limited liability company.  The buyer, a limited liability company, was secured and represented by Morse, Dinius and Warsinske,  

“Our team was engaged by the original developer to bring this property to market for the first time,” said Morse. “Over a focused three-week marketing campaign, we conducted 23 tours, received 10 offers, and ultimately selected an all-cash, out-of-state buyer who closed the deal in just 42 days from contract to close.”

Located at 6410 9th Ave NE in Seattle, The Saint Theodore on Roosevelt was built in 1999, with a mix of one-, two- and three-bedroom units averaging 930 square feet.

Other News

Trademark, Morgan Advancing 362-Unit Oak Lawn Rental Community

Texas + Apartment Buildings

Trademark Property Company and Morgan broke ground yesterday on a 362-unit Class A multifamily community at 3900 Lemmon Avenue in Dallas’ Oak Lawn neighborhood, adjacent to Turtle Creek. The first residences are expected to be completed in fall 2028, with full delivery in the second quarter of 2029. Costs for the project are estimated at $100...

Learn more

CP Group-Led Team Buys Massive Boca Raton Mixed-Use Project

Florida & Gulf Coast + Apartment Buildings

CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller. The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park...

Learn more

Greystar, Vantage Acquire Chamblee Property for 340-Unit Multifamily Community

Atlanta & Southeast + Apartment Buildings

Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up