CBRE Facilitates $95M Sale of 8th + Republican Apartments in Seattle
CBRE brokered the sale of 8th + Republican Apartments, a 211-unit mid-rise multifamily community located at 430 8th Ave N in Seattle’s South Lake Union neighborhood. The property was acquired by a confidential institutional investor for $94.85 million.
CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper represented the confidential seller. Completed in 2016, 8th + Republican is strategically positioned in the heart of South Lake Union, within walking distance to the headquarters and major offices of some of the area’s largest employers. It’s also surrounded by a mix of restaurants, retail, and nightlife.
“This sale underscores the strength of Seattle’s multifamily fundamentals and investor appetite for ultra-core locations,” said Yamamoto. “With strong projected rent growth and enduring demand drivers, the asset is well-positioned for long-term performance.” According to CBRE Research, this transaction is one of the highest prices per unit achieved for mid-rise product in Seattle in 2025.
Photo credit: Kevin Scott
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout