1520 13th Ave Dev Site

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exclusively offered by berkadia seattle

120 Proposed Units + Retail Site in Seattle’s Capitol Hill

1520 13th Ave Seattle, WA 98122

highlights

$12M

Price

proposed units

120

properties

lot size

retail nrsf

5,225

investmenthighlights

Prime Urban Living: The proposed development features a seven-story, 120-unit apartment complex with below-grade parking and street-level commercial spaces; proposed units average 702 square feet, complimented by 5,225 square feet of commercial and retail space.

Exceptional Connectivity: Residents will enjoy seamless access to the Central Business District, Downtown Seattle, and South Lake Union with an exceptional Walk Score of 99 and a Transit Score of 81.

Proximity to Major Employers: A short bus or bike ride connects residents to Seattle’s largest tech employers, including Amazon, Apple, Fred Hutchinson Cancer Center, Swedish Medical Center, the Gates Foundation, and more.

Strong Income Demographics: Within a one-mile radius, 76% of residents hold a bachelor’s degree or higher, compared to 45% in the Seattle metro area; average household income is projected to surpass $208,000 annually by 2029.

Mitchell Belcher

Managing Director425.891.9594mitchell.belcher@berkadia.com

Steven chattin

Managing Director425.269.3826steven.chattin@berkadia.com

jay timpani

Managing Director206.999.3206jay.timpani@berkadia.com

chad blenz

Senior Director206.491.2008chad.blenz@berkadia.com

brandon lawler

Senior Director206.484.8114brandon.lawler@berkadia.com

offices in bellevue & seattle

bellevue

411 108th Avenue NE Suite 1080 Bellevue, WA 98004 206.521.7220

seattle

601 Union Street Suite 3909 Seattle, WA 98101 206.521.7220

Privacy

overview

deal room

contact

listings

Market cap rate

6.78%

year built

1925

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada. © 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

brandon lawler

Senior Director206.484.8114brandon.lawler@berkadia.com

chad blenz

Senior Director206.491.2008chad.blenz@berkadia.com

jay timpani

Managing Director206.999.3206jay.timpani@berkadia.com

Steven chattin

Managing Director425.269.3826steven.chattin@berkadia.com

Mitchell Belcher

Managing Director425.891.9594mitchell.belcher@berkadia.com

Strategic Redevelopment Opportunity: This offering includes 22,800 square feet across three parcels in one of Seattle’s most sought-after neighborhoods, known for its lively dining, shopping, and entertainment scene.

Life of Convenience: The property sits within walking distance of Seattle’s expanding Light Rail, the Seattle University campus, Broadway Market, Seattle Public Library, grocery stores, and Capitol Hill’s popular nightlife and restaurant scene.

proposed building size

119,900GSF

22,800SF

year built

1973 & 1977