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exclusively offered by berkadia seattle
Five Well-Maintained Townhomes in North Seattle with Significant Upside
1220 N 137th St, Seattle, WA 98133
highlights
$1.45M
Price
total units
5
built
1973
renovated cap
market cap
5.41%
investment highlights
Ideal Unit Mix: The property features five townhome-style units, including four 2-bed/1.5-bath units and one 1-bed/1-bath unit, averaging 1,008 square feet; amenities include semi-private fenced outdoor spaces, common laundry facilities, large storage room, and a 2:1 parking ratio.
Pivot Point Location: Located between Highway 99 and Interstate 5, Brighton Townhomes offers convenient access to both downtown Seattle, Bellevue, and the Seattle-Tacoma International Airport.
Proximity to Major Employers: Interstate 5 provides direct access to the region’s major employers, including the University of Washington, Amazon, Boeing, Google, Apple, Expedia, and Meta.
Strategic Position in a Strong Submarket
contact us to learn more
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
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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
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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.
contact us to learn more
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
Senior Director 206.484.8114 brandon.lawler@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
Senior Director 206.491.2008 chad.blenz@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
Managing Director 206.999.3206 jay.timpani@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
Managing Director 425.269.3826 steven.chattin@berkadia.com
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Value-Add Opportunity: Brighton Townhomes is well-maintained property with no deferred maintenance, offering new ownership the chance to renovate interiors and capitalize on 15% rent premiums; additional income can be generated by installing washers and dryers in all units and converting the current laundry and storage room into an additional 1-bed/1-bath unit at 600 square feet.
renovated
1995
5.93%
Transit Access: The nearest bus stop is a short 5-minute walk from the property, offering frequent service to downtown Seattle via the RapidRide E Line.
Strong Submarket Fundamentals: As of Q2 2025, the average effective rent in the North Seattle submarket is $1,926 per month, representing a 180-basis point growth year-over-year; similar occupancy rose 1.8% over the same span to 95.9%
Significant Cap Ex Invested: Current ownership has invested significant capex in recent years, including a roof replacement in 2024.
Market cap rate
6.78%
properties
2
built
1973
renovated
1995
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