This opportunity includes two mixed-use properties totaling 13 apartment units and three ground-floor retail spaces. The assets can be purchased together as a portfolio or individually.

The two properties combine multifamily and retail income, creating a balanced revenue mix supported by both residential and commercial tenants.

The portfolio offers a combined trailing 12-month cap rate of 8.20%, providing strong day-one cash flow from existing operations.

Since 2021, ownership has invested more than $165,000 in property improvements, helping reduce near-term capital needs for a new owner.

A new owner can complete renovations on the three remaining unrenovated units and continue moving rents toward market levels, creating further upside.

The properties’ location benefits from a healthy 94.3% occupancy, projected rent growth, and a large renter base. With homeownership costs well above market rent, the submarket is well positioned for continued renter demand.

Both properties offer convenient access to some of South King County’s top shopping, dining, and entertainment destinations, including Emerald Downs, Kent Station, Accesso ShoWare Center, and The Outlet Collection Seattle.