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exclusively offered by berkadia seattle
15 Units + Four Commercial Spaces with Upside in West Seattle
9025 35th Ave SW Seattle, WA 98126
highlights
$4.025M
Price
total units
19
residential units
15
year renovated
year built
1965
investment highlights
Well-Maintained with Upside: Six of the units are in classic condition, providing new ownership the opportunity to complete renovations and capitalize on projected market and post-renovation cap rates of 5.93% and 6.42%, respectively.
Historically High Occupancy: The Westwood currently maintains a 100% occupancy rate, indicating strong rental demand and stable rental income; average occupancy for the submarket reached 95.6% as of Q1 2025, up 170 basis points year-over-year.
Strong Submarket Fundamentals: Since 2020, the submarket’s effective rent has increased 19% and is projected to reach $2,116 by year-end, with an annual growth of 2.4%.
Well-Maintained Value-Add Opportunity
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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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.
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
Mixed-Use Income: The Westwood offers diverse revenue streams as a mixed-use investment, featuring 10 one-bedroom and five two-bedroom units averaging 715 square feet, along with four commercial units on site.
commercial units
4
1990
properties
2
year built
1973 & 1977