Completed in 2024 and now fully stabilized in Seattle’s Greenwood neighborhood, Viewland offers 51 residential units with an average size of 645 square feet, including eight studios, 36 one-bedroom units, three live/work units, and four two-bedroom/two-bath units.

Assumable $5 million loan available through Amazon with a 4% fixed interest rate, and full-term IO for 20 years remaining; structured debt options offer up to 82% LTV with a blended interest rate of ~4.6%.

Viewland offers 24 secured underground parking spaces, a valuable amenity in an urban neighborhood with limited off-street parking. Parking generates almost $40,000 annually in supplemental income. Viewland is the only post-2020 asset of this scale with attached parking within a one-mile radius.

Strong Historical Rent & Income Growth: King County’s five-year AMI growth has maintained an average of 6.9% annually since 2020, correlating to maximum allowable LIHTC rent growth averaging 5.76% over the same span, significantly outpacing market rent growth in the region.

Community amenities include a rooftop deck and barbecue, private fitness room, and underground parking. In-unit amenities include eco-friendly stainless-steel appliances, walk-out balconies, quartz countertops, and custom cabinetry, premium features that offer a competitive advantage on leasing activity in a submarket supported by positive net absorption projected through 2026.

Viewland provides a property tax exemption on improvements through participation in Amazon’s affordable housing agreement, receiving a nearly 90% reduction in property taxes for the useful life of the asset (99 years).

The property provides quick access to Highway 99 and I-5, connecting residents to Downtown Seattle, South Lake Union, the University District, and the Eastside. This accessibility appeals to renters seeking convenient access to major employment centers and neighborhood amenities.