A three-property multifamily portfolio totaling 215 units has sold for $35,200,000 in Seattle. Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller, longtime private owner John Stephanus, and sourced the buyer, Vista Investment Group, a Los Angeles-based firm making its first multifamily acquisition in the Seattle market.
Each property of the Portfolio in Seattle presents significant value-add potential while retaining architectural character and timeless charm—hallmarks of early 20th-century construction in the city’s urban core:
- Charbern Apartments | 1705 Belmont Avenue | 67 units | Avg. unit 569 SF | $12,300,000 — Perched on the west slope of Capitol Hill, Charbern benefits from unobstructed views, proximity to transit, and access to Seattle’s most vibrant neighborhood amenities.
- Stockbridge Apartments | 1330 Boren Avenue | 76 units | Avg. unit 430 SF | $11,550,000 — Situated in First Hill, Stockbridge offers large unit layouts and immediate access to major medical centers and downtown Seattle.
- Carolina Court Apartments | 527 Eastlake Avenue | 72 units | Avg. unit 477 SF | $11,350,000 — Located in Seattle’s thriving South Lake Union neighborhood, Carolina Court is a classic brick building with walkability to major tech employers and life sciences hubs.
“This portfolio offered immediate scale in Seattle’s urban core and strong long-term fundamentals,” said Simon. “Vista recognized the value and moved quickly to secure all three assets as they expand into the Pacific Northwest.”
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 12 brokerage professionals specializes in the sale and purchasing of apartment buildings and development land from $1 million to more than $100 million.
