CBRE brokered the sale of 8th + Republican Apartments, a 211-unit mid-rise multifamily community located at 430 8th Avenue N in Seattle’s South Lake Union neighborhood. The property was acquired by a confidential institutional investor for $94.85 million.
CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper represented the confidential seller. Completed in 2016, 8th + Republican is strategically positioned in the heart of South Lake Union, within walking distance to the headquarters and major offices of some of the area’s largest employers. It’s also surrounded by a mix of restaurants, retail, and nightlife.
South Lake Union is the heart of Seattle’s tech industry abounds with first-rate restaurants and cool cultural and recreational draws along a beautiful lakeshore.
8th + Republican Apartments offer studio, one-, and two-bedroom apartments or townhome-style residences. 8th & Republican Apartments in Seattle feature designer finishes like polished concrete, reclaimed wood, and raw steel for an industrial-chic aesthetic; floor-to-ceiling windows offering stunning views of the city; gourmet kitchens with stainless steel appliances; smart home technology and energy-efficient appliances and private outdoor spaces.
“This sale underscores the strength of Seattle’s multifamily fundamentals and investor appetite for ultra-core locations,” said Yamamoto. “With strong projected rent growth and enduring demand drivers, the asset is well-positioned for long-term performance.” According to CBRE Research, this transaction is one of the highest prices per unit achieved for mid-rise product in Seattle in 2025.
CBRE is the world’s largest commercial real estate services and investment company, with the #1 global market position in leasing, property sales, outsourcing, property management and valuation. CBRE is also the largest commercial property developer in the United States, and has over $155 billion of Assets Under Management within our Investment Management business. Our more than 140,000 employees (including Turner & Townsend employees) serve clients in over 100 countries, including nearly 90 of the Fortune 100.
