New 89-Unit Multifamily
For Sale
Contact for pricing
3019 S Angeline St, Seattle, WA 98108
Newly delivered 89-unit apartment building adjacent to the Columbia City Link Light Rail Station, with MFTE tax exemption benefits.
Property Size34,774 SF
Days on Market65
Property Features for 3019 S Angeline St
General Information
Standard status
Active
Size
34,774 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
89
Building Details
Building Size
34,774 SF
Year Built
2024
Listing Agency:
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(206) 928-2311
Listed By:
Daniel Lim
(206) 928-2311
Source:
Lee-associates
Added: Jun 9
Changed: Aug 11
Last Checked: Aug 11 at 1:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
Columbia City Studios is a newly constructed 89-unit multifamily property completed in 2025. As a recent delivery, the building is positioned to offer lower near-term maintenance and capital expenditure requirements compared with older housing stock, along with reduced exposure to certain insurance-related risks typically associated with dated construction.
The property is located adjacent to the Columbia City Link Light Rail Station, placing it in a transit-oriented setting within Seattle’s Columbia City neighborhood. The asset also participates in the Seattle MFTE program, which provides a property tax exemption that will extend for another 9 years.
For investors and owner-operators, the combination of new construction and a defined MFTE tax exemption period can help support more predictable operating costs relative to non-participating properties. The building’s 2025 completion date and transit adjacency may also make it a practical fit for multifamily demand tied to convenient access to light rail.
The property is located adjacent to the Columbia City Link Light Rail Station, placing it in a transit-oriented setting within Seattle’s Columbia City neighborhood. The asset also participates in the Seattle MFTE program, which provides a property tax exemption that will extend for another 9 years.
For investors and owner-operators, the combination of new construction and a defined MFTE tax exemption period can help support more predictable operating costs relative to non-participating properties. The building’s 2025 completion date and transit adjacency may also make it a practical fit for multifamily demand tied to convenient access to light rail.
Key Highlights
- Newly constructed 89‑unit apartment building with completion/delivery in 2025
- Adjacent to the Columbia City Link Light Rail Station
- Built in 2024
Property Analytics
Property Profile
Current Use
Lease Details
89
Residential units
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 98108, WA
25,009
Population
9,096
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
83%
High-School Grad
7.4 sq mi
ZIP Area
3,380
Density / Sq Mi
$90,806
Median Household Income
$48,703
Median Earnings
$1,463
Median Rent
$693,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Newly delivered 89-unit apartment building adjacent to the Columbia City Link Light Rail Station, with MFTE tax exemption benefits.
Where is this apartment building located?
The property is located at 3019 S Angeline St Seattle, WA.
What are key features of this property?
This property features: Newly constructed 89‑unit apartment building with completion/delivery in 2025; Adjacent to the Columbia City Link Light Rail Station; Built in 2024
