Six-Story Elevator-Served Multifamily
For Sale
Contact for pricing
705 South Weller Street, Seattle, WA 98104
Well-stabilized 40-unit asset with structured parking and a ground-floor commercial tenant in a transit-oriented Seattle infill location.
Property Size27,560 SF
Days on Market63
Property Features for 705 South Weller Street
General Information
Standard status
Active
Size
27,560 SF
Class
B
Total Parking Spaces
23
Property subtype
Multifamily
Zoning
IDM 85/85-170 (International District Mixed)
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$466,350
Additional Details
Multifamily Units
40
Building Details
Year Built
2006
Year Renovated
2008
Buildings
1
Stories
6
Units
40
Tenancy
Multi
Listing Agency:
Orion Commercial Partners
(425) 260-4260
Listed By:
Dan Foster · License #WA 24312
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 11 at 7:48PM
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 Orion Commercial Partners
Investment Insights
Based on property information with market context.
705 Lofts is a well-stabilized 40-unit multifamily property built in 2006. The six-story building is elevator-served and includes structured parking. A single ground-floor commercial tenant occupies retail space within the property, creating a mixed-use component alongside the residential units. Recent capital improvements include a roof overlay and elevator modernization, supporting ongoing building functionality.
The property is located in Seattle’s International District submarket at 705 South Weller Street. It sits in an infill setting with access to regional transit, positioned two blocks from the new East Link light rail extension and a regional transit hub.
For investors and operators, this is a straightforward acquisition opportunity centered on an elevator-served 40-unit building with in-place stability and documented recent building upgrades. The combination of structured parking and ground-floor commercial tenancy can appeal to buyers seeking a multifamily platform with practical day-to-day operating considerations and a mixed-use arrangement within one asset.
The property is located in Seattle’s International District submarket at 705 South Weller Street. It sits in an infill setting with access to regional transit, positioned two blocks from the new East Link light rail extension and a regional transit hub.
For investors and operators, this is a straightforward acquisition opportunity centered on an elevator-served 40-unit building with in-place stability and documented recent building upgrades. The combination of structured parking and ground-floor commercial tenancy can appeal to buyers seeking a multifamily platform with practical day-to-day operating considerations and a mixed-use arrangement within one asset.
Key Highlights
- 40‑unit multifamily property built in 2006 on a six‑story, elevator‑served building
- Includes structured parking and a single ground‑floor commercial tenant
- Located at 705 S Weller St in Seattle’s International District submarket
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
9,641
Businesses Nearby
Explore this area
Business Placement
Demographics for 98104, WA
16,157
Population
10,803
Households
1.5
Avg Household Size
38
Median Age
45%
College-Educated
83%
High-School Grad
0.9 sq mi
ZIP Area
17,952
Density / Sq Mi
$61,866
Median Household Income
$57,791
Median Earnings
$1,511
Median Rent
$663,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-stabilized 40-unit asset with structured parking and a ground-floor commercial tenant in a transit-oriented Seattle infill location.
Where is this apartment building located?
The property is located at 705 South Weller Street Seattle, WA.
What are key features of this property?
This property features: 40‑unit multifamily property built in 2006 on a six‑story, elevator‑served building; Includes structured parking and a single ground‑floor commercial tenant; Located at 705 S Weller St in Seattle’s International District submarket
