Kenmore Apartment Community
7206 NE 182nd St, Kenmore, WA 98028
41-unit apartment community in Kenmore, Washington with value-add potential.
Type:Multifamily
Property size:
36,183 SF- Added:
- Feb 6, 2026
- Days on Market:
- 95
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 7206 NE 182nd St
General Information
- Standard status
- Active
- Size
- 36,183 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2005
Listing agent Reed Curtis License #22007982
Listing office JLL - Seattle, Washington
Listing date Feb 6, 2026
Source Crexi
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 JLL - Seattle, Washington
HighLights
- Value‑add potential through renovation of 33 classic units, with proven $473/month rent premiums.
- Prime location in Kenmore, WA, offering exceptional connectivity to I‑405 and SR‑522 for easy access to major employment hubs and Seattle.
- Attractive alternative to homeownership in a market with median home prices exceeding $825,000.
- Built in 2005, the property consists of 41 units: 2 one‑bedroom units and 39 two‑bedroom, two‑bathroom units.
- Access to Pacific Northwest recreational destinations, including Lake Washington, the Burke‑Gilman Trail, and numerous parks.
- Partial and full renovation scopes have already been implemented on 20% of the units.
Overview
Located in Kenmore, Washington, Chelsea Court is a 41-unit apartment community constructed in 2005. The property features a garden-style layout, comprising two one-bedroom units and 39 two-bedroom, two-bathroom units. A value-add opportunity exists, as 33 units (80%) are in their original classic condition. The current ownership has partially renovated four units (10%) and fully renovated another four units (10%). Fully renovated units achieve a $473 per month premium over non-renovated units, demonstrating the potential for revenue enhancement through renovations. Situated on NE 182nd Street, the property provides direct access to Interstate-405 and State Route 522, offering connectivity to Seattle metropolitan area employment hubs, including Bothell, Bellevue, and downtown Seattle. Nearby employers include Microsoft, Google, Amazon, and the University of Washington Bothell campus. Residents have access to recreational destinations, such as Lake Washington waterfront activities, the Burke-Gilman Trail, and other parks and outdoor amenities. Given median home prices in Kenmore exceeding $825,000, the property offers an alternative for residents seeking housing at a lower cost than homeownership.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Kenmore
- County
- King
- State
- Washington
- Longitude
- -122.3309283
- Latitude
- 47.8338811
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 41-unit apartment community in Kenmore, Washington with value-add potential.
Where is this apartment building located?
The property is located at 7206 NE 182nd St Kenmore, WA.
What are key features of this property?
This property features: Value‑add potential through renovation of 33 classic units, with proven $473/month rent premiums.; Prime location in Kenmore, WA, offering exceptional connectivity to I‑405 and SR‑522 for easy access to major employment hubs and Seattle.; Attractive alternative to homeownership in a market with median home prices exceeding $825,000.
