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96th Avenue Condos
On the Market
Price: $3,700,000
Offer Review Date: To be Announced
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Site Details
Unit Mix
Opportunity
RARE DOWNTOWN BOTHELL OPPORTUNITY
The property offers tenants immense convenience with walkability to Downtown Bothell. Residents are blocks from the best retail and entertainment options in Bothell, and have immeadiate access to SR 522 & I-405 to connect them to employment hubs and attractions in both King and Snohomish Counties.
PRIDE OF OWNERSHIP ASSET
The 96th Ave Condos were built in 1985, featuring insurance friendly systems and ownership has done extensive cap-ex spending in recent years including: decks, exterior stairs, roofs, exterior paint, entry doors, and renovations in select units.
RENOVATION PLAN EARNING PROVEN PREMIUM
Ownership has renovated 4/16 units with modern finishes that have earned a ~$300/month premium over non-renovated units. A Buyer is offered a clear path towards susbstantial NOI upside.
MULTIPLE EXIT STRATEGIES
The property sits on an oversized 38,850 SF lot with DT zoning and is surrounded by high-end townhome developments. Featuring a large parking lot with a 2:1 parking ratio and excess land, the property offers a Buyer a future exit through a redevelopment opportunity or a traditional apartment sale.
Location
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About the Area
Bothell benefits from affluent demographics and proximity to major tech and life sciences employers, fueling consistent multifamily demand and rental growth.
Bothell is a rapidly growing and highly sought-after submarket with exceptional regional connectivity via I-405 and SR-522, offering convenient access to major employment and lifestyle hubs throughout the Puget Sound. The city has undergone a significant transformation in recent years, with a revitalized downtown, enhanced infrastructure, and growing residential and commercial development activity.
Bothell’s strong appeal is driven by its affluent, well-educated population and proximity to major employment hubs in technology and life sciences, including nearby Canyon Park, Kirkland, and the broader Eastside corridor. The presence of the University of Washington – Bothell and Cascadia College adds to the city’s intellectual capital and supports a vibrant, knowledge-based community.
Renters are drawn to Bothell for its quality of life—top-ranked schools, abundant green space, access to the Sammamish River Trail, and a mix of urban conveniences with suburban comfort. These fundamentals have translated into sustained demand for multifamily housing and resilient market performance, making Bothell a compelling target for investment.
0.4 Miles
Sammamish River Trail
0.6 Miles
McMenamins Anderson School
1.5 Miles
University of Washington Bothell
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