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Borealis
Site Details
Opportunity
53-Unit Multifamily Investment Opportunity in Prime South Lake Union Location
Located at the intersection of South Lake Union and downtown Seattle, Borealis sits steps from Amazon’s headquarters and other major tech and life science employers. With Amazon, Apple, and Starbucks mandating office attendance, housing demand in this micro-location is strong. The property boasts a 98 Walk Score, 200+ nearby dining options, and close access to light rail, offering a car-optional lifestyle. An affordability covenant expires in April 2028, creating an opportunity to convert units to market-rate rents and capture significant revenue growth.
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About the Area
Seattle continues to be one of the top-performing apartment markets in the U.S., ranking among the top five for revenue growth projections and top three for risk-adjusted investment returns.
WALK SCORE OF 98
A walker’s paradise with everything you need just steps away.
OVER 200 RESTAURANTS & BARS WITHIN A HALF-MILE
Enjoy a diverse mix of dining and nightlife options.
10-MINUTE WALK TO LIGHT RAIL
Quick and convenient access to downtown Seattle, University of Washington, and beyond.
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