Stockbridge Apartments

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On the Market

Price: $13,900,000

Now Touring: Thursday 4/3: 12pm-3pm

Offers Date: To Be Announced

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Site Details

Address

1330 Boren Ave

City

Seattle

Neighborhood

First Hill

Total Units

Avg. Unit Size

430 SF

NRSF

32,656 SF

Year Built

1925

Building Systems

Updated

Residential Unit Mix

Studio

Studio + W/D

1x1

1x1 + W/D

2x2

Opportunity

Stockbridge Apartments presents an exceptional opportunity to acquire a well-located, value-add multifamily asset in the heart of Seattle. The property’s historic charm, modern upgrades, and rent growth potential make it an ideal investment for an owner looking to capitalize on Seattle’s strong rental market fundamentals.

Prime Location

Between Downtown & Capitol Hill, Walk Score 98, near employers, transit, and entertainment.

Value-Add Potential

Light upgrades can boost rents

Historic Charm, Modern Upgrades

1925 architecture with updated electrical, plumbing, windows, and fire sprinklers.

Operational Upside

54% expense load offers efficiency improvements

Location

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About the Area

Stockbridge Apartments is located in Seattle’s First Hill, a vibrant neighborhood nestled between Downtown and Capitol Hill. Residents enjoy a Walk Score of 98 and seamless access to major employers, transit, retail, and dining. The First Hill Streetcar, Link Light Rail, and I-5 provide quick connectivity to South Lake Union, Bellevue, and beyond.

Stockbridge’s prime location, strong employment base, and constrained apartment supply make it a rare investment opportunity in one of Seattle’s most desirable urban neighborhoods.

Thriving Job Market

First Hill is a key employment hub, anchored by Swedish Medical Center, Virginia Mason, and Harborview Medical Center, making it highly attractive to medical professionals and urban renters. Additionally, Amazon, Apple, and Starbucks are driving a strong return-to-office trend, increasing housing demand in the area.

Limited New Supply & High Demand

With a 77% drop in new apartment deliveries in Capitol Hill/First Hill, Stockbridge Apartments is well-positioned for significant rent growth. Nearby Seattle’s $1.1 billion waterfront redevelopment and expanding light rail system further enhance the area’s appeal.