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Stockbridge Apartments
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Site Details
Residential Unit Mix
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.
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.
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