206-292-1600
1414 E Yesler Way, Seattle, WA for Sale
Apartments - FOR SALE
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null | Request Cap Rate

1414 E Yesler Way
Seattle, WA 98122
Minor


HIGHLIGHTS

  • Premier Central Seattle location with 95 Walk Score
  • 153 modern micro units plus boutique retail
  • Rooftop patios with sweeping city and mountain views
  • Surrounded by major tech and healthcare employers

OVERVIEW

Sorento Flats represents a rare opportunity to acquire a newly built mixed-use asset in the heart of Central Seattle, one of the nation’s most dynamic urban markets. Completed in 2017, this four-story property features 153 micro units and two boutique retail suites totaling 1,840 SF. Its prime location offers unmatched connectivity—just minutes from Seattle’s CBD, First Hill’s renowned medical hub, and South Lake Union’s thriving tech corridor. Surrounded by over 300,000 jobs and walkable to Capitol Hill’s vibrant dining and nightlife, Sorento Flats caters to Seattle’s core renter demographic: highly educated professionals employed by Amazon, Apple, Microsoft, Meta, and Google. Residents enjoy a curated amenity package including two rooftop patios with panoramic views of Mount Rainier and downtown Seattle, a fitness center, resident lounge, and boutique coffee shop. Interiors feature modern finishes such as quartz countertops, stainless steel appliances, and expansive windows that flood units with natural light. With a 95 Walk Score and seamless access to I-5, I-90, and multiple transit options, this property is ideally positioned to capture sustained demand for urban living. Strong market fundamentals underscore the investment appeal: Central Seattle boasts a projected 5.5% quarterly rent growth through 2027, an average household income of $144,584 within one mile, and a renter-occupied rate of 63%. Anchored by long-term retail leases and supported by robust multifamily performance, Sorento Flats offers investors a stabilized income stream with upside potential in one of the country’s most resilient markets.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

153

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sorento Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

NC240

APN/PARCEL ID

000760-0122

ASK ABOUT THIS PROPERTY

Jordan LouieCBREMore Info
206-292-1600

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Jordan LouieCBREMore Info
206-292-1600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.