Investment Overview

retained as the Exclusive Listing Broker for the sale of OWL, a premier multifamily community located in Seattle’s rapidly evolving Northgate submarket. Comprising 295 apartment homes, the Property is ideally positioned in the heart of North Seattle, offering residents immediate access to a wide range of exciting retail, dining, and lifestyle amenities. Additionally, residents benefit from proximity to some of Seattle’s most beloved parks and waterfront recreation areas, including Green Lake, Magnuson Park, and Matthews Beach Park.

Situated within close proximity to the Northgate Link Light Rail Station, OWL provides seamless connectivity to Seattle’s major employment hubs. Residents benefit from direct access to the University of Washington (9 minutes) and Downtown Seattle (13 minutes), enhancing the Property’s appeal to a broad renter base seeking convenience and accessibility. Continued public and private investment in the Northgate neighborhood, including major infrastructure improvements and transit-oriented development, has further solidified the area as one of Seattle’s most dynamic and rapidly growing submarkets.

Prime North Seattle Location

Situated in the heart of Northgate, OWL benefits from immediate access to a wide range of retail, dining, parks, and lifestyle amenities. The Property is ideally positioned within a rapidly evolving submarket experiencing continued public and private investment.

Transit-Oriented Location

Located within one mile of the Northgate Link Light Rail Station, OWL offers seamless commutes to key employment hubs. Residents benefit from direct access to Downtown Seattle (16 minutes) and the University of Washington (9 minutes).

High-End Finishes

OWL features modern apartment homes with thoughtfully designed interiors, including contemporary cabinetry, premium materials, and stainless-steel appliances. Multiple designer color palettes and integrated technology packages appeal to today’s renter preferences.

Expansive Amenities

OWL’s premier amenity package is designed to enhance resident experience, including a rooftop terrace, fitness center, and curated indoor-outdoor gathering spaces. These thoughtfully designed amenities create a competitive edge within the Northgate submarket.

Priced Below Replacement Cost

OWL presents a compelling opportunity to acquire a high-quality, recently constructed asset at a basis below today’s estimated replacement cost. Rising construction costs and development constraints further support long-term upside.

Rental Affordability‍

With average home values of $837,626 in the surrounding neighborhood and estimated ownership costs of $5,465 per month, renting at OWL provides savings of approximately 62% compared to homeownership in this high-cost Seattle submarket.