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1307 N Northgate Way
Seattle, WA 98133
Cubix Northgate · Multifamily Property For Sale
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16 Units
Executive Summary
Cushman & Wakefield Capital Markets is pleased to present an exclusive opportunity to acquire Cubix Northgate, a 16-unit 2018 construction multifamily asset in Seattle’s Northgate neighborhood. The building boasts highly efficient units at a price point affordable for those in the 50-60% range of Seattle’s 2026 published area median income levels. The building is being offered below replacement costs and can serve as a great first-time investment or 1031 exchange property for those seeking a
Property Facts
| Price Per Unit | $213,400 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.95% | Lot Size | 0.10 AC |
| No. Units | 16 | Building Size | 4,368 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2020 |
| Zoning | LR2 (M) - Apartment | ||
| Price Per Unit | $213,400 CAD |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,368 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | LR2 (M) - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Oven
- Stainless Steel Appliances
- Range
Site Amenities
- Green Community
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | $1,809 CAD | 274 - 300 |
Property Taxes
| Parcel Number | 630050-0310 | Improvements Assessment | $2,639,836 CAD |
| Land Assessment | $862,155 CAD | Total Assessment | $3,501,991 CAD |
Property Taxes
Parcel Number
630050-0310
Land Assessment
$862,155 CAD
Improvements Assessment
$2,639,836 CAD
Total Assessment
$3,501,991 CAD
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