Licton Springs Apartments 9515 Interlake Ave 27 Unit Apartment Building $9,910,755 CAD ($367,065 CAD/Unit) 6.10% Cap Rate Seattle, WA 98103

JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire Licton Springs Apartments, a fully-renovated apartment community located in Seattle’s Licton Springs neighborhood, 5 minutes north of Green Lake, a highly-desirable destination for Seattle residents.
Built in 1987, Licton Springs Apartments (the “Property,” “Subject” or “Licton Springs,”) is a 27-unit midrise apartment community consisting of nine 1-bedroom units, three 2-bedroom 1-bathroom units, twelve 2-bedroom 1.5-bathroom units, and three 2-bedroom 2-bathroom units. The Property underwent full renovations in 2015, with unit updates including stainless steel appliances, updated cabinet faces, quartz countertops, and vinyl plank flooring.
Situated in Seattle’s Licton Springs neighborhood, just north of Green Lake, the Property is strategically located adjacent to Interstate 5 and State Route 99, enhancing connectivity throughout Seattle and the broader Puget Sound region. The location provides efficient access to the city’s primary employment hubs, including Downtown Seattle, South Lake Union, the University District, and Northgate, and is supported by a strong employment base anchored by Amazon, Google, Microsoft, Meta, and the University of Washington. With convenient access to the Northgate Light Rail Station, the Property offers a highly transit-oriented location and is surrounded by nearly 1.8 million square feet of retail within a one-mile radius. Residents enjoy immediate access to Green Lake’s renowned recreational amenities and an extensive network of parks, dining, and retail options, offering a highly walkable, urban lifestyle at a compelling value relative to Seattle’s core rental markets.