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The OK Apartments 212-216 Alaskan Way S 44 Unité Immeuble d’appartements 8 235 928 $ CAD (187 180 $ CAD/Unité) Seattle, WA 98104
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Features waterfront views in some units
- Beautiful historic building
RÉSUMÉ DE L'ANNONCE
OK Apartments presents a rare opportunity to acquire a historic mixed-use building in Seattle’s Pioneer Square. Constructed in 1914 and thoughtfully updated, the property delivers 44 affordable housing units, two retail spaces, and 23 commercial studios with immediate waterfront access and exceptional urban connectivity.
The property sits steps from Seattle’s largest employment corridor, where Virginia Mason, Harborview Medical Center, and Safeco anchor over 336,900 jobs in the immediate area. Seattle University is just one mile away, contributing 1,200 campus jobs with an enrollment of 2,261 students. With 830 students living off campus, the university creates consistent rental demand and boosts local spending.
Seattle’s downtown multifamily market maintains 95.75% occupancy, with asking rates reaching $2,866 per month in Q3 2025—up 5.8% year-over-year. Even with this growth, in-place rents represent just 7.6% of average household income, creating exceptional affordability in the metro's second-most expensive submarket. Additionally, the property participates in the Low-Income Housing Tax Credit program, providing fully affordable housing with rent restrictions at 30%, 50%, and 60% AMI across all units through 2033.
OK Apartment’s unique combination of historic character, walkability, and direct access to major transit stations, parks, and cultural amenities make it an unrivaled investment opportunity in Downtown Seattle’s high-demand, supply-constrained housing market.
INVESTMENT HIGHLIGHTS:
Prime Pioneer Square Location: OK Apartments sits on Seattle's revitalized waterfront, directly across from Pier 50's ferry terminal serving Bainbridge Island, Bremerton, and West Seattle.
Attractive Financing: Strong pricing below $130,000 per residential unit with seller financing offering 25% down at a 5.25% fixed interest-only rate.
Recession-Proof Employment Base: Located minutes from Harborview Medical Center, Virginia Mason, Swedish, and dozens of medical clinics that anchor recession-resistant employment.
Historic Mixed-Use Asset: Offers 44 affordable residential units across studio and one-bedroom layouts, 23 commercial studios, and two retail spaces with waterfront frontage.
Desirable Urban Submarket: Serves downtown Seattle’s concentrated tech, finance, and medical workforce with immediate access to major employers, dining, and entertainment.
Diversified Commercial Income: Mixed-use configuration generates over $170,000 annually from commercial studios and retail, supplementing residential revenue.
Major Transit Hub: Walking distance to Columbia St. Light Rail Station, King Street Station, and ferry terminals connecting throughout Seattle and Puget Sound.
Walkable Lifestyle: Residents enjoy top-tier walkability to parks, galleries, restaurants, T-Mobile Park, and Lumen Field.
Supply-Constrained Market: Restrictive waterfront and Pioneer Square development controls limit new supply, stabilizing occupancy and supporting long-term demand.
The property sits steps from Seattle’s largest employment corridor, where Virginia Mason, Harborview Medical Center, and Safeco anchor over 336,900 jobs in the immediate area. Seattle University is just one mile away, contributing 1,200 campus jobs with an enrollment of 2,261 students. With 830 students living off campus, the university creates consistent rental demand and boosts local spending.
Seattle’s downtown multifamily market maintains 95.75% occupancy, with asking rates reaching $2,866 per month in Q3 2025—up 5.8% year-over-year. Even with this growth, in-place rents represent just 7.6% of average household income, creating exceptional affordability in the metro's second-most expensive submarket. Additionally, the property participates in the Low-Income Housing Tax Credit program, providing fully affordable housing with rent restrictions at 30%, 50%, and 60% AMI across all units through 2033.
OK Apartment’s unique combination of historic character, walkability, and direct access to major transit stations, parks, and cultural amenities make it an unrivaled investment opportunity in Downtown Seattle’s high-demand, supply-constrained housing market.
INVESTMENT HIGHLIGHTS:
Prime Pioneer Square Location: OK Apartments sits on Seattle's revitalized waterfront, directly across from Pier 50's ferry terminal serving Bainbridge Island, Bremerton, and West Seattle.
Attractive Financing: Strong pricing below $130,000 per residential unit with seller financing offering 25% down at a 5.25% fixed interest-only rate.
Recession-Proof Employment Base: Located minutes from Harborview Medical Center, Virginia Mason, Swedish, and dozens of medical clinics that anchor recession-resistant employment.
Historic Mixed-Use Asset: Offers 44 affordable residential units across studio and one-bedroom layouts, 23 commercial studios, and two retail spaces with waterfront frontage.
Desirable Urban Submarket: Serves downtown Seattle’s concentrated tech, finance, and medical workforce with immediate access to major employers, dining, and entertainment.
Diversified Commercial Income: Mixed-use configuration generates over $170,000 annually from commercial studios and retail, supplementing residential revenue.
Major Transit Hub: Walking distance to Columbia St. Light Rail Station, King Street Station, and ferry terminals connecting throughout Seattle and Puget Sound.
Walkable Lifestyle: Residents enjoy top-tier walkability to parks, galleries, restaurants, T-Mobile Park, and Lumen Field.
Supply-Constrained Market: Restrictive waterfront and Pioneer Square development controls limit new supply, stabilizing occupancy and supporting long-term demand.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Title and Insurance
BILAN FINANCIER (PRO FORMA - 2025) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à l’inoccupation |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (PRO FORMA - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
FAITS SUR LA PROPRIÉTÉ
| Prix | 8 235 928 $ CAD | Classe d’immeuble | C |
| Prix par unité | 187 180 $ CAD | Taille du lot | 0,19 AC |
| Type de vente | Investissement | Taille du bâtiment | 42 534 pi² |
| Nombre d’unités | 44 | Occupation moyenne | 99% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 5 |
| Sous-type de propriété | Appartement | Année de construction/rénovation | 1914/2004 |
| Style d’appartement | De hauteur moyenne | Zone de développement économique |
Oui
|
| Zonage | PSM-100, Seattle | ||
| Prix | 8 235 928 $ CAD |
| Prix par unité | 187 180 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 44 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Taille du lot | 0,19 AC |
| Taille du bâtiment | 42 534 pi² |
| Occupation moyenne | 99% |
| Nombre d’étages | 5 |
| Année de construction/rénovation | 1914/2004 |
| Zone de développement économique |
Oui |
| Zonage | PSM-100, Seattle |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Chauffage
- Comptoirs de granit
- Réfrigérateur
- Fourchette
- Bain/Douche
- Wi-Fi
- Accessible aux fauteuils roulants (chambres)
COMMODITÉS DU SITE
- Commerce de détail sur place
- Collecte d'ordures - porte à porte
- Services en ligne
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| Studios | 24 | 1 707 $ CAD | 446 |
| 1+1 | 20 | 1 912 $ CAD | 468 |
Walk Score®
Un paradis pour un marcheur (96)
Transit Score®
Un paradis pour conducteur (100)
Bike Score®
Très cyclable (89)
Impôts fonciers
| Numéro de lot | 524780-0090 | Évaluation totale | 6 136 580 $ CAD (2024) |
| Évaluation du terrain | 6 135 169 $ CAD (2024) | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 1 411 $ CAD (2024) | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
524780-0090
Évaluation du terrain
6 135 169 $ CAD (2024)
Évaluation des bâtiments
1 411 $ CAD (2024)
Évaluation totale
6 136 580 $ CAD (2024)
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2025
CONTACTS
-
Chad Blenz -
Brandon Grisham -
Mitchell Belcher -
Steven Chattin -
Jay Timpani -
Brandon Lawler -
Berkadia
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The OK Apartments | 212-216 Alaskan Way S
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