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Sorento Flats 1414 E Yesler Way 153 Unit Apartment Building For Sale Seattle, WA 98122
INVESTMENT HIGHLIGHTS
- Premier Central Seattle location with 95 Walk Score
- Rooftop patios with sweeping city and mountain views
- 153 modern micro units plus boutique retail
- Surrounded by major tech and healthcare employers
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.68 AC |
| No. Units | 153 | Building Size | 138,786 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2017 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | NC240 - Neighborhood commercial | ||
| Sale Type | Investment |
| No. Units | 153 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.68 AC |
| Building Size | 138,786 SF |
| Average Occupancy | 83% |
| No. Stories | 4 |
| Year Built | 2017 |
| Opportunity Zone |
Yes |
| Zoning | NC240 - Neighborhood commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Wi-Fi
- Loft Layout
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Quartz Countertops
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Security System
- Breakfast/Coffee Concierge
- Roof Terrace
- Bicycle Storage
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 155 | - | 161 - 325 |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (84)
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