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157 12th Ave
Seattle, WA 98122
Sweetgrass Flats · Multifamily Property For Sale
·
92 Units
Investment Highlights
- Newly-constructed luxury studios in an Opportunity Zone, offering benefits to investors who elect to temporarily defer tax on capital gains
- Proximity to multiple transit options provides immediate access to downtown Seattle, First Hill, and Capitol Hill neighborhoods
- Built Green 4-Star
- Qualifies for Multifamily Tax Exemption Program, allowing ownership to receive a property tax exemption for up to 12 years
- Situated in an area with high displacement risk according to City’s Tenant Relocation Assistance Ordinance (TRAO)
- 1,750-square-foot retail space, ideal for service-based offerings
Property Facts
| No. Units | 92 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 90,000 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Mid-Rise | No. Stories | 8 |
| Building Class | A | Year Built | 2025 |
| Zoning | NC3P-75 (M) | ||
| No. Units | 92 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.16 AC |
| Building Size | 90,000 SF |
| Average Occupancy | 0% |
| No. Stories | 8 |
| Year Built | 2025 |
| Zoning | NC3P-75 (M) |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Bicycle Storage
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 92 | - | 352 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $27,526,300 | |
| Land Assessment | $1,473,700 | Total Assessment | $29,000,000 |
Property Taxes
Parcel Numbers
Land Assessment
$1,473,700
Improvements Assessment
$27,526,300
Total Assessment
$29,000,000
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