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7/31/26
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Monticello, a 107-unit apartment community located at 415 Boren Ave in Seattle’s First Hill neighborhood, has been acquired by Nordic Partners Investments. The price was not disclosed.
Built in 1957, Monticello spans 42.3k sf across 107 units in the heart of Seattle’s urban core. The off-market acquisition drew multiple competing offers, delivering Nordic Partners Investments a value-add multifamily asset with meaningful economic upside in one of the city’s most established neighborhoods.
Located just east of downtown Seattle, First Hill is one of the city’s most walkable and densely populated neighborhoods, anchored by a major medical and institutional employment base alongside easy access to downtown, Capitol Hill, and the broader urban core. Its central location and enduring renter demand continue to make it one of the city’s most competitive multifamily submarkets.
Dylan Simon, Jerrid Anderson, and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller and sourced the buyer in the transaction.
“Monticello is proof that capital is actively hunting for Seattle multifamily,” said JD Fuller, Associate Vice President at Kidder Mathews. “We generated multiple offers on an off-market process for a 1957 vintage asset with meaningful economic upside. When buyers are competing that hard for value-add deals, it tells you exactly where investor conviction sits right now.”
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