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8/08/25
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A three-property multifamily portfolio totaling 215 units in Seattle has sold for $35.2 mil ($163.7k/unit). The buyer was Vista Investment Group, a Los Angeles-based firm making its first multifamily acquisition in the Seattle market.
The portfolio includes three classic brick buildings in the heart of Seattle. The properties (below) offer significant value-add potential while retaining architectural character and timeless charm—hallmarks of early 20th-century construction in the city’s urban core. They include:
• Charbern Apartments | 1705 Belmont Ave | 67 units | Avg 569 sf/unit | $12.3 mil
Perched on the west slope of Capitol Hill, Charbern benefits from unobstructed views, proximity to transit, and access to Seattle’s most vibrant neighborhood amenities.
• Stockbridge Apartments | 1330 Boren Ave | 76 units | Avg 430 sf/unit | $11.55 mil
Situated in First Hill, Stockbridge offers large unit layouts and immediate access to major medical centers and downtown Seattle.
• Carolina Court Apartments | 527 Eastlake Ave | 72 units | Avg 477 sf/unit | $11.35 mil
Located in Seattle’s thriving South Lake Union neighborhood, Carolina Court is a classic brick building with walkability to major tech employers and life sciences hubs.
The properties had been privately owned for more than 50 years and were presented through a full marketing process that generated 33 tours.
Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller, longtime private owner John Stephanus, and sourced the buyer in the deal.
“This portfolio offered immediate scale in Seattle’s urban core and strong long-term fundamentals,” said Simon. “Vista recognized the value and moved quickly to secure all three assets as they expand into the Pacific Northwest.”
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