Sound Asset Partners Acquires 30-Unit Mixed-Use Building In Seattle For $4.575M

A 30-unit mixed-use apartment building at 321 Broadway East in Seattle’s Capitol Hill neighborhood was sold for $4.575 million. This transaction involves a significant asset located in the Seattle market known for its cash flow and transit-accessible location. The property has a price per unit of $152,500, highlighting its investment potential despite considerations such as its unreinforced masonry construction and potential retrofit costs.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,575,000
• Buyer: Sound Asset Partners
• Seller: 321 Broadway Associates, LLC
• Units: 30
• PPU: $152,500
• Market: Seattle, WA
• Date of Sale: 07/13/2026
• Brokers: Matt Johnston, Jerrid Anderson, Matt Laird & Jack Shephard - Kidder Mathews

Kidder Mathews represented the seller, 321 Broadway Associates, LLC, in this transaction. The firm's involvement underscores the strategic alignment between the buyer and seller, facilitating the completion of the sale. Given the property was built in 1910, its historical significance may also play a role in its desirability among investors looking for opportunities in the mixed-use sector.