Kite Partners LLC Acquires 87-Unit Multifamily Property In Seattle From Acme Realty Partners For $24.1M

1321 Queen Anne Avenue North

$24,100,000

Building Size

—

Asset Type

MultiFamily

Closing

Jul 6, 2026

AI

The Q is an 87-unit multifamily property located at 1321 Queen Anne Avenue North in Seattle, WA. The property was sold for $24,100,000, resulting in a price per unit of $277,011.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $24,100,000
Buyer: Kite Partners LLC
Seller: Acme Realty Partners
Units: 87
Brokerage Firm: CBRE
Mortgage Brokers: James Bach & Nick DaValle - CBRE

CBRE arranged the transaction, representing the seller and facilitating the loan assumption. The deal highlights sustained investor demand for walkable multifamily assets in central Seattle.

Players