Housing Authority Of Snohomish County Acquires Multifamily Community In Lynnwood For $77.5M

The transaction involved a multifamily asset located at 16525 Ash Way & 16605 Ash Way in Lynnwood, WA. The property, known as Allegro Lynnwood, consists of 240 units and was sold for $77.5 million, translating to a price per unit of $322,917. Completed in two phases, the first delivered in 2019 and the second in 2025, the community offers a range of unit types from studios to two-bedroom layouts, alongside resort-style amenities and access to public transit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $77,500,000
• Units: 240
• Price Per Unit: $322,917
• Buyer: Housing Authority of Snohomish County
• Seller: Integral NW
• Market: Lynnwood, WA
• Brokers: Byron Rosen, Tim McKay, Dan Chhan, Matt Kemper, Jacob Odegard, Dylan Roeter, David Karson & Chris Moyer - Cushman & Wakefield

Cushman & Wakefield played a key role in this transaction, representing both the buyer, Housing Authority of Snohomish County, and the seller, Integral NW. The deal supports the Housing Authority’s mission to provide a mix of affordable and fair-market housing options in the region.