Updated Aug 11, 2025
Vista Investment Group Acquires Seattle Multifamily Portfolio From John Stephanus For $35.2M
1705 Belmont Avenue, 1330 Boren Avenue & 527 Eastlake Avenue East
$35,200,000
Units
215
Asset Type
MultiFamily
Closing
Aug 8, 2025
About this deal
AI
A multi-family property portfolio, consisting of three apartments located at 1705 Belmont Avenue, 1330 Boren Avenue, and 527 Eastlake Avenue East in Seattle, WA, has been sold for $35,200,000. The portfolio comprises a total of 215 units with a price per unit of $163,721.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $35,200,000
- Buyer: Vista Investment Group
- Seller: John Stephanus
- Units: 215
- Price Per Unit: $163,721
The transaction was brokered by Kidder Mathews, with a team comprising John Stephanus, Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller representing both the seller, John Stephanus, and the buyer, Vista Investment Group.
On the Map
$35,200,000
MultiFamily
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Players
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93