facebook
Traded Co logo
Submit
Daily limit: 0/10

Anchor House Apartments LLC Acquires Seattle Multifamily Property From Casal Real Property LLC For $6.75M

Property Image
SOLD
$6,750,000
Jerrid Anderson
Dylan Simon
+ 1

Washington

See Similar Deals
MultiFamily
Sold 06/09/2025
the dealplayerscompscontact
Property Image
SOLD

Anchor House Apartments LLC Acquires Seattle Multifamily Property From Casal Real Property LLC For $6.75M

2714 Fairview Avenue East

See Similar Deals
MultiFamily
Sold 06/09/2025
Jerrid Anderson
Dylan Simon
+ 1
Contact now

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved the sale of Anchor House Apartments, a multifamily asset comprising 18 units located at 2714 Fairview Avenue East in Seattle, WA. The total transaction price was $6,750,000, resulting in a price per unit of $375,000. The property is positioned waterfront on Lake Union within Seattle’s Eastlake neighborhood.

Summary of transaction details:

The deal was facilitated by Kidder Mathews’ Simon | Anderson Multifamily Team, which brokered the off-market sale of the property. The transaction highlights the involvement of seasoned brokers in navigating the complexities of multifamily real estate transactions in the Seattle area.

Players

Dylan Simon
15 deals$365.8M volume
BROKER

Matt Laird
Kidder Mathews
7 deals$229.5M volume
BROKER

Jerrid Anderson
Kidder Mathews
14 deals$350.8M volume
BROKER

Jack Shephard
Kidder Mathews
1 deal$6.8M volume(425) 691-6826
BROKER

Kidder Mathews
BROKERAGE

Details

SOLD
IMAGE: 06/09/2025 ADDRESS: 2714 Fairview Avenue East MARKET: Seattle, WA ASSET TYPE: Multifamily BUYER: Anchor House Apartments, LLC SELLER: Casal Real Property, LLC BROKERS: Dylan Simon, Jerrid Anderson, Matt Laird & Jack Shephard - Kidder Mathews SALE PRICE: $6,750,000 UNITS: 18 ~ PPU: $375,000 NOTE: Kidder Mathews’ Simon | Anderson Multifamily Team brokered the $6.75M off-market sale of Anchor House Apartments, an 18-unit waterfront property on Lake Union in Seattle’s Eastlake neighborhood.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$360,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32