Norwestern LLC Acquires Multifamily Asset From Martin Selig Real Estate For $5.3M In Seattle

3031 Western Avenue is a multifamily property located in Seattle, WA. The asset was sold for $5,300,000 and consists of 120 units, calculating to a price per unit of $44,167. The buyer intends to develop a 13-story luxury apartment project adjacent to Olympic Sculpture Park.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,300,000
• Buyer: Norwestern LLC
• Seller: Martin Selig Real Estate
• Brokers: Tim McKay, Byron Rosen, Dan Chhan, Jacob Odegard, Matt Kemper & Dylan Roeter - Cushman & Wakefield
• Units: 120
• Price Per Unit: $44,167
• Sale Date: 03/24/2026

This transaction saw Norwestern LLC as the buyer acquiring the property from Martin Selig Real Estate. The deal was facilitated by a team of brokers from Cushman & Wakefield, who represented the respective parties throughout the process.