Updated Oct 26, 2026
SOLDMultiFamily
Colliers Brokers $20.4 Million Off-Market Sale Of 47-Unit Apartment Building In Seattle
403 Belmont Avenue East
$20,400,000
Units
47
Asset Type
MultiFamily
Closing
Oct 23, 2026
About this deal
AI
The property asset involved in this transaction is Stream 403, a multi-family apartment building located at 403 Belmont Avenue East in Seattle, WA. The sale was completed for a total price of $20,400,000 for 47 units, resulting in a price per unit of $434,043.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $20,400,000
- Address: 403 Belmont Avenue East
- Market: Seattle, WA
- Units: 47
- Price Per Unit: $434,043
The transaction was brokered by Colliers, with key individuals including Dylan Luxenberg, Reed Gustavsen, and Sam Wayne representing the parties involved in this off-market sale.
On the Map
$20,400,000
MultiFamily
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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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93