Marcus & Millichap Sells 15-Unit Apartment Building In Seattle For $3 Million

A multi-family asset located at 4708 22nd Avenue Northeast, Seattle, WA was sold for $3 million. This property consists of 15 units, translating to a price per unit of $200,000. The sale price represents approximately $443 per square foot, which exceeds the city’s year-to-date average.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,000,000
• Units: 15
• Price Per Unit: $200,000
• Sale Date: 07/21/2026
• Market: Seattle, WA

Jake Morse from Marcus & Millichap represented the seller in this transaction, facilitating the sale of The Penrith, an apartment building in Seattle’s University District.