Regio | 2335 Boylston Ave E
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Regio 2335 Boylston Ave E
71 Unit Apartment Building $15,451,480 CAD ($217,626 CAD/Unit) 6.14% Cap Rate Seattle, WA 98102
Investment Highlights
- Highly Coveted Eastlake Submarket: A pivot-point location with easy access to Interstate 5, Highway 99, and Downtown Seattle.
- Eight Floors of Modern Living: Includes a large common area (710 square feet) on street level, an oversized lobby, shared laundry, bike storage
- Brand-New Construction: Expected TCO in December 2024, with potential for 100% vacancy at closing.
- Stunning Views: Select units on the top three floors offer breathtaking views of downtown Seattle, Lake Union, and Portage Bay.
- Walkable and Bikeable: Scores of 88 and 75, respectively, making it easy to accomplish most errands on foot or by bike.
- Consistent Rental Demand: Average effective rent in the Lake Union submarket was $2,650 per month in Q2 2024, up 7.8% YoY.
Executive Summary
Introducing the all-new Regio — a prime investment opportunity nestled at 2335 Boylston Ave E, Seattle, WA 98102. Boasting 71 brand-new units in a pivot-point location, Regio is priced under $155,000 per unit and offers a seamless entry into Seattle's lucrative real estate market. Anticipated to be ready for occupancy within 120 days, the Regio stands out with its contemporary design and configuration to meet the demand for affordable housing in a sought-after Eastlake submarket. From small unit sizes to projected rent levels, this investment promises a low-risk, high-reward scenario. With a plethora of nearby amenities and excellent connectivity to key transit routes, the Regio is a magnet for young professionals seeking modern living spaces. The property's distinctive features, including stunning views and convenient shared common areas, ensure a premium living experience that resonates with the urban lifestyle of Seattle.
Property Facts
| Price | $15,451,480 CAD | Apartment Style | Low Rise |
| Price Per Unit | $217,626 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.14% | Building Size | 19,289 SF |
| No. Units | 71 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $15,451,480 CAD |
| Price Per Unit | $217,626 CAD |
| Sale Type | Investment |
| Cap Rate | 6.14% |
| No. Units | 71 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 19,289 SF |
| No. Stories | 8 |
| Year Built | 2024 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Views
- Pantry
Site Amenities
- Laundry Facilities
- Bicycle Storage
- Conference Rooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 71 | - | 166 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 290220-0756 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,584,183 CAD | Total Assessment | $2,584,183 CAD |
PROPERTY TAXES
Parcel Number
290220-0756
Land Assessment
$2,584,183 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,584,183 CAD
zoning
| Zoning Code | MR (M1) |
| MR (M1) |
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Chad Blenz -
Mitchell Belcher -
Steven Chattin -
Jay Timpani -
Brandon Lawler -
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Regio | 2335 Boylston Ave E
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