Arie Apartments, a fully occupied 17-unit multifamily asset located at 2600–2606 NW 58th Street in Seattle’s Ballard neighborhood, has been brought to market. Priced at $7.7 million, or approximately $453,000 per unit, the 15,530-square-foot property is offered free and clear of existing debt and is marketed with a trailing 12-month cap rate of 5.6 percent. Cushman & Wakefield is managing the listing on behalf of Seattle-based Elevate Investments, which purchased the property in 2022 for $5.25 million, or about $308,823 per unit.

The site encompasses 0.22 acres and falls within the LR2(M) zoning designation. Built in 1985 and renovated in 2024, Arie Apartments underwent a $681,000 capital improvement program, or roughly $40,000 per unit. Marketing materials underline that the repositionin

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