Built in 2023, the 661-square-foot average units at The Sophie offer $2,210 average rents

Small-scale apartment properties built during the recent construction boom are beginning to enter the resale market across Puget Sound, with transaction activity picking up as interest rates stabilize and investors reassess suburban markets. Among the latest offerings is The Sophie, a 46-unit community in Poulsbo that Cushman & Wakefield has brought to market just two years after its completion. Pricing guidelines have not been disclosed.

The property at 18809 Jensen Way NE sits in downtown Poulsbo, where walkability to restaurants, retail and the waterfront has become a key selling point for newer developments. Built in 2023, the building averages $2,210 in monthly rent across units that span an av

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