4351 15th Ave S, Seattle, WA 98108

Cushman & Wakefield Multifamily Capital Markets is pleased to present an exclusive opportunity to acquire Harlow Heights, a newer construction, institutional-quality asset in one of Seattle's most supply-constrained urban neighborhoods, combining durable in-place cash flow with clear, steady upside.

The investment is anchored by high-quality construction, large unit layouts, and structured parking, all of which differentiate the asset from the surrounding housing stock in Beacon Hill. Combined with west-facing views toward Puget Sound and the Olympic Mountains, the property delivers a level of product quality that is difficult to replicate today—particularly at its basis.

Investors benefit from below-market in-place rents with a clear path to mark units to market through natural lease rollover, alongside additional upside from operational optimization and ancillary income expansion – including parking, utility reimbursements, and in-place commercial income. With limited near-term capital requirements, the asset provides a clean, predictable cash flow profile with multiple levers to drive NOI growth over time.

Harlow Heights is offered well below replacement cost, in a submarket where new development is effectively stalled due to elevated construction costs and entitlement challenges. This creates a compelling setup where existing assets are positioned to capture future rent growth without new competitive supply, supporting long-term NOI expansion and value appreciation.