East Highland Apartments in Seattle’s Capitol Hill Neighborhood Trades for $5.6M

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Seattle multifamily investment team, led by Dylan Simon and Jerrid Anderson of Kidder Mathews, closed the sale of the East Highland Apartments on Friday, December 20, 2019. The property, located in the vibrant north end of Capitol Hill in Seattle, sold for $5,600,000, or $467,000 per unit, and $617 per net rentable square foot.

East Highland Apartments (1903-1907 E Highland Drive, Seattle, WA 98112) comprises 12 units across two buildings. The property, constructed in 1928, has been meticulously maintained, exuding the classic character of the neighborhood’s brick buildings, with discerning updates such as modernized kitchens.

Spacious units, tranquil outdoor amenity spaces, and an unbeatable location among residential blocks just minutes from charming retail corridors along 15th Avenue East and 19th Avenue East make the East Highland Apartments a rare find for discerning Seattle renters.

Dylan Simon, executive vice president; Jerrid Anderson, executive vice president; and Matt Laird, senior associate, at Kidder Mathews’ Seattle office represented the seller, East Highland Apartments LLC.

About the Dylan Simon and Jerrid Anderson multifamily investment team
The multifamily investment team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors and developers in the sale, purchase, and financing of apartment buildings and development land ranging from $1 million to more than $100 million in value. For more information, visit dylansimon.com.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 800 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9 billion in transactions, manages over 70 million square feet of space, and conducts over 1,600 appraisals annually. For more information, visit kidder.com.

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