Metro on First, a 106-unit apartment community in Seattle’s highly sought-after Queen Anne neighborhood, has sold for $42,600,000. Dylan Simon, Jerrid Anderson, and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller — a large, institutional owner — and directly sourced the buyer.
Located at 215 First Avenue W, the property spans 72,194 square feet and features a mix of studio, one-bedroom, and two-bedroom units. Originally built in 2001, Metro on First has undergone substantial interior renovations in recent years, positioning it as a light value-add opportunity for the new owner. Its premier Queen Anne location offers immediate access to downtown Seattle, South Lake Union, and a host of lifestyle amenities — making it a prime asset in the city’s evolving multifamily market.
“Metro on First offers a rare combination of location, scale, and potential in one of Seattle’s most desirable neighborhoods,” said Simon. “Investor appetite remains strong for well-positioned assets like this, even in today’s evolving market landscape.”
About the Simon | Anderson Multifamily Team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 13 brokerage professionals specializes in the sale and purchasing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 58 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
