Cornelius Apartments, a 137-unit property located at 306 Blanchard Street in Seattle’s Belltown neighborhood, has sold for $19,000,000. Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller.
Built in 1925, the classic brick nine-story building features units averaging 455 square feet. Originally designed as a hotel, Cornelius has a colorful past that includes hosting high-profile guests such as Elvis Presley during the era of the 1962 World’s Fair and the unveiling of the Space Needle.
The property is situated close to Pike Place Market, the waterfront, and Olympic Sculpture Park, with dining, nightlife, and cultural venues such as The Crocodile nearby.
“This transaction underscores the continued investor demand for well-located multifamily assets in Seattle’s urban core,” said Simon. “Belltown has seen meaningful improvement in recent years, reclaiming its position as one of the city’s most vibrant neighborhoods. Looking ahead, properties like Cornelius Apartments highlight the opportunities for investors to participate in both the neighborhood’s resurgence and Seattle’s long-term growth story.”
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 12 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 20 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.
