Monticello, a 107-unit apartment community located at 415 Boren Ave in Seattle’s First Hill neighborhood, has been acquired by Nordic Partners Investments. Dylan Simon, Jerrid Anderson, and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller and sourced the buyer in the transaction.
Built in 1957, Monticello spans 42,342 net rentable square feet across 107 units in the heart of Seattle’s urban core. The off-market acquisition drew multiple competing offers, delivering Nordic Partners Investments a value-add multifamily asset with meaningful economic upside in one of the city’s most established neighborhoods.
“Monticello is proof that capital is actively hunting for Seattle multifamily,” said JD Fuller, Associate Vice President at Kidder Mathews. “We generated multiple offers on an off-market process for a 1957 vintage asset with meaningful economic upside. When buyers are competing that hard for value-add deals, it tells you exactly where investor conviction sits right now.”
Located just east of downtown Seattle, First Hill is one of the city’s most walkable and densely populated neighborhoods, anchored by a major medical and institutional employment base alongside easy access to downtown, Capitol Hill, and the broader urban core. Its central location and enduring renter demand continue to make it one of the city’s most competitive multifamily submarkets.
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 15 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, 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 54 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
