Press Releases
Marcus & Millichap Arranges the sale of a 47-Unit Seattle Apartment Building
SEATTLE, WA, June 3, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Saint Theodore on Roosevelt, a 47-unit apartment property located in Seattle, WA, according to Joel Deis, regional manager of the firm’s Seattle office—the asset sold for $17,475,000.
Jake Morse, Ryan Dinius, and Sidney Warsinske, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Jake Morse, Ryan Dinius, and Sidney Warsinske,
The Saint Theodore on Roosevelt, located at 6410 9th Ave NE in Seattle, WA, was built in 1999 and features a mix of one-, two-, and three-bedroom units, with an average unit size of 930 square feet.
“Our team was engaged by the original developer to bring this property to market for the first time,” said Jake Morse. “Over a focused three-week marketing campaign, we conducted 23 tours, received 10 offers, and ultimately selected an all-cash, out-of-state buyer who closed the deal in just 42 days from contract to close.”
The property benefits from a prime location just 0.2 miles from the Roosevelt Light Rail Station and 0.5 miles from Green Lake, with an average household income of $165,084 within a one-mile radius.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
