Investment Overview

The White House Apartments, available to the market for the first time in over 15 years, is a fourteen-unit community located in the heart of Seattle’s most desirable neighborhood: Capitol Hill. Originally constructed in 1963, White House has been carefully maintained and updated to ensure that it is a desirable community for tenants and a low-maintenance asset for ownership. Boasting a walk-score of 98, the property is situated within a one-mile walk of hundreds of restaurants and bars, thousands of jobs, and a quarter mile from the Capitol Hill Link Light Rail Station. Comprised of six ±350-square foot studios and eight ±550-square foot one-bedroom/one-bathroom units, the property offers a range of living spaces that are desirable to tenants looking to take advantage of all that Seattle has to offer. Capitol Hill is one of the most coveted neighborhoods in Seattle offering unmatched access to 620,000+ jobs at companies such as Amazon, Google, Expedia, Meta, Microsoft as well as some of the largest hospitals on the West Coast including Swedish Hospital, UW Medical Center, Harborview Medical Center, and more. Additionally, Capitol Hill is home to Seattle’s most exciting dining and entertainment scene. Within just a few blocks radius there are multiple bus stops, the Link Light Rail Station, grocery stores, restaurants, concert venues, and bars. White House has undergone significant improvements, including updated copper plumbing, recent exterior painting, updated common areas, and secure entry. The interior of the units has been well maintained and updated as well, featuring LVP flooring throughout and top-floor units offering vaulted ceilings and skyline views. These improvements not only enhance the property’s curb appeal but also contribute to the long-term durability, reducing maintenance costs for the foreseeable future.