75-Unit Multifamily Property in Renton Trades for $8.7MM

Renton, Washington | January 2025

In a recent transaction underscoring continued interest in the Puget Sound region’s multifamily market, the Crestview Apartments, a 75-unit garden-style property located in Renton, Washington, has sold for $8.7 million, or $116,000 per unit.

The Crestview Apartments, located at 305 Lind Ave. near downtown Renton, comprises six buildings with small-unit layouts, making it an attractive value-add opportunity for investors. The property’s location, combined with its potential for upgrades and repositioning, positions it as a strategic investment in one of the Seattle metropolitan area’s most dynamic submarkets.

Ray West of Westlake Associates represented the seller in the transaction.