Caldwell Apartments

Westlake Associates, Inc. is proud to present the Caldwell Apartments for sale. Located at the edge of Seattle’s thriving Capitol Hill neighborhood, the Caldwell presents investors with the opportunity to own turn-key investment property with an in-place 4.75% cap rate in one of the premier sub-markets in the Seattle area.

The property is nicely situated with south facing units on a residential street less than a block off Madison- a main arterial providing a straight shot to Downtown to the west and the Madison Park waterfront neighborhood to the east. Safeway, Trader Joes, and numerous other amenities are just steps from the Caldwell. Head a few blocks north-east across Madison and you are on the lively 15th Avenue- home to a collection of boutiques, restaurants, coffee shops, as well as Seattle’s Group Health Hospital. About a mile from the front steps of the Caldwell is the 48-acre Volunteer Park. Broadway Avenue and the Pike/Pine Corridor, the bustling commercial and retail hubs on the “the hill”, are both within walking to distance, as is the Capitol Hill Light Rail Station which provides quick access to the University of Washington, Downtown, and Sea-Tac Airport.

With functional one and two bedroom floorplans, including three townhouse units, the Caldwell capitalizes on the high demand for units with space for a home office. The rapid expansion of Amazon, Google, Meta and other tech giants in nearby South Lake Union, along with the continued grown of Capitol Hill mainstays like Group Health, Swedish, and Seattle U combine to provide a consistent stream of demand for units at the Caldwell.