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Mercer Apartments

Located on the 50-yard line of Seattle’s prestigious Queen Anne/Uptown neighborhood, the charming Mercer Apartments was built in 1929 and is comprised of 22 spacious one bedroom and 19 large studio units with dressing rooms/dens. The Mercer has been tastefully updated with timeless improvements to the kitchens and baths that offer functionality while maintaining the character of the building. The apartments are located within walking distance to some of Seattle’s strongest employment growth including Amazon, Apple, Google, and other tech giants rapidly expanding in South Lake Union. The Mercer Apartments is perfectly positioned to capitalize on the demand for updated apartments with old world charm and modern amenities.

Address

105 Mercer St
Seattle, WA 98109

Type

Multi-Family

Status

Sold

Price

$11,800,000

Cap Rate

3.84%

# of Units

41

Price per Unit

$287,804

Available SF

32,908 SF

Price Per SF

$358.58

Land Area

12,632 SF

Year Built

1929

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