Investment Overview

The Pacific Northwest Investment Sales Team of IPA has been retained as the exclusive listing broker for the sale of The Court at Northgate, a 132-unit multifamily community (including one non-conforming unit). Situated adjacent to the dynamic Northgate mixed-use urban center, the property benefits from proximity to one of the premier transit-oriented hubs in the Seattle market, offering convenient light rail access to the University of Washington (9 minutes) and Downtown Seattle (13 minutes), while providing an ideal balance of urban convenience and suburban tranquility.

Residents of The Court at Northgate benefit from convenient connectivity to major employment centers throughout the region, including Downtown Seattle and the North Lake Union tech corridor, home to employers such as Adobe, Lumen, OctoAI, and The Allen Institute. The University of Washington, UW Medicine, and Seattle Children’s Hospital are located within five minutes from the property. Proximity to a wide array of retail, services, and outdoor recreation further enhances the community’s appeal, reinforcing The Court at Northgate as a well-rounded residential destination within a high-growth submarket.

Transit-Oriented Community

Located within a five-minute walk of the Northgate Link Light Rail Station, The Court at Northgate offers seamless commutes to key employment hubs. Residents benefit from direct access to Downtown Seattle (16 minutes) and the University of Washington (9 minutes).

Prime North Seattle Submarket

Situated in the Pinehurst neighborhood, The Court at Northgate offers a balance of urban convenience and suburban tranquility. Residents benefit from quiet residential surroundings with immediate access to Northgate’s retail, dining, and amenities, as well as proximity to great schools and direct access to the recently renovated Hubbard Park.

Walkable Mixed-Use Amenities

The property is located just 200 yards from the transformative Northgate Station redevelopment, featuring 750,000+ square feet of retail, dining, and entertainment, as well as the Kraken Community Iceplex. A Walk Score of 90 provides residents with exceptional access to daily amenities.

Proven Value-Add Opportunity

Current ownership has renovated approximately 75% units, achieving premium rents that validate the renovation program. An incoming investor can complete upgrades on the remaining units, providing a clear path to additional rental upside and enhanced asset positioning.

Proximity to Major Employers

Residents enjoy convenient access to Downtown Seattle, South Lake Union, and Redmond, with major employers including Amazon, Google, Meta, Microsoft, UW, and UW Medicine all within a five to 30-minute commute.

Favorable Rent vs. Own Dynamics

With median home values exceeding $715,000 in the Pinehurst neighborhood and estimated ownership costs above $4,650 per month, renting at The Court at Northgate provides savings of approximately 55% compared to homeownership in this high-cost Seattle submarket.