45-Unit Clarwood Apartments Seeking $5.25M in Seattle's First Hill

1920s vintage building offers value-add opportunity at $117,000 per unit as Seattle construction pipeline slows

Jan. 28, 2026 at 12:15pm

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The Clarwood Apartments, a 45-unit building in Seattle's First Hill neighborhood, is on the market for $5.25 million, or $117,000 per unit. The 1920s vintage building presents a value-add opportunity as Seattle's construction pipeline slows.

Why it matters

The sale of the Clarwood Apartments highlights the continued demand for multifamily properties in desirable Seattle neighborhoods like First Hill, even as the city's overall construction activity has declined. The value-add potential of the 1920s building could attract investors looking to renovate and upgrade older apartment stock.

The details

The Clarwood Apartments is a 45-unit building located in Seattle's First Hill neighborhood. The 1920s vintage property is being marketed for $5.25 million, or $117,000 per unit. The building presents a value-add opportunity for investors, as Seattle's construction pipeline has slowed in recent years, creating demand for upgraded older apartment stock.

  • The Clarwood Apartments was built in the 1920s.

The players

Clarwood Apartments

A 45-unit apartment building located in Seattle's First Hill neighborhood.

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The takeaway

The sale of the Clarwood Apartments demonstrates the continued appeal of multifamily properties in desirable Seattle neighborhoods, even as the city's overall construction activity has slowed. The value-add potential of the 1920s building could attract investors looking to renovate and upgrade older apartment stock to meet market demand.