{"id":7105,"date":"2025-04-15T14:22:30","date_gmt":"2025-04-15T21:22:30","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=7105"},"modified":"2026-08-04T09:49:04","modified_gmt":"2026-08-04T16:49:04","slug":"case-study-5121-17th-ave-nw-21-units","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/","title":{"rendered":"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW | 21-Units"},"content":{"rendered":"<div id=\"pl-7105\"  class=\"panel-layout\" ><div id=\"pg-7105-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7105-0-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-7105-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-7105-0-1-0\" class=\"so-panel widget widget_sow-image panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-113ccd71f3e6-7105\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Sunset-House-17-1024x539.jpg\" width=\"1024\" height=\"539\" srcset=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Sunset-House-17-1024x539.jpg 1024w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Sunset-House-17-300x158.jpg 300w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Sunset-House-17-768x404.jpg 768w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Sunset-House-17-1536x808.jpg 1536w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Sunset-House-17-2048x1078.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"default\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><div id=\"panel-7105-0-1-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"1\" ><div class=\"panel-widget-style panel-widget-style-for-7105-0-1-1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3><\/h3>\n<h3><strong><span style=\"color: #009ad9\">Key Deal Points<\/span><\/strong><\/h3>\n<ul style=\"list-style-type: square\">\n<li>5121 17th Ave NW, Seattle<\/li>\n<li>14 tours, 40 signed CA<\/li>\n<li>41-Unit with Views of Salmon Bay &amp; Olympic Mountains<\/li>\n<li>Sale Price $4.85M<\/li>\n<li>Current Cap Rate 4.93%<\/li>\n<li>Represented Seller &amp; Buyer<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div><div id=\"panel-7105-0-1-2\" class=\"so-panel widget widget_sow-editor panel-last-child panel-has-overlay\" data-index=\"2\" ><div class=\"panel-widget-style panel-widget-style-for-7105-0-1-2\" >\t\t\t\t<div\n\t\t\t\t\tclass=\"panel-background-overlay\"\n\t\t\t\t\t\t\t\t\t\t\tstyle=\"background-image:url(https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2019\/07\/Quote-01-e1653503530561.png);background-position:center center;background-size:cover;opacity:0.15;\"\n\t\t\t\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<blockquote>\n<p><em>\u201cWorking with Dea, Candice, and the Lee Multifamily Team on the sale of Sunset House was a seamless and enjoyable experience. Their clear communication kept us informed at every step, and their positive, collaborative approach made the process effortless. They were highly accountable and proactive, facilitating every aspect of the transaction while providing immaculate due diligence files that kept everything on track. We truly appreciate their expertise and look forward to working with them again in the future.\u201d\u00a0<\/em><\/p>\n<p><i>- Buyer, Kite Partners<\/i><\/p>\n<p style=\"text-align: left\">\n<\/blockquote>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-7105-0-2\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-7105-0-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong>Challenge<\/strong><\/h2>\n<p>Our client, a longtime owner of an immaculate apartment building in the heart of Ballard, entrusted the Lee &amp; Associates Multifamily team with their multifamily property sale. Commissioned by their parents, the building had served as a family legacy for over 50 years. It held deep sentimental value\u2014not just as an asset, but as a home for two family members still residing there. This added an extra layer of care and sensitivity to the process, as the sale meant saying goodbye to a part of the family\u2019s history.<\/p>\n<p>While achieving the highest price was critical, the seller also prioritized finding a buyer who would honor the property\u2019s integrity and care for its tenants, many of whom had longstanding ties to the building. Pricing presented additional challenges due to below-market rents, persistent inflation, and the uncertainty surrounding an upcoming election<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-7105-0-2-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong>Action<\/strong><\/h2>\n<p>Recognizing the family\u2019s emotional connection and first-time experience with multifamily transactions, the Lee &amp; Associates team provided personalized guidance at every step. The family\u2019s pride in the property was evident in its pristine condition, strong tenant relationships, and their hands-on involvement in managing the building. With family members still living on-site, we took special care to approach the marketing and sale process with thoughtfulness and respect.<\/p>\n<p>We began by preparing detailed due diligence materials and creating a comprehensive marketing campaign designed to highlight the building\u2019s mid-century charm, exceptional upkeep, and value-add opportunities. Our Lee Multifamily team also leveraged its reputation for trustworthiness to instill buyer confidence and minimize contingencies. During our active marketing phase, as interest rates trended upward\u2014further complicating lending options for prospective buyers\u2014we concurrently assisted the family in implementing essential maintenance enhancements to the building\u2019s systems, ensuring the property maintained its operational integrity.<\/p>\n<p>Despite these challenges, we conducted numerous tours, generated strong investor interest, and secured four initial offers. The feedback from the market prompted us to recommend a strategic price adjustment, which attracted even more qualified buyers. Ultimately, we identified a local buyer with a proven track record in multifamily acquisitions who shared the seller\u2019s values and was committed to restoring the building\u2019s mid-century gem.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-7105-0-2-2\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"5\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong>Result<\/strong><\/h2>\n<p>By blending clear communication, expert market insights, and collaborative coordination with escrow and property management, the Lee &amp; Associates Multifamily team successfully navigated market uncertainties to achieve a smooth closing. The sale preserved the seller\u2019s legacy while meeting their financial and personal goals, demonstrating our commitment to delivering tailored solutions in complex transactions.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-7105-0-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-7105-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7105-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-7105-1-1\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-7105-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"6\" ><div class=\"panel-widget-style panel-widget-style-for-7105-1-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><em>For more information regarding this case study, please contact:<\/em><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-7105-1-2\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-7105-2\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7105-2-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-7105-2-1\"  class=\"panel-grid-cell\" ><div id=\"panel-7105-2-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"7\" ><div class=\"panel-widget-style panel-widget-style-for-7105-2-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"color: #009ad9\"><strong>Candice Chevaillier, CCIM<\/strong><\/span><\/p>\n<p>Principal<strong><br \/>\nD\u00a0 <\/strong>(206) 773-2694<br \/>\ncchevaillier@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-7105-2-2\"  class=\"panel-grid-cell\" ><div id=\"panel-7105-2-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"8\" ><div class=\"panel-widget-style panel-widget-style-for-7105-2-2-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"color: #009ad9\"><strong>Daniel Lim<\/strong><\/span><\/p>\n<p>Senior Vice President<br \/>\n<strong>D<\/strong>\u00a0 (206) 773-2692<br \/>\ndlim@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-7105-2-3\"  class=\"panel-grid-cell\" ><div id=\"panel-7105-2-3-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"9\" ><div class=\"panel-widget-style panel-widget-style-for-7105-2-3-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"color: #009ad9\"><strong>Dea Sumantri<\/strong><\/span><\/p>\n<p>Vice President<br \/>\n<strong>D<\/strong>\u00a0 (206) 773-2680<br \/>\ndsumantri@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-7105-2-4\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-7105-2-4-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"10\" ><div class=\"panel-widget-style panel-widget-style-for-7105-2-4-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"color: #009ad9\"><b>Sara Bago<\/b><\/span><\/p>\n<p>Associate<br \/>\n<strong>D<\/strong>\u00a0 (425) 443-0907<br \/>\nsbago@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-7105-2-5\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-7105-3\"  class=\"panel-grid panel-has-style\" ><div class=\"siteorigin-panels-stretch panel-row-style panel-row-style-for-7105-3\" id=\"blog\" data-stretch-type=\"full\" ><div class=\"so-panels-full-wrapper\" ><div id=\"pgc-7105-3-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7105-3-0-0\" class=\"so-panel widget widget_sow-headline panel-first-child\" data-index=\"11\" ><div class=\"panel-widget-style panel-widget-style-for-7105-3-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-f8d8efd972d8-7105 so-widget-fittext-wrapper\"\n\t\t\t data-fit-text-compressor=\"0\"\n\t\t><div class=\"sow-headline-container \">\n\t\t\t\t\t\t\t<h4 class=\"sow-headline\">\n\t\t\t\t\t\t<b>NEW<\/b> FROM THE MEDIA CENTER...\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"decoration\">\n\t\t\t\t\t\t<div class=\"decoration-inside\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div><\/div><div id=\"panel-7105-3-0-1\" class=\"so-panel widget widget_sow-post-carousel panel-last-child\" data-index=\"12\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-post-carousel so-widget-sow-post-carousel-base-ad93eedad001-7105\"\n\t\t\t\n\t\t>\t<div\n\t\tclass=\"sow-post-carousel-wrapper sow-post-carousel-theme-base\"\n\t\tstyle=\"overflow: hidden; max-width: 100%; min-height: 182px\"\n\t>\n\t\t<div class=\"sow-carousel-title\">\n\t\t\t<div class=\"sow-carousel-navigation \">\n\t\t\t\t\t\t<a href=\"#\" class=\"sow-carousel-next\" title=\"Next\" aria-label=\"Next Posts\" role=\"button\"><\/a>\n\t\t\t\t\t\t<a href=\"#\" class=\"sow-carousel-previous\" title=\"Previous\" aria-label=\"Previous Posts\" role=\"button\"><\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\n<div class=\"sow-carousel-container \">\n\t\t<div class=\"sow-carousel-wrapper\"\n\t\tdata-dir=\"ltr\"\n\t\tstyle=\"opacity: 0;\"\n\t\tdata-widget=\"post\" data-fetching=\"false\" data-page=\"1\" data-ajax-url=\"https:\/\/www.lee-associates.com\/northwest\/wp-admin\/admin-ajax.php?_widgets_nonce=8f103d5b34\" data-item_count=\"244\" data-carousel_settings=\"{&quot;loop&quot;:true,&quot;animation&quot;:&quot;Ease&quot;,&quot;animation_speed&quot;:400,&quot;autoplay&quot;:&quot;&quot;,&quot;pauseOnHover&quot;:&quot;&quot;,&quot;autoplaySpeed&quot;:8000,&quot;item_overflow&quot;:true,&quot;autoplay_continuous_scroll&quot;:false}\" data-responsive=\"{&quot;desktop_slides_to_scroll&quot;:1,&quot;tablet_landscape_breakpoint&quot;:1366,&quot;tablet_landscape_slides_to_scroll&quot;:2,&quot;tablet_portrait_breakpoint&quot;:1025,&quot;tablet_portrait_slides_to_scroll&quot;:2,&quot;mobile_breakpoint&quot;:480,&quot;mobile_slides_to_scroll&quot;:1}\" data-variable_width=\"true\" \t>\n\t\t<div\n\t\t\tclass=\"sow-carousel-items\"\n\t\t\t\t\t>\n\t\t\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/17\/q2-2026-office-market-report-2\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/09\/Office-Market-Report-Featured-Image-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-9329\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/17\/q2-2026-office-market-report-2\/\"\n\t\t\t\tid=\"sow-carousel-id-9329\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Office Market Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-office-market-report\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/09\/Retail-Market-Report-Featured-Image-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-9318\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-office-market-report\/\"\n\t\t\t\tid=\"sow-carousel-id-9318\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Retail Market Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-industrial-market-report\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/09\/Industrial-Market-Report-Featured-Image-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-9315\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-industrial-market-report\/\"\n\t\t\t\tid=\"sow-carousel-id-9315\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Industrial Market Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-multifamily-market-report\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/09\/Multifamily-Market-Report-Featured-Image-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-9305\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-multifamily-market-report\/\"\n\t\t\t\tid=\"sow-carousel-id-9305\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Multifamily Market Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t<\/div>\n\t\t<input type=\"hidden\" name=\"instance_hash\" value=\"b12ee413\"\/>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Key Deal Points 5121 17th Ave NW, Seattle 14 tours, 40 signed CA 41-Unit with Views of Salmon Bay &amp; Olympic Mountains Sale Price $4.85M Current Cap Rate 4.93% Represented Seller &amp; Buyer &nbsp; \u201cWorking with Dea, Candice, and the Lee Multifamily Team on the sale of Sunset House was a seamless and enjoyable experience. Their clear communication kept us informed at every step, and their positive, collaborative approach made the process effortless. They were&#8230;<\/p>\n","protected":false},"author":244,"featured_media":7121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[843,1061,1183],"tags":[1103,1104,1105,1146],"class_list":["post-7105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study","category-multifamily","category-seattle","tag-candice-chevaillier","tag-daniel-lim","tag-dea-sumantri","tag-sara-bago"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW<\/title>\n<meta name=\"description\" content=\"Discover how Lee &amp; Associates Pacific Northwest marketed and sold this 21-unit Seattle multifamily investment with multiple qualified buyers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW | 21-Units\" \/>\n<meta property=\"og:description\" content=\"Discover how Lee &amp; Associates Pacific Northwest marketed and sold this 21-unit Seattle multifamily investment with multiple qualified buyers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates Pacific Northwest\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nwleeassociates\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T21:22:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-04T16:49:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Case-Study-Buttons-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"924\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"sthomson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NWLeeAssociates\" \/>\n<meta name=\"twitter:site\" content=\"@NWLeeAssociates\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sthomson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/\"},\"author\":{\"name\":\"sthomson\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#\\\/schema\\\/person\\\/931b1b7e88eab37109aec4c62a449a56\"},\"headline\":\"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW | 21-Units\",\"datePublished\":\"2025-04-15T21:22:30+00:00\",\"dateModified\":\"2026-08-04T16:49:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/\"},\"wordCount\":1094,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/wp-content\\\/uploads\\\/sites\\\/74\\\/2025\\\/04\\\/Case-Study-Buttons-2.png\",\"keywords\":[\"candice chevaillier\",\"daniel lim\",\"dea sumantri\",\"sara bago\"],\"articleSection\":[\"Case Study\",\"Multifamily\",\"Seattle\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/\",\"name\":\"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/wp-content\\\/uploads\\\/sites\\\/74\\\/2025\\\/04\\\/Case-Study-Buttons-2.png\",\"datePublished\":\"2025-04-15T21:22:30+00:00\",\"dateModified\":\"2026-08-04T16:49:04+00:00\",\"description\":\"Discover how Lee & Associates Pacific Northwest marketed and sold this 21-unit Seattle multifamily investment with multiple qualified buyers.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/wp-content\\\/uploads\\\/sites\\\/74\\\/2025\\\/04\\\/Case-Study-Buttons-2.png\",\"contentUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/wp-content\\\/uploads\\\/sites\\\/74\\\/2025\\\/04\\\/Case-Study-Buttons-2.png\",\"width\":924,\"height\":627},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/04\\\/15\\\/case-study-5121-17th-ave-nw-21-units\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW | 21-Units\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#website\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/\",\"name\":\"Lee &amp; Associates Pacific Northwest\",\"description\":\"Serving Puget Sound and Greater Washington\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#organization\",\"name\":\"Lee & Associates Commercial Real Estate Services, LLC\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/wp-content\\\/uploads\\\/sites\\\/74\\\/2022\\\/06\\\/2017_Lee_Logo_Full-Color.png\",\"contentUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/wp-content\\\/uploads\\\/sites\\\/74\\\/2022\\\/06\\\/2017_Lee_Logo_Full-Color.png\",\"width\":1160,\"height\":521,\"caption\":\"Lee & Associates Commercial Real Estate Services, LLC\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/nwleeassociates\\\/\",\"https:\\\/\\\/x.com\\\/NWLeeAssociates\",\"https:\\\/\\\/www.instagram.com\\\/leeassociatesnw\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#\\\/schema\\\/person\\\/931b1b7e88eab37109aec4c62a449a56\",\"name\":\"sthomson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3d56615cf65d22dd8974d19ec4a500ed96d0099c9e1cd8122ba18d99c81f2370?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3d56615cf65d22dd8974d19ec4a500ed96d0099c9e1cd8122ba18d99c81f2370?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3d56615cf65d22dd8974d19ec4a500ed96d0099c9e1cd8122ba18d99c81f2370?s=96&d=mm&r=g\",\"caption\":\"sthomson\"},\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/author\\\/sthomson\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW","description":"Discover how Lee & Associates Pacific Northwest marketed and sold this 21-unit Seattle multifamily investment with multiple qualified buyers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/","og_locale":"en_US","og_type":"article","og_title":"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW | 21-Units","og_description":"Discover how Lee & Associates Pacific Northwest marketed and sold this 21-unit Seattle multifamily investment with multiple qualified buyers.","og_url":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/","og_site_name":"Lee &amp; Associates Pacific Northwest","article_publisher":"https:\/\/www.facebook.com\/nwleeassociates\/","article_published_time":"2025-04-15T21:22:30+00:00","article_modified_time":"2026-08-04T16:49:04+00:00","og_image":[{"width":924,"height":627,"url":"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Case-Study-Buttons-2.png","type":"image\/png"}],"author":"sthomson","twitter_card":"summary_large_image","twitter_creator":"@NWLeeAssociates","twitter_site":"@NWLeeAssociates","twitter_misc":{"Written by":"sthomson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/#article","isPartOf":{"@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/"},"author":{"name":"sthomson","@id":"https:\/\/www.lee-associates.com\/northwest\/#\/schema\/person\/931b1b7e88eab37109aec4c62a449a56"},"headline":"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW | 21-Units","datePublished":"2025-04-15T21:22:30+00:00","dateModified":"2026-08-04T16:49:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/"},"wordCount":1094,"commentCount":0,"publisher":{"@id":"https:\/\/www.lee-associates.com\/northwest\/#organization"},"image":{"@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Case-Study-Buttons-2.png","keywords":["candice chevaillier","daniel lim","dea sumantri","sara bago"],"articleSection":["Case Study","Multifamily","Seattle"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/","url":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/","name":"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW","isPartOf":{"@id":"https:\/\/www.lee-associates.com\/northwest\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/#primaryimage"},"image":{"@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Case-Study-Buttons-2.png","datePublished":"2025-04-15T21:22:30+00:00","dateModified":"2026-08-04T16:49:04+00:00","description":"Discover how Lee & Associates Pacific Northwest marketed and sold this 21-unit Seattle multifamily investment with multiple qualified buyers.","breadcrumb":{"@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/#primaryimage","url":"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Case-Study-Buttons-2.png","contentUrl":"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/04\/Case-Study-Buttons-2.png","width":924,"height":627},{"@type":"BreadcrumbList","@id":"https:\/\/www.lee-associates.com\/northwest\/2025\/04\/15\/case-study-5121-17th-ave-nw-21-units\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lee-associates.com\/northwest\/"},{"@type":"ListItem","position":2,"name":"Seattle Multifamily Investment Sale Case Study: 5121 17th Ave NW | 21-Units"}]},{"@type":"WebSite","@id":"https:\/\/www.lee-associates.com\/northwest\/#website","url":"https:\/\/www.lee-associates.com\/northwest\/","name":"Lee &amp; Associates Pacific Northwest","description":"Serving Puget Sound and Greater Washington","publisher":{"@id":"https:\/\/www.lee-associates.com\/northwest\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lee-associates.com\/northwest\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.lee-associates.com\/northwest\/#organization","name":"Lee & Associates Commercial Real Estate Services, LLC","url":"https:\/\/www.lee-associates.com\/northwest\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.lee-associates.com\/northwest\/#\/schema\/logo\/image\/","url":"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/2017_Lee_Logo_Full-Color.png","contentUrl":"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/2017_Lee_Logo_Full-Color.png","width":1160,"height":521,"caption":"Lee & Associates Commercial Real Estate Services, LLC"},"image":{"@id":"https:\/\/www.lee-associates.com\/northwest\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/nwleeassociates\/","https:\/\/x.com\/NWLeeAssociates","https:\/\/www.instagram.com\/leeassociatesnw"]},{"@type":"Person","@id":"https:\/\/www.lee-associates.com\/northwest\/#\/schema\/person\/931b1b7e88eab37109aec4c62a449a56","name":"sthomson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3d56615cf65d22dd8974d19ec4a500ed96d0099c9e1cd8122ba18d99c81f2370?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3d56615cf65d22dd8974d19ec4a500ed96d0099c9e1cd8122ba18d99c81f2370?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d56615cf65d22dd8974d19ec4a500ed96d0099c9e1cd8122ba18d99c81f2370?s=96&d=mm&r=g","caption":"sthomson"},"url":"https:\/\/www.lee-associates.com\/northwest\/author\/sthomson\/"}]}},"_links":{"self":[{"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/posts\/7105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/users\/244"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/comments?post=7105"}],"version-history":[{"count":17,"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/posts\/7105\/revisions"}],"predecessor-version":[{"id":8929,"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/posts\/7105\/revisions\/8929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/media\/7121"}],"wp:attachment":[{"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/media?parent=7105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/categories?post=7105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lee-associates.com\/northwest\/wp-json\/wp\/v2\/tags?post=7105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}