130th St Light Rail Station Land Assemblage — Sale in Seattle, WA

  • Price: $15.3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Seattle, WA 98125

Description

This assemblage of parcels is an ideal and timely development opportunity to begin transforming this Seattle neighborhood near the 130ᵗʰ Street Light Rail Station. The light Rail Station is scheduled to open in 2026. These parcels are located within the new Pinehurst-Haller Lake Urban Center and are being rezoned to Midrise 2, which allows residential structures up to eight stories . Across the street is Northacres Park. Conveniently located minutest away from UW Medical Center, Ingraham High School, and new retail and restaurants to be developed. Land Size: 66898.0 SF | Listing Type: FOR SALE

Market Context

This multifamily in Seattle, WA is listed for sale at $15,269,375. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Seattle, WA — view the full market.

As of Q1 2026, the Seattle / Bellevue multifamily market showed a 7.3% vacancy rate, and cap rates around 5.5%. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

What is the typical cap rate for multifamily in Seattle / Bellevue?
About 5.5% as of Q1 2026, per multiple brokerage reports.
Is the Seattle / Bellevue multifamily market tightening or softening?
Vacancy is around 7.3% (Q1 2026).

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