Helm + Mera — Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Seattle, WA
  • Year built: 2019

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Description

JLL, as exclusive advisor, is pleased to present the opportunity to acquire Helm and Mera (the “Properties”) — a trophy waterfront portfolio totaling 149 units, offered individually or as a combined acquisition. Delivered in 2019 by Vulcan Real Estate as part of the larger Lakefront Blocks development, each Property is situated within a separate, full-block mixed-use development that together include 625K SF of Google’s fully occupied, 970K SF South Lake Union campus and ground-floor retail — placing Helm and Mera at the center of Seattle’s most significant employment hub. Built to condominium-level specifications, the Properties represent the highest standard of luxury multifamily construction in Seattle — best-in-class finishes throughout, spacious floor plans averaging over 1,000 SF, and expansive windows framing protected, unobstructed views of Lake Union from an iconic lakefront location. Residents enjoy a resort-caliber amenity package including rooftop decks with outdoor kitchens, panoramic water, Space Needle, and city skyline views, fitness centers, and club and media rooms — all within LEED-CS Gold certified buildings. Each block is governed by its own master condominium association with the residential components positioned above the commercial office podiums. Helm and Mera are prominently located within the South Lake Union submarket – one of the premier urban live-work-play neighborhoods in the United States with walkable dining, entertainment, parks, and waterfront amenities. The Properties enjoy proximate access to multiple modes of transportation, including I-5, State Highway 99, and the Seattle Streetcar, which connects to the region’s light rail system.

Market Context

This multifamily in Seattle, WA is listed for sale. The building dates to 2019. 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 average asking rents near $2004.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Seattle / Bellevue multifamily market tightening or softening?
Vacancy is around 7.3% (Q1 2026).

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