The Station at Othello Park

JLL, as exclusive advisor, is pleased to present the opportunity to acquire The Station at Othello Park (the “Property”), a 351-unit institutional-quality, transit-oriented apartment community in the heart of Rainier Valley.

Completed in 2011, the midrise features 5 floors of residential above structured parking and 17,276 square feet of 100% occupied ground-floor retail, anchored within a vibrant and growing urban corridor. The Property delivers residents a compelling urban lifestyle with relative affordability compared to Seattle and Bellevue’s core markets, with extensive community amenities and the Othello Light Rail Station located directly across the street.

Via the Link 1 Line, residents enjoy seamless connections to Downtown Seattle and South Lake Union — home to Amazon’s world headquarters (nearly 50K employees across 12M SF), leading technology and life sciences firms, and world-class hospitals.

The March 2026 opening of the 2 Line East Link extension further expands connectivity to the Eastside, providing direct rail access to Microsoft’s Redmond headquarters, Amazon’s Bellevue campus, Meta’s Reality Labs, and a growing cluster of AI companies — all within a 45-minute commute from Othello Station.

New ownership will benefit from the Property’s participation in Seattle’s Multifamily Tax Exemption (“MFTE”) program, with the abatement extended through 2035 in exchange for maintaining 20% of units at affordable levels — creating a durable tax advantage in a market facing near-term supply constraints and strong forecasted employment and GDP growth. This opportunity allows investors to acquire a transit-oriented asset at a significant discount to replacement cost, well-positioned for explosive rent growth as the market approaches a supply cliff.