Station Nine

JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire Station Nine Apartments, a 126-unit garden-style apartment community with significant value-add upside, strategically positioned in Lynnwood, Washington, at the crossroads of the region’s most dynamic employment and retail destinations.

Built in 1990, Station Nine Apartments offers a compelling mix of one-, two-, and three-bedroom apartments. The Property spans approximately 6 acres across 12 buildings, featuring common areas including a fitness center, pool, clubhouse, landscaped outdoor courtyards with grilling areas, playground, and pet-friendly amenities.

Station Nine presents a value-add opportunity with units in varying stages of renovation, allowing a new owner to implement strategic upgrades across the portfolio and capture additional rental premiums. In addition to interior upgrades, new ownership can enhance select community amenities to further elevate the resident experience. Collectively, these improvements provide the ability to capture rent premiums and reposition the remaining units in line with a modern renovation scope, positioning Station Nine Apartments competitively with the area’s newest apartment communities. Strategically located just off I-5 and I-405 in central Lynnwood, Station Nine Apartments delivers tenants immediate access to the region’s major employment corridors, including Seattle, the Eastside, and Everett. The Property occupies a prime position within minutes of Alderwood Mall, one of the Pacific Northwest’s premier retail destinations, and the rapidly developing Lynnwood City Center—a mixed-use urban village anchored by the Lynnwood Link Light Rail station, bringing direct rail connectivity to Seattle, the University of Washington, and Sea-Tac Airport.

The proximity to major employment centers, exceptional connectivity, and transformative transit infrastructure offers residents a compelling alternative to homeownership in the Lynnwood submarket at a significant discount compared to purchasing a single-family home, where a 20% down payment demands a substantial investment. This dynamic creates an attractive opportunity to acquire an asset with value-add potential in the Seattle MSA, a market experiencing near-term supply constraints and highly ranked for forecasted employment and GDP growth.