Dover Apartments

JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire The Dover, an apartment community located in downtown Seattle’s Central Business District.

Built in 1907, The Dover Apartments (the “Property” or “Subject”) is a 59-unit mid-rise apartment community located in the downtown Seattle core and is walkable to a host of the largest employers in the region. The Property consists of thirty studios, sixteen 1-bedroom 1-bathroom units, six 2-bedroom 1-bathroom units, and seven 3-bedroom 1-bathroom units, with the opportunity to add an additional 60th studio unit that is currently an unleased storage area.

New ownership stands to benefit from the Property’s proximity to Seattle’s core technology employers, nationally acclaimed healthcare facilities, and centers of higher education. Ideally located along the I-5 corridor just 2 blocks from the nearest on-ramp, the Property offers unrivaled accessibility to the broader Puget Sound region. Residents enjoy the advantages of urban living at The Dover, including access to over 9 million square feet of retail within a one-mile radius. Additionally, current ownership is offering attractive seller financing, providing future owners with accommodating terms (see financial analysis section for more detail).