Mio Apartments 1319 NE 65th St Immeuble residentiel 40 lots 11 468 803 € (286 720 €/Lot) Taux de capitalisation 4,80 % Seattle, WA 98115

Trophy Asset in a Prime Submarket: Built in 2017, Mio Apartments is a modern, pride-of-ownership asset located in Seattle’s high-growth Roosevelt neighborhood. The property is exceptionally maintained, offering investors a low-maintenance, long-term hold with steady cash flow potential.
Transit-Oriented Location: Just 0.1 miles (a 3-minute walk) from the Roosevelt Light Rail Station and boasting a Walk Score of 97, Mio offers unmatched accessibility to Seattle’s core and beyond— an ideal spot for today’s commuter tenant.
Modern Construction & Durable Design: Constructed with long-lasting materials and contemporary finishes, the 40-unit residential building includes 27 studios (~401 SF) and 13 one-bedrooms (~518 SF), ensuring a versatile unit mix for urban renters.
Steady Commercial Income: Two street-level retail suites offer additional stability, with Santo Coffee (1,230 SF) and Berry Much (400 SF) providing steady rental income and convenience for tenants. Leases in place add to the investment’s security.
Full Amenity Package: Residents enjoy a comprehensive suite of amenities including a rooftop terrace with BBQs and fire pit, fitness center, shuffleboard, bike repair and wash station, high-speed Wi-Fi in common areas, and green roof landscaping—all supporting an active, connected lifestyle.
Luxury Interior Finishes: Every unit is equipped with high-end features such as quartz countertops, stainless steel appliances, energy-efficient lighting, roller shades, and expansive floor-to-ceiling windows for abundant natural light.
Annual Tax Benefits: Participation in Seattle’s 12-year MFTE program, with 25% of units designated affordable, provides annual property tax savings exceeding $95,000 through 2029.
Long-Term Value: Situated in a rapidly growing urban node and less than two blocks from major arterials, Mio is well-positioned to benefit from future transit expansions and Roosevelt’s continued development pipeline.
Resilient Submarket Fundamentals: Roosevelt demonstrates strong rental demand, with approximately 68% of households being renter-occupied. As of early 2025, average rents in the neighborhood were $2,053 per month, indicating a robust environment for sustained rental revenue.