Cushman & Wakefield has brokered the sale of an apartment community near the new light rail station in Downtown Bellevue, Washington for US $16.1 Million.

The sale is the first time in over 50 years the 44-unit Bellefield Manor community which occupies approximately 1.8 acres has come on the market.

Bellefield Manor was acquired by a California investor who is expected to make cosmetic upgrades to the property which has undergone extensive interior and exterior renovations over the past decade.

Dan Chhan, managing director of Cushman & Wakefield’s Pacific Northwest Capital Markets unit and Managing Director for Northwest Multifamily Capital Markets, Tim McKay, were assisted in the sale and marketing of the property by colleague Sam Wayne. Matt Kemper (also of Cushman & Wakefield) represented the seller – a local family investor – in the transaction.

Families and professionals continue to compete for the chance to live in sought-after Bellevue, recognized as one of most desired large cities on the West Coast.

“Marking the first time the property was available for sale in more than 50 years, this was truly a rare multifamily market opportunity in downtown Bellevue. Through its strategic capital improvement plan, the buyer can now further elevate Bellefield Manor to compete with the higher-end apartment product in the area, is known for its here demand continues to outweigh current supply for Tier 1 housing,” says McKay. “Families and professionals continue to compete for the chance to live in sought-after Bellevue, recognized as one of most desired large cities on the West Coast.”

Bellefield Manor’s location on 1830 108th Ave SE is just a mile from the Downtown Bellevue core – including Bellevue Square (the region’s top retail destination). The area offers an abundance of restaurants and high-end entertainment options, as well as exceptional schools. As a location, Downtown Bellevue is favored by several major global companies across diverse industries who are some of the biggest employees of an estimated local workforce of n 175,000 employees.

The property also benefits from being located within half-mile of the Sound Transit South Bellevue light rail station, which is expected to open in Spring 2025. The new station will offer an easy commute from several planned stops including Downtown Seattle, SeaTac Airport, and the University of Washington.