Investment Overview

The Pacific Northwest Investment Sales Team of IPA has been retained as the exclusive listing broker for the sale of Cascadia at Fairwood Landing, a 109-unit multifamily community located in South King County. Situated within the Fairwood neighborhood along the Highway 169 corridor, the property benefits from a suburban setting that continues to attract households seeking a balance of access, livability, and relative affordability within the greater Seattle MSA.

Residents of Cascadia at Fairwood Landing benefit from convenient connectivity to major employment centers throughout the region, including Renton, Bellevue, Seattle, and the Kent Valley. Access to both Highway 169 and Highway 515 places the property within minutes of I-405, providing efficient regional connectivity. The location’s proximity to retail, services, and outdoor recreation further enhances its appeal, reinforcing Fairwood as a desirable and well-rounded residential destination.

Current ownership has completed significant capital improvements across both the interior and exterior of the property. With approximately 75% of units upgraded to modern, top-of-market finishes, Cascadia at Fairwood Landing offers investors a stabilized asset with meaningful remaining upside.

Desirable Fairwood Neighborhood

Located in unincorporated King County, Fairwood is a distinct community ideally located along Highway 169 between Renton and Maple Valley.  directly off of Hwy-169 between Renton and Maple Valley. The Highway 169 corridor is one of the region’s fastest-growing submarkets, driven by families continuing to seek a balance of connectivity, lifestyle, and relative affordability.

Excellent Physical Plant

Current ownership has invested significant capital into the asset throughout their hold, including all new roofs and windows, a full exterior repaint, extensive landscaping upgrades, updated property-wide signage, and high-quality interior renovations completed in approximately 75% of units, achieving top-of-market finishes.

Easy Access to Major Employment Hubs

Residents benefit from convenient access to major employment centers including Bellevue, Seattle, and the Kent Valley via Highway 169 and Highway 515, both located within approximately five minutes of the property. These corridors provide direct connectivity to I-405 near its junction with I-5, making the location particularly attractive for commuters.

Proximity to Retail

The property is within walking distance of three retail centers offering a mix of dining, shopping, and everyday services. This level of retail adjacency is rare for garden-style communities in the region and serves as a meaningful amenity for residents.

Strong Rent vs. Own Dynamic

Homes prices in Fairwood have increased dramatically in recent years as the Highway 169 corridor has become a more popular location with homebuyers. Renting at Fairwood is approximately 2.5 times cheaper on a monthly basis when compared to purchasing the average home in the area.

Gateway to Outdoor Recreation ‍

Fairwood offers the convenience of city living with easy access to the outdoor amenities the Pacific Northwest is known for. Highway 169 provides direct routes to Mount Rainier National Park and Crystal Mountain Ski Area, while its junction with Highway 18 connects residents to Snoqualmie Pass and the Cascade Mountains.