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Updated about 6 years ago on . Most recent reply

Simon Hatzey's profile image
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Simon Hatzey
  • from Mountlake Terrace, Washington
  • Member since Dec 29, 2017
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Simon Hatzey's profile image
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Simon Hatzey
  • from Mountlake Terrace, Washington
  • Member since Dec 29, 2017
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Simon Hatzey
  • Mountlake Terrace, WA
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New Member Introductions

Avarage cost to build a 20 unit Apartment? Seattle area

Simon Hatzey
  • Mountlake Terrace, WA
Posted

Hello My names is Simon and I am a real estate broker/investor.  I am new to this form.  I live North of Seattle and I am hoping to get more info on how much it cost to build  4-story, 20-25 unit apartment(Avg per sqft) .  We have a land in prime Shoreline area.  The original plan was to build 5-townhomes and sell but we are considering building apartment and hold long term.  Any feedback greatly appreciated.  

Thank you,

Simon

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Aaron Flake's profile image
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Aaron Flake
  • Real Estate Agent
  • from Mukilteo, WA
  • Member since Oct 13, 2018
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Aaron Flake's profile image
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Aaron Flake
  • Real Estate Agent
  • from Mukilteo, WA
  • Member since Oct 13, 2018
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Aaron Flake
  • Real Estate Agent
  • Mukilteo, WA
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Aaron Flake
  • Real Estate Agent
  • Mukilteo, WA
Replied

Cost per square foot is dangerous. From research I did a few years ago I believe I was hearing $125-150... Probably more now. Lots of variables. 

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