Arbor Woods Apartments

Westlake Associates, Inc. is pleased to present the exclusive offering of Arbor Woods, a 35-unit apartment community located at 6230 South 129th Street in Seattle, Washington.

Originally constructed in 1978, Arbor Woods consists of five residential buildings situated on approximately 1.64 acres. The property offers an unusually diverse unit mix ranging from one-bedroom garden-style apartments to spacious two-, three-, and four-bedroom townhomes, creating a residential profile that serves a broad tenant base. The community totals approximately 30,043 rentable square feet and includes 49 off-street parking spaces, a central courtyard, leasing office, on-site laundry, barbecue and picnic areas, and a leasing office.

Arbor Woods offers a large concentration of two-, three-, and four-bedroom townhome units further differentiates Arbor Woods from conventional apartment inventory and provides residents with larger floor plans ranging up to approximately 1,178 square feet. All the units have been updated over the years and are in good to very good condition.

While Arbor Woods operates under an affordability agreement, which pretty much mimics the market rates for these apartments. Under the Washington Works LURA, 40% of the units are reserved for households earning up to 60% of Area Median Income, while 60% of the households up to 80% of AMI. Using the limits presented in the prior offering, qualifying household incomes ranged from $69,060 for a one-person household at 60% AMI to $152,640 for a six-person household at 80% AMI.

Importantly, the affordability structure may also provide a significant operating benefit. The property was previously identified as eligible for a 100% real estate tax exemption, subject to continued qualification, materially reducing one of the largest recurring expenses associated with multifamily ownership. Together, the property’s scale, family-oriented unit mix, rental upside, tax advantages, and central location between Seattle, Renton, and Tukwila create a compelling combination of current income and long-term investment potential.