195 Renton Units Sell for over $47M

195 Renton units sell for over $47M

Cascadia at Fairwood Landing, at 14121 S.E. 177th St., sold this week for $47.5 million, according to King County records.

IPA Arranges $47.5M Sale of Cascadia Fairwood Landing Apartments in Renton, Washington

RENTON, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $47.5 million sale of Cascadia at Fairwood Landing, a multifamily property in Renton’s Fairwood neighborhood. Giovanni Napoli, Philip Assouad, Ryan Harmon, Anthony Palladino and Nicholas Ruggiero of IPA represented the seller, Sack Capital Partners, and procured the buyer, Bridge Partners, in the deal. Built in 1981 and renovated in 2025, Ca…

Bridge Partners Affiliate Buys 195-Unit Cascadia at Fairwood Landing in Renton for $47.5MM

A Bridge Partners affiliate paid $47.5 million for the renovated Renton apartment complex, roughly $13.5 million less than Sack Properties paid for the same 195 units in 2022, a gap that traces back to rising cap rates rather than any weakness in the property itself. A Renton apartment community that traded for $61 million at the height of the pandemic-era buying frenzy has changed hands again for far less, a gap that speaks as much to where mul…