Cascadia at Fairwood Landing/Renton, WA

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Multifamily

Renton, WA

195 Units

Built in 1981

Suburban Core

Desirable Fairwood Neighborhood: Located in unincorporated King County, Fairwood is a distinct community ideally located along Highway 169 between Renton and Maple Valley.
Excellent Physical Plant: Current ownership has invested significant capital into the asset throughout their hold.
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.
Proximity to Retail: The property is directly across the street from three retail centers offering a mix of dining, shopping, an anchored grocer, 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: Home 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 2.3 times cheaper on a monthly basis when compared to purchasing the average home in the area.
Limited Supply: Zero units under construction in Renton and only 934 units under construction in all of South King County. By comparison, there are approximately 10,000 units under construction in Seattle and the Eastside.