SEATTLE, Dec. 19, 2025 –  JLL Capital Markets announced today that it has arranged the $47.76 million sale of ArtHouse, a 139-unit multifamily property in Seattle's Belltown neighborhood.

JLL represented the sellers.

ArtHouse, located at 2334 Elliott Ave. in Belltown, Seattle's most densely populated neighborhood, is strategically positioned within walking distance of both downtown Seattle and South Lake Union. The eight-story mid-rise property, built in 2014, offers unparalleled access to major employment hubs, attracting a demographic profile that is young, affluent, educated and has a high propensity to rent.

The property features 92,178 square feet of rentable space across studios, one- and two-bedroom units, with some featuring additional dens. Community amenities include two rooftop decks with panoramic views of Elliott Bay and the Puget Sound, a fitness studio, indoor/outdoor sky lounge and controlled access garage parking with 79 total stalls.

ArtHouse is ideally positioned to benefit from Seattle's comprehensive $806 million Waterfront Redevelopment Project, which includes expansive pedestrian walkways, new piers, a transit hub and new green spaces. The property sits just a five-minute walk from the transformative waterfront development and a 15-minute walk from the Westlake Light Rail Station.

Belltown continues to attract business and technology professionals who prefer urban living with proximity to employment centers. The neighborhood offers direct access to South Lake Union and downtown Seattle's employment centers, while providing residents with a dynamic urban lifestyle supported by popular restaurants, entertainment amenities and convenient access to the city's sports and cultural districts.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Directors David Young and Corey Marx and Senior Director Chris Ross.

"ArtHouse represents an exceptional opportunity in one of Seattle's most desirable neighborhoods," said Young. "The property's strategic location in Belltown, combined with its proximity to major employers and the ongoing waterfront redevelopment, makes it a compelling asset in today's market" added Marx.

The sale reflects continued investor confidence in Seattle's multifamily market, particularly in neighborhoods like Belltown that offer walkable access to employment centers and urban amenities. With Seattle ranking as the top West Coast market for population growth since 2015 and the second-largest software and AI workforce in the nation, the region continues to attract young professionals seeking urban living options.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.