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Value-Add
At Walls Property Group we make it our mission to invest in Small to Medium class-sized buildings and increase density inside the existing footprint. By using this model, we’ve been able modernize vintage properties in the Seattle market to the 21st century with modern amenities such as in-unit washer and dryers, thermal pane windows and energy efficient appliances.

Ground-up Development
Our goal is to develop well designed buildings in great neighborhoods.  We are long-term investors, active in the communities in which we build.  By providing a great resident experience and helping to beautify these neighborhoods, we create value and achieve strong returns for our partners.

 

Construction Projects

PROPERTYADDRESSCONSTRUCTION PROJECTS COMPLETEDYEAR ACQUIREDCURRENT VALUEPURCHASE PRICEADDED VALUE
Paula Marie Apartments8518 Phinney Ave N Seattle, WA 98103All units updated, and garage converted to a unit.2022$3,765,000 $2,225,000 $1,540,000
1310 E. Thomas1310 E Thomas St Seattle, WA 98102All units updated, and garage converted to a unit.2021$8,507,000 $6,449,000 $2,058,000
The Brickley2451 NW 59th Street, Seattle, WA 98107All units updated, and garage converted to a unit.2020$3,090,187 $1,510,000 $1,580,187
612 Malden Apartments612 Malden Ave E, Seattle, WA 98112Units, 3,4,6,7 and common areas updated2019$2,360,084 $2,224,000 $136,084
Dexter Apartments2465 Dexter Ave N, Seattle, WA 98109All units and common area updated, added one unit in carport2019$7,200,000 $3,600,000 $3,600,000
62nd Ave Apartments2237 NW 62nd St., Seattle, WA 98107All units & Common Areas updated, added one unit2018$2,896,095 $1,699,000 $1,197,095
Bugge Apartments6402 Phinney Ave N, Seattle, WA 98103Converted storage/laundry to new units, common area updates, unit work2018$5,770,000 $4,100,000 $1,670,000
Camden Apartments4427 5th Ave. NE, Seattle, WA 98105All units updated, added one unit from storage2018$4,036,330 $3,800,000 $236,330
Dayton Apartments4311 Dayton Ave N, Seattle, WA 98103Added one unit, renovated one unit2018$2,900,000 $2,050,000 $850,000
Luke Apartments2119 23rd Ave W, Seattle, WA 98199All units updated, added one unit from parking2018$6,109,178 $4,500,000 $1,609,178
1547 NW 63rd St1547 NW 63rd St, Seattle, WA 98107All units, common areas, added one unit in garage2017$2,996,000 $1,175,000 $1,821,000
48th Street Apartments616 N 48th St, Seattle, WA 98103All units, common area, garage rebuild, added one unit from storage2017$3,300,000 $1,550,000 $1,750,000
Phinney 12 Apartments8524 Phinney Ave N Seattle, WA 98103All units & Common Areas updated2017$4,588,403 $2,900,000 $1,688,403
Ballard Market Apartments1408 NW 57th St, Seattle, WA 98107Carport converted to SEDU, common/landscape updated2016$3,100,000 $2,000,000 $1,100,000
Parker Place Apartments571 Valley St, Seattle, WA 98109All units updated, added one unit from storage and garages2016$2,329,901 $1,106,000 $1,223,901
2237 Apartments2237 NW 59th St, Seattle, WA 98107All units and common area updated, added one unit in carport2015$3,425,000 $1,505,000 $1,920,000
24th Ave NW7522 24th Ave NW, Seattle, WA 98117All units & common areas updated2015$3,050,000 $1,425,000 $1,625,000
59th St Apartments2407 NW 59th St, Seattle, WA 98107All units updated, added one unit from storage2015$3,100,000 $1,500,000 $1,600,000
Back Nine Apartments2635 Prosch Ave W, Seattle, WA 98119All units and common areas updated, added one unit from storage2015$2,260,000 $1,200,000 $1,060,000
Thorndyke Apartments2501 Thorndyke Ave Seattle, WA 98199All units and garages, decks and common areas updated2015$4,850,000 $2,200,000 $2,650,000
Winslow Apartments4314 Winslow Pl N, Seattle, WA 98103All units & Common Areas2015$2,658,096 $1,210,000 $1,448,096
Camerlu Park Apartments4431 Evanston Ave Seattle, WA 98103All units updated, one unit added from storage2014$4,334,941 $1,453,400 $2,881,541
Minor Tower Apartments2525 Minor Ave E, Seattle, WA 98102All units, garages, common, roof deck updated; one unit added from storage2014$18,140,000 $8,500,000 $9,640,000
Alchemy Apartments6710 Greenwood Ave Seattle, WA 98103All units & common areas updated2013$2,650,000 $860,000 $1,790,000
Whitman Apartments4123 Whitman Ave N, Seattle, WA 98103One unit updated2013$2,174,156 $1,178,500 $995,656
Phinney Heights Apartments8732 Phinney Avenue N, Seattle, WA 98103Select units updated2011$3,684,000 $1,020,000 $2,664,000
Oswego Arms Apartments6840 Oswego Pl NE, Seattle, WA 98115Select units updated2010$8,500,000 $3,062,500 $5,437,500
Whiterock Apartments2827 14th Ave W, Seattle, WA 98119Units 2,3,4,5 updated2008$2,075,000 $934,000 $1,141,000
Barrett Square Apartments2856 14th Ave W, Seattle, WA 98119Carport/garage converted to a unit2006$3,692,000 $1,125,000 $2,567,000
Go Long Apartments1419 NW 61st Street, Seattle, WA 98107Multiple units updated, and some garage work2006$1,806,289 $838,000 $968,289
Russell Park & Central Park5210 Russell Ave NW, 1819 NW Central Pl., Seattle, WA 98107Select units updated1994$22,400,000 $2,541,000 $19,859,000
TOTAL VALUE-ADD$151,747,660 $71,440,400 $80,307,260

 

New Construction Projects

PROPERTYADDRESSCONSTRUCTION TYPEYEAR COMPLETEDTOTAL PROJECT COST/ CURRENT APPRAISED VALUETOTAL RESIDENTIAL UNITSUNIT MIX
Plaid Apartments514 Federal Ave E Seattle, WA 98102New Construction - TYPE V-A2024$23,900,000 583% SEDU, 38% studio, 50% 1-bedroom, 9% 2-bed
Chinook Ballard Apartments1446 NW 53rd Street Seattle, WA 98107New Construction - TYPE III-A over TYPE I-A2024$12,500,000 5641% SEDU, 43% EDU, 16% 1-bed loft
Bell View Apartments736 Bellevue Pl E, Seattle, WA 98102New Construction - TYPE III-A over TYPE I-A2021$21,800,000 6337% studio, 38% 1-bed, 37% 2-bed
Howard Park Apartments4218 Stone Way N, Seattle, WA 98103New Construction - TYPE V-A 2008$12,825,000 4082% 1-bed, 18% 2-bed; includes 5 commercial spaces
Pickering Place Apartments1307 N 43rd St, Seattle, WA 98103New Construction - TYPE V-A 2001$13,870,000 4328% studio, 63% 1-bed, 9% 2-bed; includes 2 commercial spaces
TOTAL MIXED-USE DEVELOPMENT$84,895,000 260