Investment Overview

The Pacific Northwest Investment Sales Team of IPA has been retained as the Exclusive Listing Brokers for the sale of Juniper Ridge, a 44-unit multifamily community in Bellevue, Washington, one of the most affluent and sought-after suburbs in the country. Built in 1991 and meticulously maintained, Juniper Ridge is being offered for the first time by its original developer, Pine Forest Properties, a firm well known throughout the region for delivering premier multifamily buildings.

Juniper Ridge is ideally located at the convergence of Interstate 90 and Interstate 405, offering seamless connectivity to key employment centers. Residents enjoy quick access to downtown Bellevue (10 minutes), downtown Seattle (15 minutes), the I-90 tech corridor, and major Eastside destinations including Kirkland and Redmond. The property’s immediate accessibility to I-90 makes it especially convenient for commuting professionals. Nearby major employers include T-Mobile (U.S. headquarters within one mile), Amazon, Meta, Microsoft, Overlake Medical Center, Salesforce, and more. Additionally, Juniper Ridge is located within the highly acclaimed Bellevue School District, making it a particularly attractive option for families seeking top-tier public education.

Excellent Eastside Location

Ideally situated at the intersection of I-90 and I-405, offering exceptional access to both Bellevue and Seattle. Located in a highly desirable Bellevue submarket, the community is nestled in the hills overlooking Lake Washington, providing a rare blend of convenience and scenic surroundings.

Well-Maintained, Turn-Key Asset

Low-density community offering an exceptional quality of life through preserved open space and a serene residential setting. On the market for the first time by the original developer, the property has been meticulously maintained, reflecting pride of ownership and requiring minimal near-term capital investment.

Large Floor Plans

Spacious two- and three-bedroom floor plans average ±1,088 square feet, appealing to families and long-term renters. Homes feature oversized windows, generous storage space with linen closets and kitchen pantries, and private decks or patios with additional exterior storage closets. Top-floor units offer vaulted ceilings, adding volume and natural light.

Light Value-Add Opportunity

Ability to capitalize on rental upside through light cosmetic upgrades to unit interiors in order to appeal to high-end renters on the Eastside. Current in-place rents are approximately 20% - 30% below market compared to similar nearby communities.

Affluent Neighborhood Demographics

Located in an upscale Eastside neighborhood with an average household income of $177,469 within a one-mile radius. Served by Washington’s top-ranked school district, with assigned schools rated A+ and A by Niche.com.

Rent vs. Own Disparity

With median sale price of $1.8 million in the 98005 zip code, barriers to homeownership remain high despite Bellevue’s strong disposable incomes compared to other West Coast tech markets. Juniper Ridge offers residents a cost-effective rental alternative, with savings of approximately 75% compared to owning a home in this sought-after submarket.