The financial stability of hundreds of Seattle tenants is on the line as public and private players vie for nearly two dozen apartment buildings that have been on the market since this summer.
The entire portfolio of finished aPodment-branded micro-apartment buildings is for sale, a total of 23 properties and 1,402 apartments from Northgate to the Central District. Built by Calhoun Properties, the apartments average 177 square feet and rent for an average of $921, including internet and utilities, according to the brokers listing the buildings. Typical studio and one-bedroom apartments in Seattle go for around $1,500 to $1,700.
As Seattle-area rents have climbed, the apartments offer a rare bit of affordability for some hourly workers. Baristas making the top end of Seattle's minimum wage, $17.27, could roughly afford the average aPodment rent without spending more than a third of their income, if they were able to work 40 hours a week.
