Kidder Mathews' Simon | Anderson Team Arranges Sale of Vitality on Howell SEDU Building in Seattle's Capitol Hill
Kidder Mathews' Simon | Anderson Multifamily Team has arranged the sale of Vitality on Howell, a 57-unit small efficiency dwelling unit (SEDU) apartment building located at 1420 E. Howell Street in Seattle's Capitol Hill neighborhood. The transaction was announced Aug. 18, 2026.
Jerrid Anderson, Jack Shephard, Matt Laird, and Matt Johnston of Kidder Mathews represented the seller, a private investor and developer. Dylan Simon co-leads the Simon | Anderson Multifamily Team alongside Anderson.
Property Profile: Vitality on Howell
Constructed in 2016, Vitality on Howell rises five stories and contains 57 SEDU units averaging 297 square feet each, yielding an estimated net rentable area of approximately 16,929 square feet. The property was marketed at $9,500,000, reflecting pricing guidance of roughly $166,667 per unit and approximately $561 per square foot. These figures are based on the marketed asking price rather than a confirmed closing price.
SEDU units are compact, self-contained apartments that include a private bathroom, kitchen, and closet space within an efficient floor plan. The format offers an alternative to traditional studio and one-bedroom apartments while providing residents the privacy and functionality of an individual dwelling.
Amenities at Vitality on Howell include secure fob entry, a resident lounge, a fitness center, bike storage, and storage locker rentals. The property carries no on-site parking, consistent with the SEDU typology in Seattle's urban core. Occupancy at the property stands at approximately 94 percent.
Capitol Hill Market Context
Capitol Hill is one of Seattle's most established urban neighborhoods, known for its proximity to major employers including Amazon, Google, Meta, and Nordstrom, as well as Seattle's First Hill medical corridor, which is home to Swedish, Virginia Mason, and Harborview Capital Group medical centers. The neighborhood also benefits from direct light rail access, connecting residents to Downtown Seattle and the University of Washington.
"Vitality on Howell represents the appeal of well-located, efficient housing in one of Seattle's most established neighborhoods," said Anderson. "With limited new multifamily supply in recent years, Capitol Hill continues to attract renters seeking convenient access to light rail, major employment centers, and a vibrant mix of neighborhood amenities."
The property sits within walking distance of the Capitol Hill Link light rail station, reinforcing its transit-oriented positioning. Asking rents for SEDU units at the property have ranged from approximately $1,180 to $1,425 per month for units between 200 and 345 square feet.
SEDU Segment Performance
Seattle's SEDU segment has demonstrated relative stability amid broader multifamily market softness. Across the Seattle SEDU universe, average rents have held near $1,337 per month, with average rent per square foot at approximately $4.54. Occupancy for SEDUs citywide has reached 94 percent, outperforming micro units and many market-rate studio products.
In Capitol Hill specifically, SEDU occupancy has tracked in the 93 to 94 percent range, with average rents in the $1,330 to $1,340 per month range and rent per square foot in the low-to-mid $4.40 range. The submarket's performance reflects tenant preference for self-contained SEDUs — which include private kitchens and bathrooms — over earlier-generation microhousing formats that rely on shared common areas.
About the Brokerage Team and Firm
The Simon | Anderson Multifamily Team, led by Dylan Simon and Jerrid Anderson of Kidder Mathews, specializes in the sale and purchase of apartment buildings and development land across Washington state. The 15-person brokerage team handles transactions ranging from $1 million to more than $100 million.
Kidder Mathews is the largest fully independent commercial real estate firm in the Western United States, with more than 900 professionals across 20 offices in Washington, Oregon, California, Nevada, Arizona, and Texas. The firm averages $9 billion in annual transaction volume, manages 55 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments each year.