Welcome Home
STAY IN SEATTLE. OWN YOUR HOME. LIVE YOUR POSSIBILITY.
Why U-LEX?
Beautiful, modern living conditions
Stable housing costs
Next to Othello light rail station
Underground parking
Sundecks
Community area with kitchen and courtyard
Opportunity to build equity
Location
7343 MLK Jr Way S
Seattle, WA 98118
Learn how to qualify and secure your new home today! Units are selling fast!
SECURE YOUR UNIT NOW!
More layouts available
1BR
2BR
3BR
Amenities
In the Unit
In-unit washer/dryer
Energy efficient appliances
Modern finishes
On the Property
Outdoor courtyard
Multi-purpose room w/kitchen
Two outdoor sundecks
Parking & bicycle storage
In the Neighborhood
Close to schools
Close to transit
Local services
Neighborhood restaurants
Nearby park
What is a Limited Equity Co-op?
Experience the best of both worlds: enjoy the opportunity to
build personal wealth while ensuring future affordability for
the community. Your investment benefits not only your family
but contributes to a sustainable and inclusive housing solution
for future buyers by successfully balancing initial purchase
price and future resale value.
What are the Benefits of a Co-op?
Apartment
- NO ownership
- No closing costs
- NO equity
- Stay in your community
- NO control over rent cost
Condo
- Higher cost of ownership
- Higher closing costs
- NO equity
- Affordable in your community?
- Exposure to cost increases
Co-op
- Lower cost of homeownership
- Few to no closing costs
- Build equity
- Stay in your community
- Stable costs
Eligibility Requirements
To be eligible, purchasers must have a household income 80% or less than area
median income by household size and be first-time homebuyers or not have
owned a home in the last three years.
Easy Steps to Prequalify
Create a profile
Submit your info
Meet with us
Confirm Eligibility
Secure your unit!
CONTACT US TODAY!
U-LEX (pronounced OH-lew) means “gather” in Lushootseed,
the language spoken by the Coast Salish tribes.