Experience modern living at U-Lex, Seattle's premier affordable cooperative housing development offering one-, two-, and three-bedroom units. Our units offer unbeatable amenities including energy-efficient appliances with in-unit washer/dryers designed for effortless living. Enjoy contemporary finishes that create a warm and inviting atmosphere throughout your home. Beyond your unit, take advantage of our beautifully landscaped outdoor courtyard, two sundecks, and a versatile multi-purpose room, complete with kitchen, that is perfect for gatherings and events. Convenient parking and bicycle storage add to your comfort. Don't miss this permanently affordable co-op opportunity for personal wealth growth and community affordability. Units are limited so secure your spot today and embrace the advantages of cooperative living at U-Lex!
from $80,000
Floor plan: Typical Two Bedroom, U-Lex at Othello Square, Seattle, WA 98118
2beds
800sqft
Condominium
Built in 2025
-- sqft lot
$-- Zestimate®
$100/sqft
$-- HOA
Floor plan
This is just one available plan to choose from. Work with the sales team to select your favorite floor plan and finishes to fit your needs.
View move-in ready homes
- 1,017 |
- 43 |
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Forced Air
Interior area
- Total interior livable area: 800 sqft
Property
Parking
- Parking features: Carport
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Other
Condition
- New Construction
- New construction: Yes
Details
- Builder name: HomeSight WA
Community & HOA
Community
- Subdivision: U-Lex at Othello Square
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $100/sqft
- Date on market: 3/5/2025
About the building
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Tired of renting and want to own? It is possible to own a home without the high costs of traditional housing. Start your journey toward a new living experience at U-lex, a 68-unit cooperative community, blending modern living with rich amenities, offering one-, two-, and three-bedroom units. Say hello to U-lex Cooperative - a game changer in affordable home ownership!
U-lex offers a unique opportunity to become a homeowner starting at $53,000!
Welcome to U-lex at Othello Square, a vibrant co-op in Seattle's dynamic Othello neighborhood. With unit shares priced between $53,000 to $92,000, homeownership in Seattle is within reach! More than just a home, U-Lex offers affordability, community and sustainability.
We are currently accepting reservations! Construction starting Fall 2024.
Reservations are now open on a first-come, first-served basis. Secure your unit and join this thriving community today! Welcome home to U-lex.
Is U-lex Right for You?
U-lex is perfect for first-time homebuyers earning 80% Area Median Income or less, looking for a primary residence that offers affordability and community (see chart in photo gallery). We have simple eligibility requirements for income (see the chart in the photo gallery).
What Makes U-lex Such a Unique Opportunity?
Affordability: Our shares are priced to make homeownership more accessible. We've created a simple breakdown of costs and fees that illustrates what an average unit costs (see the chart in the photo gallery).
Location: U-lex is conveniently located in the Othello neighborhood near the light rail station. U-Lex provides easy access to schools, transit, local services, and more.
Flexibility: Enjoy the ability to sell your unit if you wish, whenever you want.
Low Down Payment: Only a 20% down payment is required. If interested, ask about HomeSight's down payment assistance program.
Financing Options: We've partnered with Verity Credit Union for share loans including a sharia compliant option.
We've covered the
Source: Home Sight WA
