Seattle Condo Authority Network • Belltown
54-unit Belltown mid-rise built 1990. Established condo building in Belltown's residential core with over three decades of ownership history.
Building Profile
| Building Name | Marselle |
| Address | Data to be verified |
| Year Built | 1990 |
| Total Units | 54 |
| Stories | Data to be verified |
| Neighborhood | Belltown, Seattle, WA |
| HOA Fees | $400–$800/mo (est.) |
| Price Range | $325K–$850K+ |
| Rental Policy | Data to be verified |
| Building Type | Mid-Rise |
About This Building
Marselle is a 54-unit condominium mid-rise in Belltown, completed in 1990. With more than 30 years of ownership history, the building has some of Belltown's most established HOA reserves and an extensive transaction record that gives buyers excellent comparable sales data.
Belltown's position between Downtown Seattle and Seattle Center makes it one of the city's most walkable urban neighborhoods. Marselle residents enjoy immediate access to Pike Place Market, the Elliott Bay waterfront, and the neighborhood's dense concentration of restaurants, bars, and cultural venues on 1st and 2nd Avenues.
Buildings of Marselle's 1990 vintage typically offer the most competitive pricing in Belltown on a per-square-foot basis. Units have been renovated by successive owners across more than three decades, creating a range of finish levels and price points within a single building. This variety makes Marselle accessible to buyers at different budget levels within the Belltown market.
Jeff Reynolds maintains sales data and HOA financials for Marselle within the Seattle Condo Authority Network. Address and stories count should be verified; contact Jeff for current listings, HOA reserve fund status, and Belltown buyer strategy.
Buyer Analysis
Marselle is a 54-unit Belltown building built in 1990, one of the neighborhood's older and smaller condo communities. Jeff Reynolds's assessment covers the advantages of a small established building, the cautions that apply to 35-year-old construction, and the key questions buyers must answer.
Since 1990, Marselle has accumulated more governance and financial history than almost any other Belltown condo building. Reserve fund contributions, assessment patterns, and operational performance across multiple market cycles are all verifiable.
Marselle's 1990 vintage delivers Belltown's neighborhood quality at pricing meaningfully below 2000–2024 construction. For buyers who prioritize the Belltown address and can engage with older building realities, the value is real.
54 units creates a genuinely intimate residential community. Owners know each other. The HOA is nimble and responsive. Governance disputes are uncommon in buildings where everyone is personally acquainted.
35 years of Belltown condo transactions provide abundant comparable sales data. The building is well-known to appraisers and lenders.
A 35-year-old building has been through multiple major capital cycles and will continue to require significant investment. This is the most important risk to understand before buying. Request the reserve study and review it carefully before writing an offer.
54 units sharing capital costs means less financial cushion per major project than a 200-unit building. A single large capital project—elevator replacement, roof, facade—has a proportionally larger per-unit impact.
Some units may have original 1990 electrical panels, plumbing, or HVAC systems. Unit-level inspection and a full capital assessment of any specific unit is essential.
This is the critical question for any 35-year-old building. What is the current percent-funded status and what major capital projects are in the reserve study?
Has the building levied any special assessments in the past 5 years? Are there any currently proposed?
Advisory
Marselle serves a specific buyer: someone who values Belltown's address and a tight-knit building community, and is prepared to engage carefully with an older building's financial realities.
Marselle is one of the most affordable paths into Belltown condo ownership. Buyers who need the Belltown address—for walkability, lifestyle, or neighborhood preference—and are willing to engage with an older building to achieve it consistently find Marselle among the best value options in the neighborhood.
Some buyers prefer established buildings with documented histories over new construction with uncertain HOA performance. Buyers who have owned older condos before and understand how to evaluate reserve fund health and capital cycles find Marselle approachable.
54 units in a 35-year-old building tends to attract long-term owner-occupants who are invested in the building's maintenance and community. Buyers who find large anonymous towers alienating often find smaller older buildings like Marselle more congenial.
Buyers with a remodeling budget can acquire a Belltown unit at a meaningful discount to newer construction, renovate to a contemporary standard, and hold a distinctive property at a competitive long-term cost basis.
Market Data
Marselle offers some of Belltown's most accessible pricing, reflecting the 1990 vintage and 54-unit boutique scale.
Entry-level Belltown pricing. The 1990 vintage and building scale keep this range accessible relative to newer construction.
Primary resale segment. Updated units with renovated finishes trade toward the upper end.
The top of Marselle's range. Larger renovated units on upper floors with the best views.
Marselle's 35-year resale history provides abundant comparable sales data, which supports reliable appraisals for appropriately priced units. The persistent discount to newer Belltown construction is a durable feature of the building's pricing. Contact Jeff Reynolds for current listings and recent closed sale data.
Knowledge Base
Before buying any Seattle condo, these guides answer the questions every buyer should resolve about HOA finances, financing eligibility, and closing requirements.
What condo HOA fees cover, how they're calculated, and what to look for in a building's fee structure.
How reserve funds work, what percent-funded means, and why the reserve study matters before you buy.
How rental caps, owner-occupancy ratios, and HOA delinquency rates affect your loan eligibility.
What the resale certificate contains, why it matters, and the key red flags buyers should watch for.
Explore More
Other condos in Belltown at a similar price tier, with links to full building profiles, buyer analysis, and current market data.
See all buildings: Browse all Belltown condo buildings →
Frequently Asked Questions
Marselle is located in Belltown, Seattle. The exact address is to be verified. Belltown sits between Downtown Seattle and Seattle Center, with walkable access to Pike Place Market, the Elliott Bay waterfront, and the neighborhood's restaurant corridor on 1st and 2nd Avenues. The neighborhood is one of Seattle's most consistently popular urban condo markets.
Marselle has 54 residences. The building was completed in 1990. Contact Jeff Reynolds for current unit mix, floor plan details, and recent comparable sales data.
Marselle was completed in 1990, making it one of Belltown's established 1990-era condo buildings. With over 30 years of ownership history, the building has mature HOA reserves and an extensive comparable sales record.
HOA fees at Marselle are estimated at $400–$800 per month depending on unit size. As a 1990 building with over three decades of reserve accumulation, the HOA has a mature financial profile. Contact Jeff Reynolds for verified current figures and reserve fund details.
Marselle's 1990 vintage and 54-unit scale typically deliver competitive per-square-foot pricing in Belltown's market. For buyers who prioritize neighborhood location over new construction finish, Marselle represents solid value. Jeff Reynolds can provide a full Belltown building comparison and advise on which units offer the best value at the time of your search.
Your Belltown Condo Specialist
Jeff Reynolds is Seattle's leading specialist in urban condominiums, with deep expertise in Marselle and every building in the Seattle Condo Authority Network. If you're buying or selling at Marselle, Jeff has the data, the relationships, and the track record to represent you.
Jeff tracks every sale at Marselle, maintains HOA financial data, and knows which floor plans and view orientations hold value best. This depth of building-level knowledge is what separates a specialist from a generalist.
Jeff Reynolds • Seattle Condo Authority Network • jeff.reynolds@compass.com
Current listings, recent sales, HOA financials, and buyer strategy. No obligation.