USAWASeattleRoosevelt8320 Lake City Way Ne
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$6,890,000

Pending

14 days ago

8320 Lake City Way Ne, Seattle, WA

House

MLS® 2507446

0 Bed

0 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $70,743
Lot Size 
Approx. Age 1990
MLS® Number 2507446

Property Address: 8320 Lake City Way Ne, Seattle, WA, 98115-4414

Average square foot calculated using Size range provided by listing agent.

Description

Vista Point Apartments, a well-maintained 30-unit multifamily property located in Seattle’s desirable Roosevelt neighborhood. Built in 1990, the property features 19 two-bedroom, two-bath units (~844 SF) and 11 one-bedroom, one-bath units (~599 SF), all with in-unit washer and dryers. The building offers secure access entry, gated parking with 37 on-site spaces, copper plumbing throughout, a new roof installed in 2023, and a brand new elevator completed in 2024. Current rents reach up to $1, 500 for one-bedroom units and $2, 000 for two-bedroom units, with a current cap rate of approximately 5.33% and significant upside through a renovation projected to achieve ~$1, 995 and ~$2, 600 respectively, resulting in a projected Renovated Cap Rate of approximately 9.30%. Additional income potential includes $60/month parking and utility bill-back (W/S/G), making this a compelling value-add opportunity with strong in-place fundamentals and long-term upside.
MLS® Number2507446
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1990
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Apr 15, 2026List Date
$6,890,000List Price
  • Commute

Commute

Starting Address
Destination Address
8320 Lake City Way Ne, Seattle, WA

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