8320 Lake City Way Ne, Seattle, WA 98115

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: erich bubbel
Office: compass
MLS#:2507446
Source:NWMLS
8320 Lake City Way Ne,Seattle, WA 98115
$6,890,000
  • - Beds
  • - Baths
  • 25,427 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$6,890,000
  • Price per sq. ft.:$270.97

About this home

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.

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Home facts

  • Year built:1990
  • Listing ID #:2507446
  • Updated:June 03, 2026 at 07:58 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Plank
  • Living area:25,427 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Year built:1990
  • Building area:25,427 sq. ft.
  • Lot area:0.34 Acres
  • Lot Features:Corner
  • Construction Materials:Wood Products Exterior Finish
  • Exterior Features:Deck, Patio, Sprinkler System

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$6,890,000
  • Price per sq. ft.:$270.97
  • Tax amount:$70,743 (2026)

Features and amenities

  • Amenities:Gated Entry

Parking

  • Garage:Yes
  • Garage spaces:37
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