Provided by NWMLS, Bought with ZNonMember-Office-MLS and Listed by Erich Bubbel, 425-637-7777 at COMPASS

25,427 sqft

$6,315,000

8320 Lake City Way NE, Seattle WA, 98115

Price per sqft$248.36

Built in1990

Property size25,427 sqft

Property typeMulti-family

Overview

Sold

Listed Apr 15, 2026

Updated 2 weeks ago

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.

Additional information

MLS^® ID: 2507446

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.34 Acres

Other Property Details

Taxes: $70,743
Tax Frequency: Annually
Garage: Yes
View: Yes
55+/Senior Community: No

Provided by NWMLS, Bought with ZNonMember-Office-MLS and Listed by Erich Bubbel, 425-637-7777 at COMPASS

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/1/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/1/2026 at 2:40 PM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data last updated on 10/1/2026 at 2:40 PM UTC

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