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8320 Lake City Way Ne, Seattle, WA 98115

Seattle
Local realty services provided by:CENTURY 21 Lund, Realtors
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
  • Active

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:April 25, 2026 at 11:03 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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 25, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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