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About the Listing 4704 - 107969,654321
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.
Listing Highlights for 8320 Lake City Way NE
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Forced Air
- Fireplaces: 0
- Floor: Vinyl Plank,Carpet
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Deck,Gated Entry,Patio,Sprinkler System,Zoning: Multi-Family
- Garage Capacity: 37 car
- Parking Spaces: 0
- Lot Dimensions: 14,748
- Zoning: Multi-Family
- Roof: See Remarks
- Others: Wood Products,Very Good
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $70,743
- Taxes w/Assessments: N/A
- Tax/Property ID: 0425049013
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
8320 Lake City Way NE Seattle, WA 98115
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