Sold

Listed by: Northmarq Multifamily, LLC • Taylor Wyman

Bought with: Cascade Properties & Invest.

$1,975,000

3000 E Spruce Street, Seattle, WA 98122

12beds

6baths

--sqft

Multi Family

Built in 1963

-- sqft lot

$1,893,900 Zestimate^®

$--/sqft

$2,603 Estimated rent

Home value

$1,893,900

$1.72M - $2.06M

$2,603/mo

Zestimate^® history

Owner options

List your home for rent

$2,603/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,603/mo

Rent Zestimate^®

Refinance and save

$11,950/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$11,950/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

The Lago Apartments is a prime investment opportunity in Seattle's sought-after Leschi neighborhood. Built in 1963, this well-maintained property features six updated two-bedroom units, some with Lake Washington views, and significant exterior improvements, including refreshed landscaping, updated paint, and a new roof coating. With scheduled rent increases in 2025 and potential for further interior enhancements, Lago Apartments offers investors a value-add opportunity to align rents with market rates. 6.47% cap rate on August 1st, with scheduled rent increases already in place. Located near Leschi Park and just 10 minutes from downtown Seattle, this property combines serene neighborhood charm with urban convenience.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 6

Heating

Baseboard, Forced Air, Electric

Cooling

None

Features

Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 5
Carport spaces: 5

Features

Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake

Lot

Size: 5,000 Square Feet
Features: Corner Lot

Details

Parcel number: 9363600120
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 5-9 Units
Property subtype: Multi Family

Materials

Wood Siding
Roof: Flat

Condition

Year built: 1963

Utilities & green energy

Sewer: Sewer Connected

Community & HOA

Community

Subdivision: Leschi

Location

Region: Seattle

Financial & listing details

Annual tax amount: $19,073
Date on market: 4/18/2025
Cumulative days on market: 460 days
Listing terms: Conventional

Price history

Date	Event	Price
7/8/2026	Listing removed	$2,295
Source: Zillow Rentals Report a problem
6/25/2026	Price change	$2,295-4.2%
Source: Zillow Rentals Report a problem
6/12/2026	Price change	$2,395-1.6%
Source: Zillow Rentals Report a problem
4/30/2026	Listed for rent	$2,435
Source: Zillow Rentals Report a problem
4/15/2025	Sold	$1,975,000
Source: NWMLS as distributed by MLS GRID #2320258 Report a problem
2/3/2025	Pending sale	$1,975,000
Source: NWMLS as distributed by MLS GRID #2320258 Report a problem
1/7/2025	Listed for sale	$1,975,000
Source: NWMLS as distributed by MLS GRID #2320258 Report a problem