Pending

Listed by: COMPASS • Erich Bubbel

$6,890,000

8320 Lake City Way NE, Seattle, WA 98115

3beds

3baths

25,427sqft

$43,233/mo

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Multi Family

Built in 1990

-- sqft lot

$6,631,500 Zestimate^®

$271/sqft

$-- HOA

What's special

Copper plumbing throughoutSecure access entryIn-unit washer and dryers

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.

100 days

14

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Baseboard, Forced Air, Electric

Cooling

None

Features

Flooring: Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 25,427
Total interior livable area: 25,427 sqft

Property

Parking

Total spaces: 37
Parking features: Garage
Garage spaces: 37

Features

Has view: Yes
View description: See Remarks

Lot

Size: 0.34 Acres
Dimensions: 14,748
Features: Corner Lot, Deck, Gated Entry, Patio, Sprinkler System

Details

Parcel number: 0425049013
Zoning description: Multi-Family,Jurisdiction: See Remarks
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family

Materials

Wood Products
Foundation: See Remarks
Roof: See Remarks

Condition

Very Good
Year built: 1990
Major remodel year: 2000

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & HOA

Community

Subdivision: Roosevelt

Location

Region: Seattle

Financial & listing details

Price per square foot: $271/sqft
Annual tax amount: $70,743
Date on market: 5/22/2026
Cumulative days on market: 64 days
Listing terms: Conventional

Estimated market value

$6,631,500

$6.30M - $6.96M

$2,972/mo

Price history

Date	Event	Price
4/28/2026	Pending sale	$6,890,000$271/sqft
Source: NWMLS as distributed by MLS GRID #2507446 Report a problem
4/15/2026	Listed for sale	$6,890,000$271/sqft
Source: NWMLS as distributed by MLS GRID #2507446 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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