8320 Lake City Way NE, Seattle, WA 98115

Property Description

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 Status:

Pending

Data Last Updated:

August 13, 2026 at 2:21AM

Listing Office:

COMPASS : 425-637-7777

Listing Agent:

Erich Bubbel : 425-637-7777

MLS ID:

2507446

Interior

• Flooring: Vinyl PlankCarpet
• A/C: None
• Heating: BaseboardForced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Wood Products
• Parking: Parking spaces: 0

Construction

• Roofing: See Remarks
• General: 56 - 10+ UnitsSee Remarks

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Roosevelt
• County: King

Lot

• Zoning: 0425049013
• View: See RemarksView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls