8320 Lake City Way NE
Seattle WA 98115

Vista Point

8320 Lake City Way NE Seattle WA 98115

Listing #: 711515 | Status: Pending | Last Modified: 4/27/2026 |

For Sale
Erich Bubbel
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 6,890,000.0
  • $/SF$ 304.5
  • $/Unit$ 6,890,000.0
  • Listing StatusPending
  • Days on Market21
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 5.33 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors4
  • # of Units30
  • # of Elevators1
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF46873
  • Net Rentable Area22625
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF14810
  • Acres0.34
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaN. Seattle
  • Tax ID #0425049013
  • Additional Parcels
  • ZoningC1-55(M)
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces30
  • Total Parking Spots30
  • Parking Ratio
Construction
  • Year Built1990
  • Year Renovated1991
  • Completion Date
  • Roof Type
  • SprinklersYes
  • Construction TypeConcrete, Wood

Vista Point

Public Comments

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 in

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