8320 Lake City Way NE, Seattle, WA 98115 (MLS # 2507446)
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Listing provided courtesy of Northwest MLS; COMPASS
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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.
| LAST UPDATED | 4/15/2026 | TRACT | Roosevelt |
|---|---|---|---|
| YEAR BUILT | 1990 | COMMUNITY | Roosevelt |
| GARAGE SPACES | 37.0 | COUNTY | King |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Buyer To Verify |
|---|---|
| Jr. High School | Buyer To Verify |
| High School | Buyer To Verify |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 710 - North Seattle |
| CONSTRUCTION | Wood Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Electric, Forced Air |
| LOT | 0.3386 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 14,748 |
| MLS STATUS | Active |
| STORIES | 4 |
| STYLE | 56 - 10+ Units |
| SUBDIVISION | Roosevelt |
| TAXES | 70743 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | See Remarks |
| WATER | Public |
| ZONING | Multi-Family |
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/17/26 6:35 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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