$1,975,000
3000 E Spruce Street, Seattle, WA, 98122
Listing Courtesy of
Northmarq Commercial, LLC
3000 E Spruce Street , Seattle, WA 98122
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.
Source Northwest MLS
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PROPERTY DETAILS
- Mls Id2320258
- StatusActive
- AreaLeschi
- CarportNo
- CitySeattle
- CountyKing
- Exterior FeaturesWood
- FireplaceNo
- High School DistrictSeattle
- Living Area0 Square Feet
- Lot FeaturesCorner Lot
- Lot Acres0.1148
- Lot Square Feet5000
- New ConstructionNo
- Zip Code98122
- Property TypeMulti-Family
- RoofFlat
- SewerSewer Connected
- WaterfrontNo
- Year Built1963
- Checked For Updates2025-01-20 20:01:27 PST
Based on information submitted to the MLS GRID as of 2025-01-20 20:01:27 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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