Courtesy of Northmarq Commercial, LLC
3000 E Spruce St
Seattle, WA 98122
-- Bed-- Bath4,752 Sq Ft18 Days on Market
For Sale $1,975,000
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Listing Agent & Comments
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.
MLS# NWM2320258 • Data provided by NWMLS as distributed by MLS Grid
Living Area | 4,752 Sq.Ft. |
---|---|
Lot Size | 5,001 Sq.Ft. |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 3 |
Year Built | 1963 |
Property Type | Multifamily |
Zoning | NR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $19,073 |
Property in Flood Zone | -- |
Data provided by NWMLS as distributed by MLS Grid.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,971,537
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and sale history
New
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Courtesy of Northmarq Commercial, LLC
HouseCanary, Inc. Brokerage
3000 E Spruce St., Seattle, WA 98122
Multifamily-- Bed-- Bath4,752 Sq Ft18 Days on Market
Listing Agent & Comments
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.
MLS# NWM2320258 • Data provided by NWMLS as distributed by MLS Grid
Living Area | 4,752 Sq.Ft. |
---|---|
Lot Size | 5,001 Sq.Ft. |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 3 |
Year Built | 1963 |
Property Type | Multifamily |
Zoning | NR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $19,073 |
Property in Flood Zone | -- |
Data provided by NWMLS as distributed by MLS Grid.
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,975,000
Request tour
Save
Courtesy of Northmarq Commercial, LLC
3000 E Spruce St
Seattle, WA 98122
-- Bed-- Bath4,752 Sq Ft18 Days on Market
Listing Agent & Comments
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.
MLS# NWM2320258 • Data provided by NWMLS as distributed by MLS Grid
Living Area | 4,752 Sq.Ft. |
---|---|
Lot Size | 5,001 Sq.Ft. |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 3 |
Year Built | 1963 |
Property Type | Multifamily |
Zoning | NR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $19,073 |
Property in Flood Zone | -- |
Data provided by NWMLS as distributed by MLS Grid.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,971,537
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,975,000
Request tour
Save