WA > Seattle > Leschi
Seattle, WA 98122,3000 E Spruce ST
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Seattle, WA 98122,3000 E Spruce ST
Seattle, WA 98122,3000 E Spruce ST
Seattle, WA 98122,3000 E Spruce ST
Seattle, WA 98122,3000 E Spruce ST
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ONE Real Estate

ONE Real Estate

+1(360) 201-0908
Listed by Northmarq Commercial, LLC
$ 1,975,000
Est. payment /mo
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Active

3000 E Spruce ST Seattle, WA 98122

12 Beds

6 Baths

5,000 Sqft Lot

UPDATED:

01/08/2025 05:32 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Leschi

MLS Listing ID 2320258

Style 55 - 5-9 Units

Bedrooms 12

Year Built 1963

Annual Tax Amount $19,073

Lot Size 5,000 Sqft

Property Description

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.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Fireplace false

Exterior

Exterior Feature Wood

View Y/N Yes

View Lake

Roof Type Flat

Building

Lot Description Corner Lot

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
agent

ONE Real Estate

Broker

+1(360) 201-0908

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