$6890000
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Bed
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Bath
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25427 SqFt
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6 DOM
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Built: 1990
- Status: Active
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Srinivas Kasam
CEO & Founder
(650)533-3259Vista 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.
Listing Provided Courtesy of Erich Bubbel, COMPASS
General Information
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NWM2507446
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Multi Family
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6 DOM
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0.34 acres
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25427
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1990
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Multi-F
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King
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Buyer To Verify
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Buyer To Verify
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Buyer To Verify
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Residential Incom
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Multi Family
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Listing Provided Courtesy of Erich Bubbel, COMPASS
Kasamestates data last checked: Apr 21, 2026 21:32 | Listing last modified Apr 15, 2026 16:57,
Source:
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