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For Sale127 Days
$1,975,000

3000 Spruce Street
Seattle, WA 98122

Income For Sale
0.11 Acre Lot
    • 1of15
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    Northmarq Commercial, LLC

    Provided by Northwest Multiple Listing Service, 2025.

    Description for 3000 Spruce Street, Seattle, WA 98122

    For Sale> King> Seattle> 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. Current cap rate of 5.42% and a 6.47% cap rate on August 1st, with scheduled rent increases in place. Located near Leschi Park and just 10 minutes from downtown Seattle, this property combines serene neighborhood charm with urban convenience.

    Property Details

    Listing Details
    For Sale
    Income
    Multi-Family
    None
    For Sale
    NWM2320258
    $1,975,000
    01/07/2025
    1963
    Single Family
    5
    NWM119131
    Location Information
    US
    WA
    King
    Seattle
    98122
    Spruce
    3000
    Street
    Leschi
    W123° 42' 23.8''
    N47° 36' 12.1''
    3000 E Spruce Street , Seattle, WA 98122
    390 - Central Seattle
    E
    Yes
    Garage/Parking
    5
    No
    No
    Exterior Features
    Water
    No
    No
    Wood
    Flat
    WaterFront and WaterAccess
    No
    Land Info
    0.11 Acre
    Corner Lot
    Nw
    9363600120
    Monthly
    Utilities
    Forced Air,Baseboard
    None
    Sewer Connected
    HOA Info
    Monthly
    6
    No
    Rental Info
    5850
    Monthly
    Tax Info
    $19,073
    2025
    Listing Information
    Northmarq Commercial, LLC
    Taylor Wyman
    NWM10040
    Nwmls
    $1,975,000
    01/07/2025 01:32:09
    3
    Multi Family
    Seattle
    NWM54887
    Northmarq Commercial, LLC
    Steve Fischer

    Price History

    Source: MLS
    DateEventPriceSource
    2025-01-07For Sale$1,975,000MLS
    Get Price Alert

    Walk Score

    Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

    Walk Score

    4

    Bike Score

    7

    Transit Score

    3

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