3000 E Spruce Street Seattle, WA 98122
3000 E Spruce Street
Seattle, WA 98122
$1,975,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Pending Inspection
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.
Property Features
Community: Leschi
5-9 Units
View: Lake
Exterior: Wood
Roof: Flat
Year Built: 1963
2025 Taxes: $19073.00
Listing #: 2320258
Lot Details
Lot Size: 0.11 acres
Corner Lot
No. of Units: 6
Interior
Cooling: None
Heating: Forced Air, Baseboard
Electric
Call or Email:
Grace Wamwere
What's Near 3000 E Spruce Street Seattle, WA 98122?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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