Seller's Agent in 2025
Taylor Wyman
Northmarq Multifamily, LLC
(425) 577-8481
1 in this area
6 Total Sales
Listed by Northmarq Multifamily, LLC, Bought with Cascade Properties & Invest.
3000 E Spruce St Seattle, WA 98122
Leschi Neighborhood
12
Beds
6
Baths
975
Sq Ft
5,000
Sq Ft Lot
Highlights
- Lake View
- Corner Lot
- Forced Air Heating System
- Garfield High School Rated A
- No HOA
- 2-minute walk to Peppi's Playground
About This Home
As of April 2025The 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.
Last Agent to Sell the Property
Northmarq Multifamily, LLC License #113007 Listed on: 01/06/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2320258
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,073
Year Built
- Built in 1963
Lot Details
- 5,000 Sq Ft Lot
- Corner Lot
Parking
- 5 Parking Spaces
Home Design
- Flat Roof Shape
- Wood Siding
Interior Spaces
- 3-Story Property
- Lake Views
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Utilities
- Forced Air Heating System
- Baseboard Heating
Community Details
- No Home Owners Association
- Leschi Subdivision
Listing and Financial Details
- Assessor Parcel Number 9363600120
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | Sold | $1,975,000 | 0.0% | $2,026 / Sq Ft |
| 02/03/2025 02/03/25 | Pending | -- | -- | -- |
| 01/06/2025 01/06/25 | For Sale | $1,975,000 | -- | $2,026 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $16,566 | $1,700,000 | $745,000 | $955,000 |
| 2023 | $19,073 | $2,012,000 | $745,000 | $1,267,000 |
| 2022 | $17,336 | $2,133,000 | $575,000 | $1,558,000 |
| 2021 | $17,874 | $1,877,000 | $575,000 | $1,302,000 |
| 2020 | $17,388 | $1,843,000 | $525,000 | $1,318,000 |
| 2018 | $14,737 | $1,495,000 | $375,000 | $1,120,000 |
| 2017 | $12,575 | $1,481,000 | $325,000 | $1,156,000 |
| 2016 | $10,440 | $1,303,000 | $325,000 | $978,000 |
| 2015 | -- | $1,050,000 | $325,000 | $725,000 |
| 2014 | -- | $850,000 | $325,000 | $525,000 |
| 2013 | -- | $839,000 | $325,000 | $514,000 |
Source: Public Records
Agents Affiliated with this Home
-
Taylor Wyman
-
Steve Fischer
Seller Co-Listing Agent in 2025
Steve Fischer
Northmarq Multifamily, LLC
(206) 505-9435
1 in this area
30 Total Sales
-
Lace Gordon
Buyer's Agent in 2025
Lace Gordon
Cascade Properties & Invest.
(425) 295-1344
1 in this area
50 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2320258
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Based on information submitted to the MLS GRID
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