Jeanine Burke
Windermere R E Mount Baker
(425) 658-2063
84 Total Sales
1 in Leschi
$2,150,000 Price
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
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.
Last Agent to Sell the Property
Northmarq Multifamily, LLC License #113007 Listed on: 01/06/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2320258
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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
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 6, 2025
Closed on
Apr 9, 2025
Sold by
Srev Ii Portfolio Llc
Bought by
Seller's Agent
Taylor Wyman
Northmarq Multifamily, LLC
Buyer's Agent
Lace Gordon
Cascade Properties & Invest.
List Price
$1,975,000
Sold Price
$1,975,000
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Outstanding Balance
$1,076,396
Interest Rate
6.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 15, 2019
Sold by
Srev Ii Llc
Bought by
Srev Ii Portfolio Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,472,300
Interest Rate
4.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 17, 2018
Sold by
Bellevue Ave Venture
Bought by
Srev Ii Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500,000
Interest Rate
4.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 11, 2011
Sold by
West Curtis A and West Hedy E
Bought by
Bellevue Ave Ventures Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Leschi, WA
-
Jeanine Burke
-
Deanna Woodin
Deanna Woodin
Coldwell Banker Danforth
(206) 693-4218
25 Total Sales
1 in Leschi
$2,700,000 Price
-
Tyson Baty
Tyson Baty
John L. Scott, Inc.
(206) 590-4635
25 Total Sales
1 in Leschi
$1,114,500 Price
-
Ted Meenk
Ted Meenk
RE/MAX Northwest
(206) 678-0757
54 Total Sales
1 in Leschi
$1,165,000 Price
-
Trung Pham
Trung Pham
John L. Scott, Inc
(206) 207-9640
31 Total Sales
6 in Leschi
$600K - $2.8M Price Range
-
Tyler Sager
Tyler Sager
Responds QuicklyHeaton Dainard, LLC
(425) 970-9705
23 Total Sales
1 in Leschi
$620,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,975,000 | Chicago Title | ||
| Srev Ii Portfolio Llc | -- | Os National Llc | |
| Srev Ii Llc | $1,599,000 | Chicago Title | |
| Bellevue Ave Ventures Llc | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,090,000 | ||
| Previous Owner | Srev Ii Portfolio Llc | $2,472,300 | |
| Previous Owner | Srev Ii Llc | $7,500,000 |
Source: Public Records
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $17,907 | $1,708,000 | $745,000 | $963,000 |
| 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
Seller's Agent in 2025
Taylor Wyman
Northmarq Multifamily, LLC
(425) 577-8481
1 in this area
6 Total Sales
-
Steve Fischer
Seller Co-Listing Agent in 2025
Steve Fischer
Northmarq Multifamily, LLC
(206) 505-9435
1 in this area
20 Total Sales
-
Lace Gordon
Buyer's Agent in 2025
Lace Gordon
Cascade Properties & Invest.
(425) 295-1344
1 in this area
48 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2320258
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID
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