Lake City Homes with 56 - 10+ Units Style

Welcome to Lake City, a vibrant neighborhood nestled in the heart of Seattle, Washington. Known for its welcoming community and diverse amenities, Lake City offers a unique blend of urban convenience and suburban charm. With its picturesque parks, local shops, and a variety of dining options, residents enjoy a lifestyle that’s both relaxed and engaging.

Lake City is particularly appealing for those seeking homes with 56 to 10+ units, making it an ideal choice for investors and families alike. The architecture in this area reflects a mix of modern and traditional styles, providing a range of options that cater to different tastes. Whether you’re looking for a cozy apartment or a spacious townhouse, Lake City has something for everyone.

One of the neighborhood’s standout features is its commitment to green spaces. Parks like Lake City Park and the nearby Matthews Beach Park offer residents ample opportunities for outdoor activities, from picnicking to hiking along scenic trails. The community also hosts various events throughout the year, fostering a strong sense of belonging among its residents.

Conveniently located with easy access to public transportation, Lake City is just a short drive from downtown Seattle, making it perfect for commuters. The area is also home to several highly rated schools, making it a great choice for families looking to settle down.

In Lake City, you’ll find not just a place to live, but a community to thrive in. Explore the possibilities of calling this charming neighborhood your home, where every day offers new adventures and a sense of belonging.

Newest Lake City Homes with 56 - 10+ Units Style

$2,995,000

2503489 MLS ⋅ ACTIVE Status

6.26% CURRENT CAP RATE | Capri Apartments is a meticulously maintained 15-unit, courtyard-style apartment community located in the bustling Lake City neighborhood of Northeast Seattle. Originally constructed in 1962, Capri features copper plumbing and has undergone significant capital improvements over the past decade, including a new PVC roof (2024), updated electrical breaker panels (2016), luxury vinyl plank flooring and stone countertops in all units, double-pane vinyl windows, and a renovated exterior staircase, positioning the asset as both a desirable community for residents and a low-maintenance investment for ownership. The property offers an ideal unit mix, comprised of nine 2-bedroom units averaging 783 square feet and five 1-bedroom units averaging 683 square feet. Residents benefit from a central courtyard setting with lush greenery, on-site communal laundry (two washers & two dryers), 14 large storage lockers, and 16 off-street parking stalls available on a first-come, first-served basis. A new investor can capitalize on Capri’s current operations, which generate a 6.26% cap rate on in-place income, or execute a value-add business plan by converting the common laundry room into a 16th studio apartment (buyer to verify) and installing ventless, all-in-one washer/dryer combo units in each apartment to capture a 7.25% cap rate post renovation.

11521 26th Avenue NE, Seattle

Listing courtesy of Blake Investment Advisors.

Start Your Search

Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.