Lake City Apartments — Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Seattle, WA 98125

Photos

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Investment Figures

Cap rate
6.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the multifamily investment opportunity located at 2600 NE 125th Street in Seattle, Washington. The property features a flexible unit mix of one- and two-bedroom residences with an average unit size of approximately 600 square feet. As a result, the property represents an attractive housing option for a broad tenant base, providing efficient floor plans that appeal to both individuals and small households seeking affordability and functionality in a desirable location. Several notable capital improvements have already been completed, reducing near-term ownership expenses and enhancing long-term operational stability. Recent upgrades include a roof replacement completed approximately six years ago, along with the installation of modern Square D electrical panels. Additional tenant-focused amenities include on-site laundry facilities and dedicated storage units, creating added convenience and supporting tenant retention. Five off-street parking spaces and ample neighborhood street parking provides additional flexibility for residents and guests. This combination of parking availability, on-site amenities, and efficient unit configurations contributes to the property's overall appeal and functionality. Additionally, the property boasts convenient access to Seattle, the Eastside, and North King County; this strong regional connectivity provides access to major employment centers throughout the Puget Sound region. Coupled with recently completed capital expenditures, the property's favorable location, efficient unit mix, and regional accessibility make it an attractive opportunity for investors seeking stable cash flow and future growth in a dynamic residential market. Investment Highlights: • Flexible one- and two-bedroom unit mix with efficient floor plans • Recent capital improvements including roof replacement and electrical upgrades • On-site laundry, storage units, and dedicated off street parking • Convenient access to Seat

Market Context

This multifamily in Seattle, WA is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Seattle, WA — view the full market.

As of Q1 2026, the Seattle / Bellevue multifamily market showed a 7.3% vacancy rate, and average asking rents near $2004.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Seattle / Bellevue multifamily market tightening or softening?
Vacancy is around 7.3% (Q1 2026).

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