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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.

2503489 MLS ⋅ PENDING 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 Broker: Blake Investment Advisors; Gabe Blake; 206-618-2207; gabe@blakeia.com

$900,000

Just beyond the fully fenced backyard lies your own private 81-foot waterfront sanctuary along Thornton Creek, where you can relax by the water, watch the occasional salmon swim upstream, or simply enjoy the sights and sounds of nature, all just steps from your back door. Tall windows in the living and dining rooms bring this peaceful setting indoors, creating inviting spaces for everyday living and entertaining. The bright main level seamlessly connects the spacious living room with its cozy wood-burning fireplace, dining room, and updated kitchen, allowing each space to flow naturally into the next. The updated kitchen features quartz countertops, abundant storage, generous work surfaces, a sunny eating nook, and opens directly to the living and dining rooms. Three spacious bedrooms with ample closet space and beautifully updated bathrooms complete the main floor. The lower level offers exceptional flexibility with a huge family room featuring a second wood-burning fireplace, two additional bedrooms, direct backyard access, and abundant storage—ideal for guests, working from home, hobbies, or multi-generational living. Fresh interior paint, LVP flooring throughout the main level, new carpet on the lower level, a one-car garage, and plenty of off-street parking, including RV, boat or trailer parking, complete the home. Tucked away on a quiet dead-end street with easy access to parks, shopping, transit, and the new light rail station. The good life starts here!

5 Beds ⋅ 2 Baths ⋅ 2561790 MLS ⋅ PENDING Status

Just beyond the fully fenced backyard lies your own private 81-foot waterfront sanctuary along Thornton Creek, where you can relax by the water, watch the occasional salmon swim upstream, or simply enjoy the sights and sounds of nature, all just steps from your back door. Tall windows in the living and dining rooms bring this peaceful setting indoors, creating inviting spaces for everyday living and entertaining. The bright main level seamlessly connects the spacious living room with its cozy wood-burning fireplace, dining room, and updated kitchen, allowing each space to flow naturally into the next. The updated kitchen features quartz countertops, abundant storage, generous work surfaces, a sunny eating nook, and opens directly to the living and dining rooms. Three spacious bedrooms with ample closet space and beautifully updated bathrooms complete the main floor. The lower level offers exceptional flexibility with a huge family room featuring a second wood-burning fireplace, two additional bedrooms, direct backyard access, and abundant storage—ideal for guests, working from home, hobbies, or multi-generational living. Fresh interior paint, LVP flooring throughout the main level, new carpet on the lower level, a one-car garage, and plenty of off-street parking, including RV, boat or trailer parking, complete the home. Tucked away on a quiet dead-end street with easy access to parks, shopping, transit, and the new light rail station. The good life starts here!

2012 NE 127th Street, Seattle

Listing Broker: Weisbarth & Associates; Doron M. Weisbarth; 206-779-9808; doron@weisbarth.com

$685,000

Tucked away on a quiet, traffic-restricted street, this peaceful light-filled home sits on a generous 8,323 sq ft lot. Just two blocks off Lake City Way, you can take a short 2-block walk to grocery stores, the Post Office, and local staples like Elliott Bay Brewery and Toyoda Sushi. Commuting is a breeze with direct bus lines to downtown, plus Northgate and 130th Street light rail stations both less than two miles away. Extensively remodeled down to the studs with high-efficiency insulation, the home showcases vaulted ceilings, skylights, sleek recessed LED lighting, and an open-concept layout anchored by a cozy wood-burning fireplace. French doors open to the back patio from both the primary bedroom and the main living area. The functional floor plan includes a spacious primary suite, a charming second bedroom, and updated appliances throughout (under 5 years old). Outside, a large, fully insulated garage workshop offers endless versatility or prime potential for an ADU conversion. Some photos are virtually staged.

2 Beds ⋅ 2 Baths ⋅ 2561866 MLS ⋅ PENDING Status

Tucked away on a quiet, traffic-restricted street, this peaceful light-filled home sits on a generous 8,323 sq ft lot. Just two blocks off Lake City Way, you can take a short 2-block walk to grocery stores, the Post Office, and local staples like Elliott Bay Brewery and Toyoda Sushi. Commuting is a breeze with direct bus lines to downtown, plus Northgate and 130th Street light rail stations both less than two miles away. Extensively remodeled down to the studs with high-efficiency insulation, the home showcases vaulted ceilings, skylights, sleek recessed LED lighting, and an open-concept layout anchored by a cozy wood-burning fireplace. French doors open to the back patio from both the primary bedroom and the main living area. The functional floor plan includes a spacious primary suite, a charming second bedroom, and updated appliances throughout (under 5 years old). Outside, a large, fully insulated garage workshop offers endless versatility or prime potential for an ADU conversion. Some photos are virtually staged.

12721 27th Avenue NE, Seattle

Listing Broker: KW Greater Seattle; Everett Talvo; 206-714-4663; everett@etalvo.com

$550,000

Great chance you don't want to miss out! Unbeatable commuter location townhome! Warm bamboo floors welcomeyou into the bright main-floor living and dining area. The gourmetkitchen impresses with stainless steel appliances, gas range, granite tilecounters, and rich cherry cabinetry. Thoughtfully designed floor planoffers two bedrooms on the second level, plus a private top-floor primarysuite with a huge walk-in closet and full bath. The lower level features aversatile den/office or rec room with direct garage access. Extras includea tankless water heater, fenced front yard, ample storage, built-invacuum, and built-in speakers. Minutes to shopping, dining, parks, andfreeway access.

3 Beds ⋅ 2 Baths ⋅ 2583874 MLS ⋅ PENDING Status

Great chance you don't want to miss out! Unbeatable commuter location townhome! Warm bamboo floors welcomeyou into the bright main-floor living and dining area. The gourmetkitchen impresses with stainless steel appliances, gas range, granite tilecounters, and rich cherry cabinetry. Thoughtfully designed floor planoffers two bedrooms on the second level, plus a private top-floor primarysuite with a huge walk-in closet and full bath. The lower level features aversatile den/office or rec room with direct garage access. Extras includea tankless water heater, fenced front yard, ample storage, built-invacuum, and built-in speakers. Minutes to shopping, dining, parks, andfreeway access.

12316 33rd Avenue NE Unit #C, Seattle

Listing Broker: Best Choice Realty LLC; Valyn Wang; 206-488-6878; valynwang@gmail.com

$338,000

This beautifully updated two-bedroom, two-bathroom condo offers exceptional space, comfort, and convenience in a highly desirable, well-managed complex. The open floor plan features a large, light-filled living area that flows seamlessly onto a private deck — perfect for grilling or relaxing. Both bedrooms are generously sized, the primary bedroom has an ensuite bathroom, providing ideal privacy and flexibility. Enjoy abundant storage throughout the home, plus recent upgrades including a new water heater, new flooring, new heaters, and more. Your private garage offers secure, dry access directly into the building. Simply step inside, take the elevator up, and arrive right at your front door — effortless living at its best. Located close to restaurants, retail, and transit, this condo is perfectly positioned for everyday convenience. Whether you’re looking for a personal home or a strong rental investment, this property checks all the boxes. Listing broker is related to the seller.

2 Beds ⋅ 2 Baths ⋅ 2581171 MLS ⋅ PENDING Status

This beautifully updated two-bedroom, two-bathroom condo offers exceptional space, comfort, and convenience in a highly desirable, well-managed complex. The open floor plan features a large, light-filled living area that flows seamlessly onto a private deck — perfect for grilling or relaxing. Both bedrooms are generously sized, the primary bedroom has an ensuite bathroom, providing ideal privacy and flexibility. Enjoy abundant storage throughout the home, plus recent upgrades including a new water heater, new flooring, new heaters, and more. Your private garage offers secure, dry access directly into the building. Simply step inside, take the elevator up, and arrive right at your front door — effortless living at its best. Located close to restaurants, retail, and transit, this condo is perfectly positioned for everyday convenience. Whether you’re looking for a personal home or a strong rental investment, this property checks all the boxes. Listing broker is related to the seller.

12035 32nd Avenue NE Unit #304, Seattle

Listing Broker: RE/MAX Metro Realty, Inc.; Paul Herbord; 206-714-2952; paul@herbord.com

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