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Ardivus Brivity

Sooper Dooper Guy | Template Draper

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11521 26th Ave NE , Seattle, WA 98125
$2,995,000
Est. Payment: $14,535.12/mo
23 Bed
15 Bath
10870 Sqft
Status: active | Days on site: 51
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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.
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Highlights

Listed by Gabe Blake , 206-618-2207 and Josh Blake , 206-618-2207 Blake Investment Advisors , 206-618-2207. Northwest Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.45

Year Built

1962

County

King

Area

710 - North Seattle

 Neighborhood

Lake City

 School District

Seattle

Listing ID

2503489

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:23
  • ▪ Bathrooms:15
  • ▪ Full Bathrooms:
Floor:Vinyl Plank

Exterior Features

Lot:Zoning: Multi-Family
Garage Capacity:16
Zoning:Multi-Family
Roof:Torch Down
Others:Wood Products
Sewer:Sewer Connected
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$14,535
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$2,669

Home Price

$2,995,000

Home Price

Loan Details

30 yrs
6.11%

Interest Rate

Loan Type

Down Payment

20%
$599,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$14,535.12

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,535.12 $2,669.25 $0.00 $17,204.37
Yearly $174,421.38 $32,031.00 $0.00 $206,452.38
Total $5,232,641.43 $960,930.00 $0.00 $6,193,571.43
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Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Seattle, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-06-30T02:39:12.000Z

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