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8716 Sand Point Way NE
Seattle, WA 98115 Lake City

$5,700,000 USD

Apartments For Sale • 11,105 SF

Property Details

Property Type Apartments
Total Building Size 11,105 SF
Lot Size 1.08 AC
Building Class B
Year Built 1939
Cap Rate 4.29 %
Zoning NR3

30 Transit Score

40 Walk Score

                
                    Highlights
                
                                Lake Washington waterfront property – beach access, 110 feet of lake frontage, and 2 boat slips, scenic Lake Washington views from most units
                            
                                Waterfront properties generally appreciate faster, offer lower vacancy rates & faster lease-up times & longer tenancies than non-waterfront properties
                            
                                Renovated, turnkey property – updated kitchens and bathrooms, dishwashers, and in-unit laundry in most apartments
                            
                                15 off-street and 3 garage parking spaces
                            
                                6 buildings on site: 3 apartment buildings, 2 cottages, and 1 single family home, all totaling 14 rental units
                            
                                Excellent Matthews Beach neighborhood location – ±100 yards to the Burke-Gilman trail, a short walk to Matthews Beach Park, a mile to Magnuson Park

Property Flyers

Beach Club Cottages

Financial Summary (Actual)

Net Operating Income: $244,409 USD (2026)

Cap Rate:	4.29 %
Total Expenses:	$148,722 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Botanical Healthcare

Amenities

Dishwasher
Laundry Facilities
Picnic Area
Washer/Dryer
Waterfront
Kitchen
Refrigerator
Oven
Tub/Shower
Views
Yard
Dock
Car Charging Station
Deck
Lawn

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	19 min	-	9.4 mi
Airport	Drive	Walk	Distance
Seattle Paine Field International	36 min	-	19.4 mi
Seattle-Tacoma International	38 min	-	22.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes

Dan Swanson 425-444-6501 Kidder Mathews

8716 Sand Point Way NE Seattle, WA 98115 Lake City