$3,100,000
Est. $15,708/mo11521 26th Avenue Ne, Seattle, WA 98125
• Listed 2026-04-27•46 days on market
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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 5.55% 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 7.01% cap rate post renovation.
Listed by Gabe Blake • Blake Investment Advisors
Listing updated: April 27, 2026 at 11:13am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2503489
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11521 26th Avenue Ne, Seattle, WA 98125
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 7 days.
$1,050,000 Sold
7 weeks ago
•Single Family
13045 Lake City Way Ne, Seattle, WA 98125
9%
Under list
—
Days on market
0.9 mi
Distance
$500,000 Sold
2 months ago
2 bd•2 ba•~1,160 sq ft•Single Family
12018 31st Avenue Ne, Seattle, WA 98125
0%
Over list
—
Days on market
0.4 mi
Distance
$650,000 Sold
4 months ago
2 bd•1 ba•~1,268 sq ft•Single Family
10817 11th Avenue Ne #b, Seattle, WA 98125
1%
Under list
—
Days on market
0.8 mi
Distance
$998,000 Sold
5 months ago
2 bd•1.5 ba•~1,260 sq ft•Single Family
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0%
Over list
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Days on market
0.3 mi
Distance
$820,000 Sold
5 months ago
3 bd•1 ba•~1,716 sq ft•Single Family
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4%
Under list
—
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
