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Listed by:Paragon Real Estate Advisors • Michael Urquhart
$ 3,295,000
Est. payment /mo
New
2318 Yale AVE E Seattle, WA 98102
14 Beds
11 Baths
8,850 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,850 sqft
Price per Sqft $372
Subdivision Eastlake
MLS Listing ID 2518111
Style 56 - 10+ Units
Bedrooms 14
Year Built 1969
Annual Tax Amount $30,522
Lot Size 6,600 Sqft
Property Sub-Type Multi Family
Property Description
The Jennifer Marie is a 10-unit apartment building located in the heart of Seattle's Eastlake neighborhood. Built in 1969, the property features a mix of 1BD, 2BD, and 3BD units totaling 8,850 rentable square feet on a 6,600 square foot lot zoned LR3 (M). The building is in strong physical condition with major systems in great shape. New roof was installed in May 2025 and comes with a transferable warranty. 8 units received new luxury vinyl plank (LVP) flooring when they were turned over between late 2023 and early 2024. The kitchens and bathrooms across the building remain largely original, creating a clear renovation path in targeted improvements to push rents from the current average of $2,197 to a projected $2,663, a 21% increase. The building has 12 parking stalls (9 open and 3 covered tandem). 2 units are currently nonconforming. The Seller has invested in architectural plans and worked with the City of Seattle to prepare a legalization permit. The permit is teed up for a buyer to go to the city, pay the outstanding fees, and pick it up (buyer to verify).
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Stucco, Wood
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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