2318 Yale AVE E, Seattle, WA 98102
2318 Yale AVE E, Seattle, WA 98102
2318 Yale AVE E, Seattle, WA 98102
19
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Listed by:Paragon Real Estate Advisors • Michael Urquhart
$3,295,000
Est. payment /mo
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14 Beds
11 Baths
8,850 SqFt
Active

2318 Yale AVE E Seattle, WA 98102

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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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

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DJ Gee

DJ Gee

+1(253) 363-0413

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