2318 Yale Avenue E, Seattle, WA 98102
Courtesy of Paragon Real Estate Advisors
- $3,095,000
- 8,850
- SqFt
- List Price
- $3,095,000
- Status
- ACTIVE
- Days on Market
- 133
- Price Change
- ▼ $200,000 1783378923
- MLS#
- 2518111
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1969
- Living Area
- 8,850
- Lot Size
- 6,600
- Acres
- 0.15
- Subdivision
- Eastlake
- Neighborhood
- Eastlake
- MLS Area Major
- Central Seattle
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).
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Additional Information
- Amenities
- Coin Op Laundry
- Exterior Features
- Stucco, Wood
- Property Description
- 56 - 10+ Units
- Flooring
- Laminate
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Flat
- School District
- Seattle
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