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Listed by:Paragon Real Estate Advisors • Michael Urquhart

$3,095,000

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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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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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 $349

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

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Amenities & Attractions

Home Services

Health & Medical

Recreation

Beauty

Travel

Education

Overholt William Interiors

1902 10th Ave E, Seattle, WA 98102

Interior Design Phone: 206-323-7223

Educational Environment

Elementary Schools (1)

Name

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