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).
| MLS # | 2518111 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1969 |
| Days On Site | 130 |
| Listing Provided By | Paragon Real Estate Advisors | Michael Urquhart |
| SQ Feet | 8,850 |
|---|---|
| Car Port | Yes |
| Story(s) | 3 |
| Units | 10 |
| Zoning | Multi-Family |
| Acreage | 0.15 |
| Property | 30522 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98102 |
| Area | 390 Central Seattle |
| Community Name | Eastlake |
| Listing VS Median (in Eastlake) | |
Price: $3,095,000 low | high Med: $1,061,975 sqft: 8,850 low | high Med: 1,609 $ / sqft: $350 low | high Med: $680 On site: 130 low | high Med: 26.5 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98102 |
| Area | 390 Central Seattle |
| Community Name | Eastlake |
| Listing VS Median (in Eastlake) | |
Price: $3,095,000 low | high Med: $1,061,975 sqft: 8,850 low | high Med: 1,609 $ / sqft: $350 low | high Med: $680 On site: 130 low | high Med: 26.5 | |
![]() | $3,350,0002362 Franklin AvenueSeattle, WA 98102 |