$3,095,000
 $16,615 est/mo Sourced by Back At You

2318 Yale Avenue,Seattle, WA 98102

Seattle, WA 98102

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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).

Details

MLS #2518111
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1969
Days On Site130
Listing Provided ByParagon Real Estate Advisors | Michael Urquhart

Features

SQ Feet8,850
Car PortYes
Story(s)3
Units10
ZoningMulti-Family
Acreage0.15

Taxes

Property30522

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98102
Area390 Central Seattle
Community NameEastlake
Listing VS Median (in Eastlake)
Price:
$3,095,000
low | high
Med:
$1,061,975
100% of Average
sqft:
8,850
low | high
Med:
1,609
100% of Average
$ / sqft:
$350
low | high
Med:
$680
44.384478087708% of Average
On site:
130
low | high
Med:
26.5
100% of Average
Sourced by Back At You

Market Activity 98102

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98102
Area390 Central Seattle
Community NameEastlake
Listing VS Median (in Eastlake)
Price:
$3,095,000
low | high
Med:
$1,061,975
100% of Average
sqft:
8,850
low | high
Med:
1,609
100% of Average
$ / sqft:
$350
low | high
Med:
$680
44.384478087708% of Average
On site:
130
low | high
Med:
26.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.321M - $3.868M
sqft: 6,500 - 11,000
Nearby Listings Property ImageNearby Listings Details
2362 Franklin Avenue Property Photo 1
$3,350,000
2362 Franklin Avenue
Seattle, WA 98102
Listing Updated: July 10, 2026 at 11:38:50 AM PDT