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2318 Yale Ave E
Seattle, WA 98102 Eastlake

$3,295,000 USD

Apartments For Sale • 7,383 SF

Property Details

Property Type Apartments
Total Building Size 8,850 SF
Lot Size 0.15 AC
Building Class C
Year Built 1969
Cap Rate 5.10 %
Zoning LR3 (M)

70 Transit Score

90 Walk Score

                
                    Highlights
                
                                Excellent value add opportunity
                            
                                Impecable Eastlake location
                            
                                New roof in 2025
                            
                                Additional untapped income
                            
                                10 unit building (2 NC)
                            
                                Permits ready to leagalize NC units

Property Flyers

Jennifer Marie OM

Financial Summary (Actual)

Net Operating Income: $168,162 USD (2025)

Cap Rate:

5.10 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	8 min	-	3.4 mi
Transit/Subway	Drive	Walk	Distance
Fairview & Campus Drive (South Lake Union Streetcar - Seattle Streetcar)	4 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	26 min	-	16.6 mi
Seattle Paine Field International	32 min	-	21.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	9
Type:	Surface
Included in Rent:	Yes

Michael Urquhart 206-812-9123 Paragon Real Estate Advisors

2318 Yale Ave E Seattle, WA 98102 Eastlake