Apartments For Sale
4,728 Sq Ft
The Foundation Group is pleased to exclusively offer for sale the Franklin Four, a 4-unit apartment building in Eastlake. The property
provides an opportunity to purchase a trophy 4 unit building in one of Seattle’s preeminent submarkets. The proximity to employment
centers (CBD and the University of Washington), public transportation, retail amenities, and the opportunity to add a unit makes this property a
can’t miss for your next acquisition.
Originally built in 1950, the Franklin 4 has gone extensive changes over the years. In 2009 an ADA unit was legally added making it a triplex.
In 2017, the owner added a 2 Bedroom / 2 Bath unit with a deck to the building as well. The opportunity to acquire large new units for a
non-commercial apartment building is very rare in Core Seattle.
The opportunity to add a unit, hold for land value (potential up zone)add bedrooms, convert the property to an AirBnB, or owner occupy
makes this property very desirable in any market cycle.