Provided by NWMLS, Listed by Sea to Sky Realty

Active

2236 Franklin Avenue E

Seattle WA, 98102

$3,450,000


$512.63 per sqft

Active

6,730 sqft

Multi-family

Built in 1901

Sea to Sky Realty is excited to present the Lorraine apartment complex located in the vibrant East Lake neighborhood. Just minutes north of South Lake Union. Sitting on a large 6,600sf LR3 lot with expansion potential, the property consists of an eight-unit apartment building and a separate single house and garage. With well below market rents, the new owner can immediately realize a rental income increase by up to 25% without any extra work. Additionally, seller financing is available. The investor has the option to acquire the adjacent property, Vista View (#290220-0700, MLS #2160623) together. The combined lot size of 13,200sf creates a rare opportunity for developers.

2155299

MLS ID

October 11, 2023

Listed

April 15, 2024

Updated

Map

2236 Franklin Avenue E
Seattle WA, 98102

Interior Features

Total Stories

3


Floor Description

Vinyl


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard

Exterior/Building Features

Lot Size

0.15 Acres


Exterior Features

Wood


Roof

Torch Down


Sewer

Available

School Information

School District

Seattle

Other Property Details

Area Name

390 - Central Seattle


Taxes

$27,159


Tax Frequency

Annually


Garage

No


Parking Total

2


View

No


County

King


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

The IDX display contains information sourced from the Northwest Multiple Listing Service as of 4/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Northwest Multiple Listing Service all rights reserved.

Data last updated on 4/18/2024 at 3:00 AM UTC 

Powered byLuxury Presence