2318 Yale Avenue E, Seattle, WA 98102

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: michael urquhart, ben douglas
Office: paragon real estate advisors
MLS#:2518111
Source:NWMLS
2318 Yale Avenue E,Seattle, WA 98102
$3,295,000
  • - Beds
  • - Baths
  • 8,850 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,295,000
  • Price per sq. ft.:$372.32

About this home

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...

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Home facts

  • Year built:1969
  • Listing ID #:2518111
  • Updated:May 05, 2026 at 10:59 AM

Rooms and interior

  • Flooring:Laminate
  • Living area:8,850 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1969
  • Building area:8,850 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Stucco Exterior Finish, Wood Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,295,000
  • Price per sq. ft.:$372.32
  • Tax amount:$30,522 (2026)

Parking

  • Total parking spaces:12
  • Carport spaces:3
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