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Listed by: Michael Urquhart (206) 812-9123 , Ben Douglas (206) 658-7247 | Paragon Real Estate Advisors (206) 623-8880
$3,095,000
Monthly Est:$15,405
14 Beds
11 Baths
8,850sqft
2318 Yale Ave E, Seattle, WA 98102
$3,095,000
$15,405/moEst:
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Multi Family
Built in 1969
$-- HOA
6,600 sqft lot
$350/sq.ft
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).
- Houzeo last checked: 12 hours ago
- Listing updated: September 21, 2026 at 4:27 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2518111
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1969
HOA Fees
-
Finished Area
8,850 sqft
Lot Size
6,600 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2518111
MLS Status
Active
Days on Market
150
Cumulative Days on Market
150
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 11
Interior
Flooring
Laminate
Exterior Features
Stucco, Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1969
Home type
Multi Family
Roof
Flat
Foundation Details
Poured Concrete
Construction Materials
Stucco, Wood
Other Features
Subdivision Name
Eastlake
Price History
| Date | Event | Price |
|---|---|---|
05/05/2026 Source: | Price Decreased | $3,095,000 -6.07% $350/sqft |
05/05/2026 Source: | Listed for Sale | $3,295,000 $372/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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