Eastlake Homes with 55 - 5-9 Units Style

Eastlake Homes with 55 - 5-9 Units Style

Welcome to Eastlake, a vibrant neighborhood nestled in the heart of Seattle, Washington. Located in King County, Eastlake is a charming community that offers a perfect blend of urban living and natural beauty. This neighborhood is renowned for its stunning views of Lake Union and its close proximity to downtown Seattle.

Eastlake is a sought-after destination for those seeking a true urban lifestyle. With its diverse range of housing options, you'll find a variety of homes with 55 - 5-9 units style that cater to different preferences and budgets. Whether you're looking for a cozy apartment or a spacious townhouse, Eastlake has something for everyone.

Living in Eastlake means enjoying easy access to a plethora of amenities. The neighborhood is home to a vibrant mix of restaurants, cafes, and shops, where you can indulge in delicious cuisine or find unique treasures. Additionally, outdoor enthusiasts will appreciate the numerous parks and green spaces nearby, providing ample opportunities for recreational activities such as jogging, biking, or simply enjoying a leisurely stroll.

Commuting is a breeze in Eastlake, with excellent public transportation options and convenient access to major highways. This makes it easy to explore all that Seattle has to offer, from its world-class museums and theaters to its bustling markets and iconic landmarks.

If you're looking for a neighborhood that combines the best of urban living with natural beauty, Eastlake is the perfect place to call home. With its stunning views, diverse housing options, and convenient location, Eastlake offers a true sense of community and an exceptional quality of life.

Newest Eastlake Homes with 55 - 5-9 Units Style

$3,350,000
2529866 MLS ⋅ ACTIVE Status
We are pleased to present Franklin 8 in Seattle’s Eastlake neighborhood! Built in 1967, the 8-unit asset comprises ~7,458 SF and features 8 spacious 2BD, 1BTH units. Each features a private patio or balcony and the large 930 SF floorplans include dedicated dining spaces, large closets, and pantry storage. The top floors units feature Clerestory height ceilings and windows in the living space. 2 units have been fully remodeled and equipped with in-unit laundry, providing the template to realize additional upside in completing renovations on the remaining 6 units. Significant capital improvements have been completed in 2023, including a reseal roof, replaced cedar siding, updated fencing, and improved landscaping. The building also features double paned windows throughout. In addition to its steady in-place performance and renovation upside, the asset presents investors with a unique opportunity to further increase density through the redevelopment of the rear parking lot which should support a 4-story building addition programed either as townhomes or eight potential new apartments (Buyer to verify). Positioned in one of Seattle’s most supply constrained and high-demand rental submarkets, the property supports the execution of multiple strategies for significant value add and upside building on a base of consistent and durable cashflow.

2362 Franklin Avenue E, Seattle

Listing courtesy of Lee & Associates Commercial RE.

Start Your Search
Based on information submitted to the MLS GRID as of . 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, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.