Sold920d on market
2362 Franklin Avenue E
Seattle, WA, 98102 • Eastlake • King County
$3,250,000
$390/sqft
8,328Sqft
0.15 acLot
1967Built
Property DNA
Eastlake
Eastlake
Outdoor Living
Wall to Wall Carpet
Market activity
Demand and pricing signals for this listing
12 views
People checking out this listing
920 days on market
Established listing
$390/sqft
Price per square foot
About this home
Multi Family · Built 1967
Built in 1967, the Franklin is in the Eastlake neighborhood, an ‘A’ location on the shores of Lake Union just north of Downtown Seattle. The Franklin offers a new owner solid cash flow with substantial upside. Each of the 8 units are likely over 900 SF and rent for an average of nearly $2,450 per month. The most recent turnovers achieved $2,995 plus parking and utilities with a full remodel and $2,495 plus parking and utilities for a basic turnover. Projecting these rents across the rent roll will likely achieve a 5.45% cap rate! For even higher returns, a new owner can likely construct 8 additional units on site (buyer to verify).
Estimated monthly payment
Based on current rates
$20,237/month
Principal & Interest$15,904
Property Tax$3,250
Insurance$1,083
Down payment20% ($650,000)
3%50%
Est. 6.19% rate · 30yr fixed · $2,600,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1967
HeatingRadiant, Electric
CoolingNone
Parking8 Open Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1967
Systems
HeatingRadiant, Electric
CoolingNone
RoofFlat
ConstructionStucco, Wood Siding, Wood Products
Water / SewerPublic / Sewer Connected
Parking & Outdoor
ParkingOpen
Lot6,599 sqft
Location & Tax
NeighborhoodEastlake
Annual tax$26,446
Parcel2902200805
Features & details
9 categories of property features
Interior Features
Flooring
Vinyl
Vinyl Plank
Carpet
Heating
Radiant
Electric
Cooling
None
Windows
Thermal Windows
Green/Energy
Thermal Windows
Exterior Features
Parking
Open
Construction
Stucco
Wood Siding
Wood Products
Patio & Porch
Wall to Wall Carpet
Lot Features
Curbs
Paved
Sidewalk
Fenced-Partially
Listing insights
Market data and value estimates
StatusSold
Days on market920
Est. value$3,061,600
Est. rent$2,949/mo
Tax rate0.82%
Price/sqft$390
On marketJul 30, 2023
PostedMay 25, 2023
Last sold$3,250,000
MLS statusSold
MLS updatedSep 5, 2024
Tour days6
Views12
How are the schools in Seattle?
3 schools rated nearby
Location
Seattle, WA, 98102
Price history
3 events
DateEventPrice$/sqftSource
Sep 29, 2023Sold$3,250,000$390NWMLS as distributed by MLS GRID
Jul 12, 2023Pending Sale$3,400,000$408NWMLS as distributed by MLS GRID
May 25, 2023Listed For Sale$3,400,000$408NWMLS as distributed by MLS GRID
Sold$3,250,000
Sep 29, 2023•$390/sqft•NWMLS as distributed by MLS GRID
Pending Sale$3,400,000
Jul 12, 2023•$408/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$3,400,000
May 25, 2023•$408/sqft•NWMLS as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Seattle, WA • King County
Nearby neighborhoods
AdamsCapitol HillFirst HillFremontGreenwoodMagnoliaMinorRavennaUniversity DistrictWallingford
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040981039810598109981159811798118981229812598133
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Based on information submitted to the MLS GRID as of 2026-04-07 01:39:20 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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