2236 Franklin Ave E Seattle, WA 98102
Apartment complex with expansion potential in vibrant East Lake neighborhood.
Property size:
6,730 SFProperty Features for 2236 Franklin Ave E
General Information
- Standard status
- Active
- Size
- 6,730 SF
Building Details
- Year built
- 1901
Source:
Corcoran
Listing Agent: Lin Shen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
East Lake Multifamily Investment Opportunity
Located in the East Lake neighborhood, the Lorraine apartment complex offers access to highways, public transportation, Amazon headquarters, and tech companies. The property includes an eight-unit apartment building, a single house, and a garage, situated on a 6,600 square foot lot with LR3 zoning, indicating expansion potential. The property is intended for use as an apartment complex. The current rents are below market value, presenting an opportunity to increase rental income. An adjacent property is also available for acquisition under the same ownership, potentially combining for a total lot size of 13,200 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3244219
- Latitude
- 47.6393932
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Apartment complex with expansion potential in vibrant East Lake neighborhood.
Where is this apartment building located?
The property is located at 2236 Franklin Ave E Seattle, WA.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: - Significant rental income increase potential (up to 26%) due to below-market rents.; - Prime location in the East Lake neighborhood, near South Lake Union and major tech companies including Amazon.; - Large 6,600sf LR3 lot with expansion potential.