19-Unit Apartment
2231 Franklin Ave E, Seattle, WA 98102
For Sale
$5,950,000
Apartments include private outdoor space, in-unit dishwashers, and a mix weighted toward two-bedroom layouts.
Property SizeContact for details
Lot Size0.35 Acres
Days on Market14
Property Features for 2231 Franklin Ave E
General Information
Standard status
Total Parking Spaces
Elevators
Lot size
Property subtype
Zoning
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
common laundry room
storage units
Building Details
Year Built
Buildings
Listing Agency:
Paragon Real Estate Advisors
(206) 623-8880
Listed By:
Michael Urquhart · License WA #135356
(206) 812-9123
Source:
Exprealty
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 10 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paragon Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Villa Anita Apartments is a 19-unit property at 2231 Franklin Ave E in Seattle’s Eastlake neighborhood. The building contains 18 two-bedroom, one-bath units and one one-bedroom, one-bath unit. Two-bedroom apartments range from 856 to 982 square feet; the one-bedroom measures 739 square feet. Each residence has a dishwasher and a private concrete deck or patio, and 12 units have views of Lake Union. The 15,400-square-foot site is zoned LR3 (M).
Shared features include an elevator, a laundry room with owned machines, approximately 19 storage units, and 20 parking stalls—six covered and 14 open. Building systems include copper plumbing, GE electrical panels, electric heat, double-pane vinyl windows, and individual hot water tanks replaced within the past four years. The roof is approximately 15 years old. Interior updates include quartz or granite counters in 13 kitchens, updated cabinets in 11 kitchens, and updated vanities in 14 bathrooms. The property has a 5.0% current cap rate.
Shared features include an elevator, a laundry room with owned machines, approximately 19 storage units, and 20 parking stalls—six covered and 14 open. Building systems include copper plumbing, GE electrical panels, electric heat, double-pane vinyl windows, and individual hot water tanks replaced within the past four years. The roof is approximately 15 years old. Interior updates include quartz or granite counters in 13 kitchens, updated cabinets in 11 kitchens, and updated vanities in 14 bathrooms. The property has a 5.0% current cap rate.
Key Highlights
- 19 units: 18 two‑bedroom, one‑bath apartments and one one‑bedroom, one‑bath apartment
- 12 apartments have Lake Union views
- Apartments range from 739 to 982 square feet; two‑bedroom units are 856 to 982 square feet
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
1,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 98102, WA
25,066
Population
17,944
Households
1.4
Avg Household Size
34
Median Age
79%
College-Educated
99%
High-School Grad
1.3 sq mi
ZIP Area
19,282
Density / Sq Mi
$114,395
Median Household Income
$80,130
Median Earnings
$1,920
Median Rent
$988,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Seattle, WA
Properties on Market for Apartment buildings in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments include private outdoor space, in-unit dishwashers, and a mix weighted toward two-bedroom layouts.
Where is this apartment building located?
The property is located at 2231 Franklin Ave E Seattle, WA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 19 units: 18 two‑bedroom, one‑bath apartments and one one‑bedroom, one‑bath apartment; 12 apartments have Lake Union views; Apartments range from 739 to 982 square feet; two‑bedroom units are 856 to 982 square feet
