2362 Franklin Ave E Seattle, WA 98102

Building Details

Year Built

1967

Listing office LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES d***@lee-associates.com Show Phone

Listing date May 20, 2026

Source Lee-associates

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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

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Investment Insights

Based on property information with market context.

Located in Seattle’s Eastlake neighborhood, this multifamily property, constructed in 1967, features eight spacious 2-bedroom, 1-bathroom units. The asset comprises approximately 7,458 square feet. Each unit includes a private patio or balcony, and the large 930 square foot floorplans feature dedicated dining spaces, large closets, and pantry storage. The top floor units feature clerestory height ceilings and windows in the living space. Two units have been fully remodeled and equipped with in-unit laundry. Recent upgrades include a re-sealed roof, newer siding and paint, copper plumbing, and double-pane windows. The property is 100% occupied. The location provides access to the Lake Union waterfront, Eastlake Avenue retail amenities, parks, and employment centers. There is potential to continue unit renovations and explore redevelopment of the rear parking lot.

Key Highlights

• Stabilized asset with 100% occupancy provides immediate cash flow.
• Spacious 930 SF 2‑bedroom units, each with private patio or balcony.
• Value‑add opportunity through renovation of remaining six units and potential redevelopment of the rear parking lot.

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FAQs

What type of property is this?

Apartment building - Eight-unit apartment building in Seattle's Eastlake neighborhood.

Where is this apartment building located?

The property is located at 2362 Franklin Ave E Seattle, WA.

What is the asking price?

The asking price for this property is $3,350,000.

What are key features of this property?

This property features: Stabilized asset with 100% occupancy provides immediate cash flow.; Spacious 930 SF 2‑bedroom units, each with private patio or balcony.; Value‑add opportunity through renovation of remaining six units and potential redevelopment of the rear parking lot.