6-Unit Apartment
2366 E Yale Avenue E, Seattle, WA 98102
For Sale
$1,750,000
The fully occupied property combines a two-bedroom and one-bedroom unit mix with on-site parking and a shared deck.
Property Size4,113 SF
Price / SF$425.48
Days on Market166
Property Features for 2366 E Yale Avenue E
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
community deck
Building Details
Building Size
Year Built
Buildings
Listing Agency:
North Pacific Properties
Listed By:
Cynthia Malone
(206) 781-0186
Source:
Craftedre
Added: Jun 2
Changed: Nov 13
Last Checked: Nov 13 at 5:53PM
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 North Pacific Properties
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Investment Insights
Based on property information with market context.
This 6-unit apartment property contains 4,113 square feet and was built in 1966. Its mix includes two 2-bedroom apartments and four 1-bedroom apartments. Building features include three enclosed garages, four additional parking spaces, and a community deck. Interior finishes and equipment include high-end appliances, LV flooring, and ductless mini-split HVAC. Electrical upgrades support high-power loads and separate billing for each apartment.
The property is in Seattle’s Eastlake neighborhood, two streets from Lake Union, with views of the lake and Seattle skyline, including the Space Needle. Downtown Seattle is accessible from the area.
The property is in Seattle’s Eastlake neighborhood, two streets from Lake Union, with views of the lake and Seattle skyline, including the Space Needle. Downtown Seattle is accessible from the area.
Key Highlights
- Six apartments: two 2‑bedroom units and four 1‑bedroom units
- 4,113 square feet; built in 1966
- All units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,419
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,380
$1.4M
Cap Rate 7%
$991,700
$991.7K
Cap Rate 9%
$771,322
$771.3K
Market Conditions
NOI Build-Up for 4,113 SF
Gross rent
$130.8K $31.80/SF
− Vacancy
−$4.6K −$1.11/SF
EGI
$126.2K $30.69/SF
− OpEx
−$56.8K −$13.81/SF
NOI
$69.4K $16.88/SF
Area
Seattle, WA
Vacancy
3.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,380
Cap Rate 7%
$991,700
Cap Rate 9%
$771,322
Alternative Uses
Best Use
Apartment 5plus
$991.7K
$867.7K – $1.16M
NOI $69,419 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,619 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,731
Businesses Nearby
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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
$988,700
Median Home Value
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Market
Average Price Trend$/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 - The fully occupied property combines a two-bedroom and one-bedroom unit mix with on-site parking and a shared deck.
Where is this apartment building located?
The property is located at 2366 E Yale Avenue E Seattle, WA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Six apartments: two 2‑bedroom units and four 1‑bedroom units; 4,113 square feet; built in 1966; All units are occupied
