Eastlake Homes with 55 - 5-9 Units Style

Located in the vibrant city of Seattle, Washington, the Eastlake neighborhood is a hidden gem nestled in King County. Situated in the heart of the US, this area offers a unique blend of urban convenience and natural beauty.

Eastlake is renowned for its picturesque views of Lake Union, providing residents with a tranquil atmosphere and breathtaking sunsets. The neighborhood is known for its diverse community and welcoming atmosphere, making it an ideal place to call home for people of all ages and backgrounds.

One of the notable features of Eastlake is its collection of homes with 55 - 5-9 units style. These properties offer a range of housing options, from cozy apartments to spacious townhouses. With their distinctive architectural designs and modern amenities, these homes provide residents with comfortable and stylish living spaces.

Living in Eastlake means having easy access to a plethora of amenities and attractions. The neighborhood boasts a variety of local shops, restaurants, and cafes, where residents can indulge in delicious cuisine and explore unique boutiques. Additionally, Eastlake's proximity to downtown Seattle allows for convenient access to world-class entertainment venues, cultural landmarks, and employment opportunities.

For those who enjoy the outdoors, Eastlake offers numerous parks and green spaces, allowing residents to enjoy activities such as jogging, picnicking, and kayaking. The nearby Eastlake P-Patch Community Garden provides a peaceful retreat for gardening enthusiasts.

With its prime location, stunning scenery, and diverse housing options, Eastlake is a neighborhood that truly embodies the best of Seattle living. Whether you're a young professional seeking an urban lifestyle or a family looking for a close-knit community, Eastlake has something to offer everyone.

Newest Eastlake Homes with 55 - 5-9 Units Style

$3,350,000

2529866 MLS ⋅ ACTIVE Status

We are pleased to present Franklin 8 in Seattle’s Eastlake neighborhood! Built in 1967, the 8-unit asset comprises ~7,458 SF and features 8 spacious 2BD, 1BTH units. Each features a private patio or balcony and the large 930 SF floorplans include dedicated dining spaces, large closets, and pantry storage. The top floors units feature Clerestory height ceilings and windows in the living space. 2 units have been fully remodeled and equipped with in-unit laundry, providing the template to realize additional upside in completing renovations on the remaining 6 units. Significant capital improvements have been completed in 2023, including a reseal roof, replaced cedar siding, updated fencing, and improved landscaping. The building also features double paned windows throughout. In addition to its steady in-place performance and renovation upside, the asset presents investors with a unique opportunity to further increase density through the redevelopment of the rear parking lot which should support a 4-story building addition programed either as townhomes or eight potential new apartments (Buyer to verify). Positioned in one of Seattle’s most supply constrained and high-demand rental submarkets, the property supports the execution of multiple strategies for significant value add and upside building on a base of consistent and durable cashflow.

2362 Franklin Avenue E, Seattle

Listing courtesy of Lee & Associates Commercial RE.

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