2318 Yale Ave E
Seattle WA 98102
Jennifer Marie Apartments
2318 Yale Ave E Seattle WA 98102
Listing #: 712428 | Status: Available | Last Modified: 5/4/2026 |
For Sale
- Phone:(206) 812-9130
- Email:brianp@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:www.paragonrea.com
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Agent Phone:(206) 812-9101
- Agent Email:ben@paragonrea.com
- Agent Phone:(206) 406-9105
- Agent Email:rowan@paragonREA.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,295,000.0
- $/SF$ 372.3
- $/Unit$ 3,295,000.0
- Listing StatusAvailable
- Days on Market8
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income251,028
- Vacancy Factor %5.00%
- Operating Expenses82,866
- Net Operating Income155,610
- CAP Rate 5.10 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.10 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units10
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF8850
- Net Rentable Area8850
- Total Office SF
- Largest Contiguous SF
- Lot SF6600
- Acres0.15
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaLake Union
- Tax ID #2902201075
- Additional Parcels
- ZoningLR3 (M)
- # Covered Spaces3
- # Uncovered Spaces9
- Total Parking Spots12
- Parking Ratio
- Year Built1969
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Jennifer Marie
The Jennifer Marie is a 10-unit apartment building (2 non-conforming) located in the heart of Seattle’s Eastlake neighborhood. Built in 1969, the property features a mix of 1BD, 2BD, and 3BD units totaling 8,850 rentable square feet on a 6,600 square foot lot zoned LR3 (M). The building is in strong physical condition with major systems in great shape. New roof was installed in May 2025 and comes with a transferable warranty. 8 units received new luxury vinyl plank (LVP) flooring when they were turned over between late 2023 and early 2024. The kitchens and bathrooms across the building remain largely original, creating a clear renovation path in targeted improvements to push rents from the current average of $2,197 to a projected $2,663, a 21% increase. The building has 12 parking stalls (
