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Jennifer Marie Apartments
2318 Yale Ave E Seattle WA 98102
Listing #: 712428 | Status: Available | Last Modified: 5/4/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 251,028 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 82,866 |
| Net Operating Income | 155,610 |
| CAP Rate | 5.10 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 5.104 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 10 |
| Total Building SF | 8,850 SF |
| Net Rentable Area | 8,850 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 6,600 SF |
| Acres | 0.15 |
| Year Built | 1969 |
| Construction Type | Framed |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Market Area | Lake Union |
| Tax ID # | 2902201075 |
| Zoning | LR3 (M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 3 |
| # Uncovered Spaces | 9 |
| Total Parking Spots | 12 |
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 (
Jennifer Marie Apartments
2318 Yale Ave E Seattle WA 98102
Listing #: 712428 | Status: Available | Listing Date: 5/5/2026 | Last Modified: 5/4/2026 | Email Listing
For Sale
Jennifer Marie Apartments
