2318 Yale Avenue E, Seattle, WA 98102

Property Description

The Jennifer Marie is a 10-unit apartment building 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 (9 open and 3 covered tandem). 2 units are currently nonconforming. The Seller has invested in architectural plans and worked with the City of Seattle to prepare a legalization permit. The permit is teed up for a buyer to go to the city, pay the outstanding fees, and pick it up (buyer to verify).

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 4:19PM

Listing Office:

Paragon Real Estate Advisors : 206-623-8880

Listing Agent:

Michael Urquhart : 206-623-8880

MLS ID:

2518111

Interior

• Flooring: Laminate
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: StuccoWood
• Parking: Parking spaces: 12

Construction

• Roofing: Flat
• General: 56 - 10+ UnitsPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 2902201075

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls