2362 Franklin Ave E Seattle, WA 98102
Eastlake NeighborhoodEstimated payment $20,718/month
Highlights
- Lake View
- 0.15 Acre Lot
- Thermal Windows
- Montlake Elementary School Rated A
- No HOA
- 1-minute walk to Rogers Playground
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2529866
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,565
Year Built
- Built in 1967
Lot Details
- 6,600 Sq Ft Lot
- Partially Fenced Property
- Property is in very good condition
Property Views
- Lake
- City
- Territorial
- Limited
Home Design
- Flat Roof Shape
- Poured Concrete
- Wood Siding
Interior Spaces
- 4-Story Property
- Thermal Windows
Flooring
- Carpet
- Vinyl Plank
- Vinyl
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Additional Features
- Patio
- Radiant Heating System
Community Details
- No Home Owners Association
- Eastlake Subdivision
Listing and Financial Details
- Assessor Parcel Number 2902200805
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,565 | $2,827,000 | $1,815,000 | $1,012,000 |
| 2024 | $26,344 | $2,708,000 | $1,947,000 | $761,000 |
| 2023 | $26,446 | $3,069,000 | $1,947,000 | $1,122,000 |
| 2022 | $27,291 | $3,102,000 | $1,650,000 | $1,452,000 |
| 2021 | $32,220 | $2,956,000 | $1,650,000 | $1,306,000 |
| 2020 | $31,753 | $3,341,000 | $1,881,000 | $1,460,000 |
| 2018 | $25,582 | $3,010,000 | $1,419,000 | $1,591,000 |
| 2017 | $24,444 | $2,581,000 | $1,254,000 | $1,327,000 |
| 2016 | $20,142 | $2,554,000 | $726,000 | $1,828,000 |
| 2015 | -- | $2,057,000 | $726,000 | $1,331,000 |
| 2014 | -- | $1,812,000 | $726,000 | $1,086,000 |
| 2013 | -- | $1,536,000 | $726,000 | $810,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/27/2026 05/27/26 | For Sale | $3,350,000 | +3.1% | -- | |
| 09/29/2023 09/29/23 | Sold | $3,250,000 | -4.4% | $390 / Sq Ft | View Prior Sale |
| 07/12/2023 07/12/23 | Pending | -- | -- | -- | |
| 05/25/2023 05/25/23 | For Sale | $3,400,000 | -- | $408 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $313 | None Listed On Document | |
| Warranty Deed | $3,248,400 | Stewart Title | |
| Warranty Deed | $2,010,000 | First American | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,200,000 | No Value Available | |
| Previous Owner | $1,110,000 | Commercial |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2529866
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID
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Ask me questions while you tour the home.