Listed by Lee & Associates Commercial RE, Bought with Lake & Company
NOT LISTED FOR SALE

2635 Franklin Ave E Seattle, WA 98102

Eastlake Neighborhood
12 Beds
6 Baths
7,100 Sq Ft
5,500 Sq Ft Lot

Last Sold September 18, 2017

Last sale price $3,925,000 $553 Per Sq Ft

18 Days on Market

Highlights

  • Lake View
  • 0.13 Acre Lot
  • Corner Lot
  • Montlake Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to Rogers Playground

About This Home

As of September 2017

Mersoleil Franklin is a turn-key 9 unit apartment building in Eastlake on a 5,500 SQFT corner lot zoned LR2. Built in 1962. Remodeled in 2009, including a new roof, paint, windows, decks with glass and metal railings, and a perimeter foundation drainage system. Interiors were upgraded with new flooring, door & plumbing hardware, updated lighting and millwork. The kitchens feature stainless steel appliances, cabinets, granite countertops. Units have patios or balconies with views of Lake Union.

Last Agent to Sell the Property

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886 Listed on: 06/01/2017

Last Buyer's Agent

Joseph Goldberg

Lake & Company License #114035

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1135617

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,531

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 5,500 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 7,100 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Lake Views

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Seattle Public Sch Elementary And Middle School
  • Seattle Public Sch High School

Utilities

  • Radiator

Community Details

  • Mersoleil Franklin Condos
  • Eastlake Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 5
  • Assessor Parcel Number 1959700185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,531

Year Built

Built in 1962 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1962
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Mersoleil Franklin
  • New Construction: No
  • CalculatedSquareFootage: 7100
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Radiator, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: Lake
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Property Condition: Remodeled
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 11719

Schools

  • Junior High Dist: Seattle
  • High School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch

Lot Info

  • Parcel Number: 1959700185
  • Lot Size Acres: 0.1263
  • Lot Size Sq Ft: 5500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Parcel Viewer
  • ZoningClass: Multi-Family
  • LotNumber: 16

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 19345

Multi Family

  • Gross Scheduled Income: 232140
  • Net Operating Income: 173127
  • Number Of Units Total: 9
  • Electric Expense: 3199
  • Insurance Expense: 3295
  • Leasable Area: 7100
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: true
  • VacancyRate: 4

Tax Info

  • Year: 2017
  • Tax Annual Amount: 22531

MLS Schools

  • Elementary School: Seattle Public Sch

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2017 09/18/17 Sold $3,925,000 -0.6% $553 / Sq Ft
06/20/2017 06/20/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $3,950,000 -- $556 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Candice Chevaillier, CCIM

    Seller's Agent in 2017

    Candice Chevaillier, CCIM

    Lee & Associates Commercial RE

    (360) 614-2826

    23 Total Sales

    Candice Chevaillier, CCIM
    Section Image
  • Joseph Goldberg

    Buyer's Agent in 2017

    Joseph Goldberg

    Lake & Company

    (206) 390-8945

    36 Total Sales

    Joseph Goldberg
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1135617

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98102 Eastlake

2635 Franklin Ave E, Seattle, WA

This home is located at 2635 Franklin Ave E, Seattle, WA 98102 since 01 June 2017. This property was built in 1962. 2635 Franklin Ave E is a home located in King County with nearby schools including Montlake Elementary School, Meany Middle School, and Garfield High School.

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.

Northwest Multiple Listing Service (NWMLS) 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. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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