Listed by Northmarq Commercial, LLC, Bought with Summit Properties NW LLC
NOT LISTED FOR SALE

2919 2923 Franklin Ave E Seattle, WA 98102

Eastlake Neighborhood
-- Bed
-- Bath
7,846 Sq Ft
10,450 Sq Ft Lot

Last Sold July 06, 2021

Last sale price $3,405,000 $434 Per Sq Ft

14 Days on Market

About This Home

As of July 2021

Beautiful early 20th century brick exterior apartment building. Two identical buildings sitting on two parcels. Rental upside potential through a value-add strategy. Great unit mix with 2 bed, 1 bed and studio units with in-unit laundry. Centrally located with convenient transit options nearby, and some Lake Union water views from Eastlake.

Last Agent to Sell the Property

Joe Kinkopf

Northmarq Commercial, LLC Listed on: 04/28/2021

Last Buyer's Agent

Amin Shariat

Summit Properties NW LLC License #113743

Summit Properties NW LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1765410

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,732

Year Built

  • Built in 1927

Lot Details

  • 10,450 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 7,846 Sq Ft Home
  • 3-Story Property

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1959702650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,732

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1927
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7846
  • Special Features: None
  • Cumulative Days on Market: 356

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Interior Amenities: Hot Water Recirc Pump
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 20569

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1959702650
  • Lot Size Acres: 0.2399
  • Lot Size Sq Ft: 10450
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: MLS Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 23390

Multi Family

  • Gross Scheduled Income: 280680
  • Net Operating Income: 164520
  • Number Of Units Total: 12
  • Insurance Expense: 3743
  • Leasable Area: 7846
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 40732
  • AdditionalTaxIds: 1959702655

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/06/2021 07/06/21 Sold $3,405,000 -5.4% $434 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $3,600,000 -- $459 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Joe Kinkopf

    Northmarq Commercial, LLC

    Section Image
  • Amin Shariat

    Buyer's Agent in 2021

    Amin Shariat

    Summit Properties NW

    (206) 535-5781

    2 in this area

    94 Total Sales

    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1765410

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98102 Eastlake

2919 2923 Franklin Ave E, Seattle, WA

This home is located at 2919 2923 Franklin Ave E, Seattle, WA 98102 since 28 April 2021. This property was built in 1927. 2919 2923 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

Nearby Homes