$1,750,000

8 Beds 7 Baths 4,113 SQFT 0.10 Acres
Type: Multi-Family

2366 E Yale Avenue E
Seattle, WA 98102

MLS#: 2529447
Presented by: North Pacific Properties and NWMLS

Property Description

 

A rare opportunity! Yale Properties is located just two streets away from the shores of Lake Union. One of Seattle’s treasures, featuring a unique mix of local charm, careful design, and expansive views of the Seattle skyline, the Space Needle, and the lake. Yale Properties has every unit filled. Two units with 2 bedrooms and four units with 1 bedroom. At the front, there are three enclosed garages and at the rear, four parking spaces, along with a spacious community deck. The interior blueprint features high-end appliances, LV flooring, ductless mini-split HVAC, and a modern interior design. The entire building’s electrical system has been upgraded to support high-power loads and enable separate billing for each unit. Strolling through Eastlake feels like stepping into a carefully curated gallery. Traditional Victorian houses engage with contemporary sleek architecture, while the famous floating homes contribute a distinct Seattle character to the scenery. Every street narrates a tale filled with history, character, and subtle elegance. People living here share more than just a location—they share a way of life. Weekdays provide easy access to downtown Seattle, making productivity seem effortless. On weekends, the pace slows down, with kayakers drifting on Lake Union and neighbors coming together at the local farmer’s market.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringEngineered Hardwood, Laminate, Vinyl
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories3

General

AppliancesTankless Water Heater
Building Area Units0 sqft
Building NameYale Properties
Cap Rate3.76
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingDuctless, Heat Pump
CountyKing
DirectionsFrom Interstate 5 take the Mercer street exit and travel north on Eastlake avenue, west on east Roanoke south on Yale Avenue east
Electric Expense1055
Elementary SchoolMontlake
Fuel Expense969
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard, Ductless, Heat Pump
High SchoolGarfield High
High School DistrictSeattle
Insurance Expense8342
Leasable Area4,113 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet4,401 sqft
Lot Size UnitsSquare Feet
MLS Area700 - Queen Anne/Magnolia
Middle/Junior High SchoolMeany Mid
NWM_ShowMapLinkY
Net Operating Income74935
New ConstructionNo
Number Of Units Total6
PossessionClosing
Possible UseCommercial
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksA rare opportunity! Yale Properties is located just two streets away from the shores of Lake Union. One of Seattles treasures, featuring a unique mix of local charm, careful design, and expansive views
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameLake Union
Tax Annual Amount$15,959
Tax Year2025
Units Below Gradefalse
Units In Building Total6
ViewCity, Lake, Territorial
Water CompanyPuget Sound Energy
Water Sewer Garbage9150
Year Built1966
Zoning DescriptionCommercial

Exterior

Building Area Total4,113 sqft
Covered Spaces0
Exterior AmenitiesCement/Concrete
Foundation DetailsConcrete Ribbon
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Paved
Lot Number3
Lot Size Acres0.101
Parking Uncovered Total0
Site FeaturesCable TV, Deck, Gas Available, High Speed Internet, Patio
Total Parking0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School Montlake Elementary School
High School Garfield High
Middle School Meany Mid

  

Similar Properties

$1,750,000

8 Beds 7 Baths 4,113 SQFT 0.10 Acres
Type: Multi-Family

2366 E Yale Avenue E
Seattle, WA 98102

MLS#: 2529447