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Open Fri, May 29 +1
Open Sat, May 30 +1
Open Sat, May 30 +1
Open Sat, May 30 +1$3,350,000
Est. $16,992/mo2362 Franklin Avenue E, Seattle, WA 98102
• Listed 2026-05-27•2 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 4:24 PM PDT (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Daniel Lim • Lee & Associates Commercial RE
Listing updated: May 27, 2026 at 02:47pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2529866
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
See more →Open Fri, May 29 +1Open Sat, May 30 +1Open Sat, May 30 +1Open Sat, May 30 +15 recent nearby sales, priced between $59K and $460K.
$130,000Last sold price
1818 Westlake Avenue N #d1, Seattle, WA 98109
$59,000Last sold price
1001 Ne Boat Street #238, Seattle, WA 98105
$350,000Last sold price
1000 Aurora Avenue N #611, Seattle, WA 98109
$20,342 per month
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 38 days.
$4,400,000 Sold
1 week ago
5 bd•5 ba•~8,100 sq ft•Single Family
1617 Federal Avenue E, Seattle, WA 98102
12%
Under list
—
Days on market
0.6 mi
Distance
$699,950 Sold
8 weeks ago
1 bd•0.5 ba•~830 sq ft•Single Family
2018 Fairview Avenue E #b, Seattle, WA 98102
0%
Over list
—
Days on market
0.4 mi
Distance
$945,000 Sold
8 weeks ago
3 bd•1.5 ba•~1,790 sq ft•Single Family
2925 Franklin Avenue E #a, Seattle, WA 98102
1%
Under list
—
Days on market
0.4 mi
Distance
$1,190,000 Sold
5 months ago
3 bd•1.5 ba•~1,559 sq ft•Single Family
2236 Fairview Avenue E #b, Seattle, WA 98102
0%
Under list
—
Days on market
0.3 mi
Distance
$2,500,000 Sold
5 months ago
4 bd•2.5 ba•~3,480 sq ft•Single Family
2410 Everett Avenue E, Seattle, WA 98102
11%
Under list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
