2311 Yale Avenue E, Seattle, WA 98102

$1,485,000
4,392
SqFt

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Listing courtesy of eXp Realty.

List Price
$1,485,000
Status
ACTIVE
MLS#
2486345
Days on Market
146
Style
55 - 5-9 Units
Finished SqFt
4,392
Area Total SqFt
4392
Annual Tax Ammount
10504.62
Lot Size (sq ft)
3,564
Sewer
Sewer Connected

Property Description

Lake Vista apartments of an old world charm brick building. Situated in the vibrant Eastlake neighborhood, 3 blocks E of Lake Union. Eastlake and S Lake Union the hub to High Tech, Biotech, & medical research companies like Amazon headquarters, Bill & Melinda Gates foundation, Zymogenetics etc. Units feature hardwood floors, updated electrical panels, central radiant heat, spacious floor plans, old world charm. Rents have room to increase. Well maintained building with very low vacancy rate. Building has solar panels for an additional ANNUAL income of $560.00/YR, and leased washer income of $383.00/YR The lot has been short platted 5ft from the back of the building, please refer to the supplements for specifics. PLEASE do not talk/contact any of the tenants

Additional Information

List Date
2026-03-02 19:28:10
Community
Seattle
Net Operating Income
$101,835
Gross Adjusted Income
$94,635
Gross Scheduled Income
$121,020
Total Monthly Income
$10,164
Insurance Expenses
$4,636
Water/Sewer/Garbage Expenses
$9,298
Gross Rent Multiplier
12.94
Total Expenses
$27,327
Cap Rate
6.5
Total Number of Units
6
Unit Name
2311
Potential Terms
Cash, Conventional
Year Built
1928
Roof
Composition, Flat
Site Features
Cable TV, Gas Available
Other Expenses
2889
Energy Source
Electric
School District
Seattle
Total Monthly Income
$10,164
Gross Scheduled Income
$121,020
Gross Adjusted Income
$94,635
Tax Year
2024
Insurance Expense
$4,636
W/S/G Expenses
$9,298
Total Expenses
$27,327
Net Operating Income
$101,835
Gross Rent Multiplier
12.94
Cap Rate
6.5
Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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