2366 E Yale Avenue E, Seattle, WA 98102

$1,950,000
4,113
SqFt

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Listing courtesy of North Pacific Properties.

List Price
$1,950,000
Status
ACTIVE
MLS#
2529447
Days on Market
54
Style
55 - 5-9 Units
Finished SqFt
4,113
Area Total SqFt
4113
Annual Tax Ammount
15959
Lot Size (sq ft)
4,401
Sewer
Sewer Connected

Property Description

A rare opportunity! Tucked just two streets from the tranquil shores of Lake Union is Yale Properties. One of Seattle's gems-offering a rare blend of neighborhood charm, thoughtful design, and sweeping views of the Seattle skyline, Space Needle, and lake. Yale Properties offers six units. Two 2 bedroom units and four 1 bedroom units. Three enclosed garages out front and four parking spaces at the back of the property plus expansive community deck. Interior blueprint designed with high end appliances, LV flooring, ductless mini split HVAC and modern interior design. Entire building has updated electrical to handle high power loads and provide separate billing for each unit. Strolling through Eastlake feels like stepping into a carefully curated gallery. Classic Victorian homes stand in conversation with sleek modern architecture, while iconic floating homes add a uniquely Seattle dimension to the landscape. Each street tells a story rich with history, character, and quiet sophistication. Residents here share more than just proximity-they share a lifestyle. Weekdays offer seamless access to downtown Seattle, making productivity feel effortless. By contrast, weekends unfold at a slower pace, with kayakers gliding across Lake Union and neighbors gathering at the local farmer's market.

Additional Information

List Date
2026-06-02 17:54:13
Community
Lake Union
Net Operating Income
$74,935
Gross Adjusted Income
$122,014
Gross Scheduled Income
$122,014
Total Monthly Income
$12,240
Insurance Expenses
$8,342
Water/Sewer/Garbage Expenses
$9,150
Gross Rent Multiplier
16
Total Expenses
$47,079
Cap Rate
3.76
Total Number of Units
6
Unit Name
2366
Potential Terms
Cash, Conventional
Year Built
1966
View
City, Lake, Territorial
Roof
Flat
Site Features
Cable TV, Deck, Gas Available, High Speed Internet, Patio
Electric Expenses
1055
Other Expenses
11604
Energy Source
Electric, Natural Gas
School District
Seattle
Elementary School
Montlake
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$12,240
Gross Scheduled Income
$122,014
Gross Adjusted Income
$122,014
Tax Year
2025
Insurance Expense
$8,342
W/S/G Expenses
$9,150
Total Expenses
$47,079
Net Operating Income
$74,935
Gross Rent Multiplier
16
Cap Rate
3.76
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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