2215 Yale Ave E, Seattle, WA 98102

$1,475,000

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Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,475,000
Status
ACTIVE
MLS#
2549145
Days on Market
20
Style
53 - Tri-plex
Annual Tax Ammount
14066
Lot Size (sq ft)
3,300
Sewer
Available

Property Description

The property has a unique unit mix comprised of a 1BD/1BTH unit with a patio, a 2BD/2BTH unit with a deck and a penthouse unit that is a 2BD/2BTH plus an office loft. The penthouse is a townhouse style unit with a deck off the main floor and a second deck on the roof with an office attached to it. The middle unit has peak-a-boo views of Lake Union and the penthouse main floor deck and rooftop deck have panoramic 180 degree views of Lake Union, Downtown Seattle, and Gas Works Park. The penthouse unit is perfect for an owner-occupant or can be rented for significant rental income. The property provides opportunities to add value and capture significant rental upside by performing cosmetic touches to the well maintained, spacious units. The ground level 1BD/1BTH is believed to be a non-conforming unit. The Eastlake neighborhood is in a central location as it is only a 5-minute drive to Downtown, The University of Washington, Capitol Hill, and Queen Anne. The property is located one block off Eastlake Ave E where residents enjoy an array of shops, services, and dining options.

Additional Information

List Date
2026-07-06 16:58:12
Community
Eastlake
Net Operating Income
$79,302
Gross Adjusted Income
$106,875
Gross Scheduled Income
$112,500
Total Monthly Income
$9,375
Insurance Expenses
$4,000
Water/Sewer/Garbage Expenses
$5,307
Gross Rent Multiplier
13.11
Total Expenses
$27,573
Cap Rate
5.38
Vacancy Rate
5
Total Number of Units
3
Unit Name
2215
Potential Terms
Cash, Conventional
Year Built
1916
View
Lake
Roof
Composition
Site Features
Deck
Other Expenses
4200
Energy Source
Electric
School District
Seattle
Total Monthly Income
$9,375
Gross Scheduled Income
$112,500
Vacancy Rate
5
Gross Adjusted Income
$106,875
Tax Year
2026
Insurance Expense
$4,000
W/S/G Expenses
$5,307
Total Expenses
$27,573
Net Operating Income
$79,302
Gross Rent Multiplier
13.11
Cap Rate
5.38
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.
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