Eastlake Homes with 55 - 5-9 Units Style

Eastlake Homes with 55 - 5-9 Units Style

Welcome to Eastlake, a vibrant neighborhood nestled along the picturesque shores of Lake Union in Seattle, Washington. Known for its charming waterfront views and a lively atmosphere, Eastlake combines the best of urban living with a tight-knit community feel. The area is characterized by its eclectic mix of historic homes and modern developments, making it a unique destination for those seeking a dynamic lifestyle.

One of the standout features of Eastlake is its diverse housing options, particularly the 55-59 unit style homes that offer an ideal blend of comfort and convenience. These residences typically showcase a contemporary design, with spacious layouts that cater to a variety of lifestyles. Whether you’re a young professional, a growing family, or looking to downsize, these homes provide the perfect sanctuary in the heart of Seattle.

The neighborhood is not only known for its beautiful homes but also for its vibrant local culture. Stroll along the scenic waterfront, where you’ll find an array of cozy cafes, artisanal shops, and waterfront parks. Eastlake is a hub for outdoor enthusiasts, with opportunities for kayaking, biking, and enjoying the stunning sunsets over Lake Union.

With easy access to downtown Seattle, Eastlake offers the perfect balance of urban convenience and serene lakeside living. The community is well-connected by public transportation, making it easy to explore all that Seattle has to offer. Embrace the charm of Eastlake, where every day feels like a retreat in one of Seattle’s most beloved neighborhoods. Come discover your dream home in this enchanting lakeside community!

Newest Eastlake Homes with 55 - 5-9 Units Style

$3,350,000
2529866 MLS ⋅ ACTIVE Status
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.

2362 Franklin Avenue E, Seattle

Listing courtesy of Lee & Associates Commercial RE.

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