Eastlake Homes with 55 - 5-9 Units Style

Welcome to Eastlake, a charming neighborhood nestled along the serene shores of Lake Union in Seattle, Washington. Known for its picturesque views and vibrant community spirit, Eastlake offers a unique blend of urban convenience and natural beauty, making it a coveted destination for homeowners and renters alike.

One of the defining features of Eastlake is its eclectic mix of architectural styles, particularly the charming homes that fall within the 55-59 units category. These residences reflect a harmonious blend of modern amenities and classic design, creating an inviting atmosphere that appeals to a diverse range of residents. From cozy bungalows to contemporary townhomes, Eastlake’s housing options cater to families, young professionals, and retirees looking for a welcoming community.

As you stroll through the tree-lined streets, you’ll discover an array of local shops, cafes, and restaurants that contribute to the neighborhood’s vibrant culture. Whether you’re savoring a cup of artisanal coffee at a local café or enjoying a meal at one of the waterfront eateries, Eastlake offers a delightful culinary experience that celebrates the flavors of the Pacific Northwest.

For outdoor enthusiasts, Eastlake is a paradise. The neighborhood boasts easy access to parks and waterfront pathways, perfect for leisurely walks, biking, or simply soaking in the stunning views of Lake Union and the Seattle skyline.

With its rich sense of community, convenient location, and charming homes, Eastlake is more than just a place to live; it’s a lifestyle waiting to be embraced. Discover your perfect home in this enchanting Seattle neighborhood today!

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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