Eastlake Homes with 55 - 5-9 Units Style

Welcome to Eastlake, one of Seattle's most charming neighborhoods, where the beauty of nature meets urban living. Nestled along the shores of Lake Union, Eastlake offers a picturesque blend of waterfront views, lush greenery, and a vibrant community atmosphere. This neighborhood is perfect for those who appreciate a more tranquil setting while still being just minutes away from the bustling heart of downtown Seattle.

Eastlake boasts a unique architectural charm, with homes that reflect a variety of styles, including the distinctive 55-59 unit homes that offer both character and modern amenities. These residences provide an ideal living space for families, young professionals, and anyone looking to enjoy the comforts of home within a close-knit community. Many of these homes feature stunning lake views, spacious layouts, and outdoor spaces perfect for entertaining or simply soaking in the serene surroundings.

The neighborhood is also known for its eclectic mix of restaurants, cafes, and shops, providing an array of dining and shopping options just a stone's throw from your front door. Eastlake’s scenic parks and waterfront trails invite residents to enjoy outdoor activities, from leisurely strolls to kayaking on the lake.

With its unbeatable location, vibrant community spirit, and diverse housing options, Eastlake is not just a place to live—it's a lifestyle. Experience the charm and convenience of this delightful neighborhood, where every day feels like a getaway. Welcome home to Eastlake, where your dream lifestyle awaits!

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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