2236 Franklin Avenue East
2236 Franklin Avenue East
Seattle, WA 98102
$2,980,000
Last Sold Price
10
Beds
10
Baths
6,730 Sq. Ft.
$443 / Sq. Ft.
6,730
Sq. Ft.
$443
per Sq. Ft.
Sold 7/24/18
Sold 7/24/18
Listing provided courtesy of Paragon Real Estate Advisors, Sea to Sky Realty
Description
The Lorraine Apartments are located in highly sought-after Eastlake neighborhood. Just minutes north of South Lake Union, the location offers quick access to Amazon headquarters and the fast-growing number of tech companies in the surrounding area. Sitting on a large 6,600sf LR3 lot with expansion potential, the property consists of an 8-unit apartment building plus a separate house and garage, offering a mix of one, two, and three-bedroom units.The Lorraine Apartments are located in highly sought-after Eastlake neighborhood. Just minutes north of South Lake Union, the location offers quick access to Amazon headquarters and the fast-growing number of tech companies in the surrounding area. Sitting on a large 6,600sf LR3 lot with expansion potential, the property consists of an 8-unit apartment building plus a separate house and garage, offering a mix of one, two, and three-bedroom units.
- Listed by Travis Andrews • Paragon Real Estate Advisors
- Listed by Eric P. Smith • Paragon Real Estate Advisors
Property Details for 2236 Franklin Avenue East
Community Name
Eastlake
School DistrictSeattle
Number of Assigned Spaces2
Total Covered Parking0
Entry Date05-30-2018
SewerAvailable
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By Sea to Sky Realty
Add your commute
LISTING UPDATED: 03/28/2021 12:00 AM
Property Details for 2236 Franklin Avenue East
| Status | Sold |
|---|---|
| MLS # | 1301675 |
| Days on Market | 12 |
| Cumulative Days on Market | 12 |
| Taxes | $22,748 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1901 |
| Lot Size | 0.15 AC / 6,600 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By Sea to Sky Realty
Add your commute
Building Information for 2236 Franklin Avenue East
Stories3Residences9Year Built1901Building Size-Lot Size0.15 AC / 6,600 SF
Payment Calculator
$18,159 per month
30 year fixed, 7.25% Interest
Principal and Interest
$16,263
Property Taxes
$1,896
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2236 Franklin Avenue East
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 390 - Central Seattle
- Effective Year Built Source: Public Records
- Directions: Take I-5 N to Lakeview Blvd E. Take exit 168A from I-5 N. Turn left onto Lakeview Blvd E. Turn left onto E Lynn St. Turn left onto Franklin Ave E. Destination is on the left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2018
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Fireplace: No
- Heating: Yes
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water/Sewer/Garbage: 11904
- Power Production Type: Electric
- Utilities: Electricity Available
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Special Listing Conditions: None
- Year Built Effective: 1901
- Photos Count: 13
Lot Information
- Lot Size Source: county
- Parcel Number Free Text: 290220
- Calculated Square Footage: 6730
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6730.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 3
- Vacancy Rate: 1
- Number Of Units Total: 9
- Units Below Grade: false
- Units In Building Total: 9
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 52600
- Gross Adjusted Income: 150104
- Gross Rent Multiplier: 19
- Gross Scheduled Income: $151,620
- Insurance Expense: $4,428
- Net Operating Income: $97,504
- Other Expenses: $13,520
- Total Monthly Income: 12635
- Fuel Expense: $0
Unit 1
- Name Unit 1: H
- Square Feet Unit 1: 495
- Rent Unit 1: $835.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: A
- Square Feet Unit 2: 750
- Rent Unit 2: $1,125.00
- Bedrooms Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Square Feet Unit 3: 430
- Rent Unit 3: $885.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: D
- Square Feet Unit 4: 750
- Rent Unit 4: $1,695.00
- Bedrooms Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: B
- Square Feet Unit 5: 750
- Rent Unit 5: $1,695.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: House
- Square Feet Unit 6: 1650
- Rent Unit 6: $2,450.00
- Bedrooms Unit 6: 3
- Bathrooms Unit 6: 2
Unit 7
- Name Unit 7: F
- Square Feet Unit 7: 430
- Rent Unit 7: $925.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: E
- Square Feet Unit 8: 750
- Rent Unit 8: $1,265.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: G
- Square Feet Unit 9: 725
- Rent Unit 9: $1,030.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6730.0
- Leasable Area Units: Square Feet
Property History for 2236 Franklin Avenue East
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2236 Franklin Avenue East
Taxable ValueLand$1,650,000Additions$1,515,000Total$3,165,000
Tax Record2022$26,757 ($2,230 / month)
Home Facts
Total Finished SqFt6,732 SqFtAbove Ground SqFt6,732 SqFtStories3Lot Size6,600 SqFtStyleMulti-Family Dwelling (2-4)Year Built1901Year Renovated1989ZoningLR3 (M)CountyKINGAPN290220-0695
Schools near 2236 Franklin Avenue East
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Montlake Elementary School PublicK to 5 | ||
Edmonds S. Meany Middle School Public6 to 8 | ||
Garfield High School Public9 to 12 | ||
Tops K-8 PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Paragon Real Estate Advisors
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.