2919 Franklin Avenue East
2919 Franklin Avenue East
Seattle, WA 98102
$2,525,000
Last Sold Price
3
Beds
3
Baths
8,224 Sq. Ft.
$307 / Sq. Ft.
8,224
Sq. Ft.
$307
per Sq. Ft.
Sold 7/10/23
Sold 7/10/23
Listing provided courtesy of Kidder Mathews
Description
Unique value-add and redevelopment opportunity packaged into one deal. Brentwood features 12 existing units combined with a 4 unit permitted and shovel-ready townhome development located two blocks from the lake in Eastlake. Opportunity to build the townhomes and sell them off individually, or rent them along with the existing 12-unit to increase total rental income to $500,000. Sale includes all plans and permits for the townhomes. See marketing flyer in supplements for more information.Unique value-add and redevelopment opportunity packaged into one deal. Brentwood features 12 existing units combined with a 4 unit permitted and shovel-ready townhome development located two blocks from the lake in Eastlake. Opportunity to build the townhomes and sell them off individually, or rent them along with the existing 12-unit to increase total rental income to $500,000. Sale includes all plans and permits for the townhomes. See marketing flyer in supplements for more information.
- Listed by Winslow Thomas Lee • Kidder Mathews
Property Details for 2919 Franklin Avenue East
Community Name
Eastlake
School DistrictSeattle
ViewCity, Lake, Territorial
Number of Assigned Spaces0
Total Covered Parking0
Entry Date10-25-2022
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
Sold By Kidder Mathews
Add your commute
LISTING UPDATED: 08/01/2023 04:23 PM
Property Details for 2919 Franklin Avenue East
| Status | Sold |
|---|---|
| MLS # | 2011030 |
| Days on Market | 95 |
| Cumulative Days on Market | 328 |
| Taxes | $33,865 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1927 |
| Lot Size | 0.24 AC / 10,450 SF |
| County | King County |
Location
Listing Courtesy of Kidder Mathews![]()
Sold By Kidder Mathews
Add your commute
Building Information for 2919 Franklin Avenue East
Stories3Residences3Year Built1927Building Size-Lot Size0.24 AC / 10,450 SF
Payment Calculator
$16,602 per month
30 year fixed, 7.25% Interest
Principal and Interest
$13,780
Property Taxes
$2,822
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2919 Franklin Avenue East
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 390 - Central Seattle
- Effective Year Built Source: Public Records
- Directions: 2919 Franklin Ave Seattle, WA
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
- Additional Tax Ids: 1959702650,1959702655
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 14.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://simonandersonteam.com/listings/brentwood-apartments/
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Features: Radiator
- Cooling: Yes
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Brick, Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 8834
- Power Company: PSE
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1927
- Photos Count: 29
Lot Information
- Lot Details: Cul-De-Sac, Paved, Sidewalk, Value In Land
- Lot Size Dimensions: 10450
- Lot Size Source: County Records
- Parcel Number Free Text: 1959702650
- Building Condition: Very Good
- Calculated Square Footage: 8224
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 8224.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 14
- Number of Stories in Building: 3
- Vacancy Rate: 5
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 12
Financing / Income and Expenses
- Electric Expense: $8,834
- Total Expenses: 107646
- Gross Adjusted Income: 249427
- Gross Rent Multiplier: 28
- Gross Scheduled Income: $244,667
- Insurance Expense: $5,370
- Net Operating Income: $141,780
- Other Expenses: $41,909
- Total Monthly Income: 20560
- Fuel Expense: $8,834
Unit 1
- Name Unit 1: Studios (2)
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 429
- Rent Unit 1: $1,295.00
- Bedrooms Unit 1: 0
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 1x1 (2)
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 695
- Rent Unit 2: $1,545.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 2x1 (8)
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 700
- Rent Unit 3: $1,860.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 8224.0
- Leasable Area Units: Square Feet
Property History for 2919 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 2919 Franklin Avenue East
Taxable ValueLand$1,306,200Additions$634,800Total$1,941,000
Tax Record2022$16,761 ($1,397 / month)
Home Facts
Total Finished SqFt4,164 SqFtAbove Ground SqFt4,164 SqFtStories2Lot Size5,225 SqFtStyleMulti-Family Dwelling (2-4)Year Built1927Year Renovated1990ZoningLR3 (M)CountyKINGAPN195970-2650
Schools near 2919 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 Kidder Mathews
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.