Eastlake Homes with 55 - 5-9 Units Style

Welcome to Eastlake, a charming neighborhood nestled along the picturesque shores of Lake Union in Seattle, Washington. Known for its vibrant community spirit and stunning waterfront views, Eastlake offers a unique blend of urban living and natural beauty, making it a highly sought-after destination for homebuyers.

As you stroll through the tree-lined streets of Eastlake, you’ll find a delightful mix of architectural styles, including the iconic homes with 55-59 units that perfectly encapsulate the neighborhood's character. These residences often feature contemporary designs, spacious layouts, and modern amenities, providing residents with both comfort and style. Many of these homes boast breathtaking views of the lake and the Seattle skyline, creating a serene backdrop for daily life.

Eastlake is not just about beautiful homes; it’s also about a lifestyle. The neighborhood is dotted with charming cafes, local eateries, and boutique shops, making it a hub for foodies and art enthusiasts alike. Enjoy a leisurely afternoon at one of the waterfront parks, or take a scenic walk along the lake’s edge, where you can soak in the stunning sunsets that Eastlake is famous for.

Families will appreciate the proximity to reputable schools and community resources, while outdoor enthusiasts can easily access recreational activities such as kayaking, biking, and hiking in nearby parks. With its welcoming atmosphere and vibrant community, Eastlake truly embodies the best of Seattle living. Whether you’re a first-time homebuyer or looking to settle down in a picturesque neighborhood, Eastlake is a place where you can create lasting memories and enjoy the beauty of the Pacific Northwest.

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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