2239 Yale Avenue E, Seattle, WA 98102
- $2,300,000
- 4,800
- SqFt
Listing Broker: Windermere Real Estate Midtown; Lauren Hendricks; 206-999-9161; laurenhendricks@windermere.com
- List Price
- $2,300,000
- Status
- ACTIVE
- MLS#
- 2586025
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,800
- Area Total SqFt
- 4800
- Annual Tax Ammount
- 17964
- Lot Size (sq ft)
- 5,500
- Sewer
- Sewer Connected
Property Description
The Castle Apts is a well-maintained 7-unit, including a Penthouse apartment with a nearly 1,000 SF deck, located in the heart of the Eastlake neighborhood. Great unit mix consisting of 3 studios, 3 one bedrooms & one 2 bd/1.5 bath Penthouse with panoramic views of the Seattle Skyline, Space Needle, Gas Works Park & Lake Union. Copper plumbing, updated kitchens & bathrooms in 5 of the units, and new electrical panels throughout. Tenants enjoy off-street parking, mature landscaping with separate outdoor spaces, large laundry room on-site with coin-op W/D and additional storage for all units. Low turn over and high rental demand neighborhood due to its close proximity to mass transit, the South Lake Union tech hub, University of Washington & downtown Seattle. Incredible opportunity for an owner-occupant to live in one unit and collect rent from the other units to offset the mortgage payment. Long-term tenants with below market rents unaware of sale. Please do not disturb tenants.
Additional Information
- List Date
- 2026-09-23 19:47:16
- Community
- Eastlake
- Net Operating Income
- $91,637
- Gross Adjusted Income
- $144,918
- Gross Scheduled Income
- $149,400
- Total Monthly Income
- $12,450
- Insurance Expenses
- $8,801
- Water/Sewer/Garbage Expenses
- $11,151
- Gross Rent Multiplier
- 15
- Total Expenses
- $53,281
- Cap Rate
- 4
- Vacancy Rate
- 3
- Total Number of Units
- 7
- Unit Name
- 2239
- Potential Terms
- Cash, Conventional
- Year Built
- 1962
- View
- City, Lake, Mountains
- Roof
- Flat
- Site Features
- Deck, Fenced-Partially, High Speed Internet, Patio, Rooftop Deck
- Other Expenses
- 15365
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Montlake
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $12,450
- Gross Scheduled Income
- $149,400
- Vacancy Rate
- 3
- Gross Adjusted Income
- $144,918
- Tax Year
- 2026
- Insurance Expense
- $8,801
- W/S/G Expenses
- $11,151
- Total Expenses
- $53,281
- Net Operating Income
- $91,637
- Gross Rent Multiplier
- 15
- Cap Rate
- 4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.