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Listed By:
Michael Urquhart - Paragon Real Estate Advisors
Agent Phone:
(206) 812-9123
Agent Email:
michael@paragonrea.com

2210 Franklin Ave , Seattle, WA 98102

$2,150,000

6,310
sqft
1964
year built

The Franklin House is a seven-unit apartment building located at 2210 Franklin Ave E in Seattle’s Eastlake neighborhood. Priced at $2,150,000, the property delivers a 5.5% current cap rate with a clear path to a 6.6% cap rate at market rents and a 7.3% renovation cap rate on cost following an interior renovation program. Built in 1964 on a 6,600 square foot lot zoned LR3 (M), the wood frame building consists of 3 – 1BD/1BTH units, 3 - 2BD/1BTH units and 1 – 3BD/2BTH Penthouse unit with an in-unit washer/dryer on the top floor. Every unit has a private deck or patio, and units 301, 302, and the penthouse enjoy views of Lake Union. The building is operating well with a TPO roof installed roughly twelve years ago, copper plumbing, GE electrical panels, and double pane vinyl windows. Residents share a common laundry room and ten open parking stalls sit off the alley at the rear of the property. The penthouse is being delivered vacant, giving a buyer the chance to renovate the top floor lake view unit to its full potential or to occupy it while the remaining six units generate income. The parcel also carries development upside. The LR3 (M) zoning allows unlimited density inside the urban village, a structure height of 50 feet, a floor area ratio of 1.8, or 2.3 with a 4 Star Built Green certification, and no parking requirement given the frequent transit service on Eastlake Ave E. See the development optionality section for additional details within this OM.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1964
  • 0.1515 Acre Lot
  • 6 days on Market

  • Year Built
    1964
  • Stories
    4.0
  • Flooring
    Laminate, Carpet
  • Cooling
    None
  • Heating
    Electric, See Remarks

  • Acres
    0.1515
  • Utilities
    Sewer Available
  • Water
    Public

  • Area
    390 - Central Seattle
  • County
    King
  • City
    Seattle
  • Neighborhood
    Eastlake
  • Zip Code
    98102

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Frequently Asked Questions

How do I schedule a tour of 2210 Franklin Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2210 Franklin Ave.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 2210 Franklin Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,150,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Seattle, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 2210 Franklin Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 2210 Franklin Ave at around $14,256. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 2210 Franklin Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in King County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 2210 Franklin Ave?

In most cases, yes. Whether 2210 Franklin Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Seattle's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 2210 Franklin Ave?

We can handle that for you. Our preferred local agent specializes in residential incomes in Seattle and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,150,000 with 6,310 sqft of space—that comes out to approximately $341 per square foot.

How long has this property been on the market?

2210 Franklin Ave was listed on November 04, 2026, which means it's been on the market for 6 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1964, making it approximately 62 years old.

What is the lot size of this property?

2210 Franklin Ave sits on a 0.15-acre lot, which is 6,534 square feet.

What are the property taxes for 2210 Franklin Ave?

The most recent public record shows annual property taxes for 2210 Franklin Ave were approximately $24,250. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 2210 Franklin Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 10, 2026 at 07:02AM. 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.