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← Back to search results/Seattle, WA/2210 Franklin Avenue E
1 / 2215 HOURS ON MARKET
Listed by Michael Urquhart • Paragon Real Estate Advisors.
FOR SALE

$2,150,000

Est. $11,722/mo

6,310 sq ft

2210 Franklin Avenue E, Seattle, WA 98102

• Listed Nov 4, 2026•1 day active · 1 cumulative

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★★★★★5.0·1,215 Google reviews

Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

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Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

About this home

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.

Property type
Single Family
Year built
1964
Interior
6,310 sq ft
Lot size
0.1515 acres
Parking
None
Price / sq ft
$341
HeatingSee Remarks
CoolingNone
Property taxes$24,250/yr (est.)
School districtSeattle

Listed by Michael Urquhart • Paragon Real Estate Advisors

Listing updated: November 4, 2026 at 08:57am

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2600541

Around this home

RexMont OfferEdge™

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2210 Franklin Avenue E, Seattle, WA 98102

List price
$2,150,000
Down payment
$430,000

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Layout

  • 5-9 Units

Flooring

  • Laminate
  • Carpet

Heating & cooling

  • See Remarks heating
  • None cooling

Schools

Ratings via SchoolDigger

Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.

Multi-family facts

As entered by the listing broker on Northwest MLS

Units

Total units
7
Units in building
7
Units below grade
false
Building square feet
6,310 sq ft

Income & expenses

Gross scheduled income
$196,188
Total monthly income
$16,349
Additional monthly income
$850
Gross adjusted income
$186,379
Net operating income
$117,925
Cap rate
5.5%
Gross rent multiplier
10.96
Vacancy rate
5%
Total expenses
$68,454
Insurance
$7,323
Other expenses
$25,324
Water / sewer / garbage paid by
11557

Parking & storage

Parking spaces
10
Uncovered parking
10

Taxes & assessment

Annual taxes
$24,250
Tax year
2026
Financing
Cash, Conventional

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

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The ground, the slope, the flood zone and the noise at this address

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The members' report

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Sales & Tax Records for 2210 Franklin Avenue E

NWMLS via MLS Grid · King County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Nov 4, 2026
    Listed
    NWMLS via MLS Grid · #2600541
    $2,150,000
    $341/sq ft
  2. Jul 14, 2014
    Recorded sale
    King County recorder · Special warranty deed
    $840,000
    $133/sq ft

Mortgage payment forecast

$14,281 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

Market pulse

Seattle is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells for about 1% below list price.

  • Time on market: The average home goes pending in around 57 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $2,400,000 Sold

    5 days ago

    3 bd•3.5 ba•~4,560 sq ft•Single Family

    1946 Harvard Avenue E, Seattle, WA 98102

    4%

    Under list

    51

    Days on market

    0.1 mi

    Distance

  • $2,300,000 Sold

    1 week ago

    4 bd•2.5 ba•~3,070 sq ft•Single Family

    719 Belmont Place E, Seattle, WA 98102

    8%

    Under list

    34

    Days on market

    0.8 mi

    Distance

  • $900,000 Sold

    1 week ago

    4 bd•2.5 ba•~1,442 sq ft•Single Family

    2328 Franklin Avenue E #C, Seattle, WA 98102

    2%

    Over list

    83

    Days on market

    0.1 mi

    Distance

  • $1,075,000 Sold

    2 weeks ago

    3 bd•2.25 ba•~1,751 sq ft•Single Family

    1140 10th Avenue E #B, Seattle, WA 98102

    0%

    Over list

    15

    Days on market

    0.6 mi

    Distance

  • $1,605,000 Sold

    2 weeks ago

    4 bd•2 ba•~2,650 sq ft•Single Family

    863 E Gwinn Place, Seattle, WA 98102

    5%

    Under list

    44

    Days on market

    0.7 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Nov 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of November 5, 2026 at 12:00 AM PT (date and time MLS GRID Data was obtained). 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.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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© 2026 Northwest Multiple Listing Service. All rights reserved.

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