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$1,600,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 20 hours ago

Listed by Rob Nicholson | John L. Scott, Inc. | (425) 454-2437

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Rare development opportunity for Townhome Builder or Value-Add Investor in the heart of the South Lake Union/Eastlake corridor. Prime lot offers sweeping, protected views of Lake Union, the Seattle Skyline, and the Olympic Mountains. Able to accommodate 4-5 new townhomes. Two larger townhomes could be built off the alley & three smaller ones facing Lake Union (or vice versa). Avg unit size = 1,793 sq ft. The property currently houses a very clean, well-maintained, solid income producing 4-plex generating healthy returns while you navigate the permitting process. Landlord has never increased rent on a tenant. Zero vacancy. Outstanding tenants. Rents below market rate. Each unit features 1 bed/1 bath, fireplace, washer/dryer, dishwasher, hardwood flooring, parking. Large living rm could easily accomodate a 2nd bdrm in each unit. View photos shot from future 3rd -4th floor/roof top deck of this Bldg. Located on bus line & w/in walking distance to Amazon, Google, and the life sciences hub. 5 off-street parking spaces in rear. Zoned LR2(M), allowing for up to 4 stories with rooftop decks. Ideal opportunity for investor, builder or owner/occupant!

Full Property Details for 2020 Eastlake Ave E

General

  • Price: $1,600,000
  • Taxes: $13,689 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2481300
  • Updated: 2/17/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Short Term: Yes

Interior

  • Flooring: Vinyl

Additional Information

  • Amenities: High Speed Internet, Patio

Parking

  • Carport Spaces: 5
  • Uncovered Spaces: 5

Location

  • Area: 390 - Central Seattle
  • County: King
  • Subdivision: Eastlake
  • Building Name: Greene's ADD
  • Driving Directions: Eastlake Ave E just South of Boston St. Either park on Eastlake Ave in front of Bldg (sits high above Eastlake Ave) OR park behind Bldg in Alley (accessed off E. Boston St). Don't disturb tenants!

School Information

  • High School District: Seattle
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Brick
  • Foundation: Poured Concrete
  • Roof: Torch Down
  • Stories in Building: 2
  • Square Feet: 3,000
  • Year Built: 1987
  • Property Condition: Very Good

Unit Information

  • Units in Building: 4

Lot Features

  • Property View: City, Lake, Mountain(s), Territorial
  • Lot Size (Acres): 0.1177
  • Lot Size (Sq. Ft.): 5,125
  • Lot Size Source: Realist
  • Lot Dimensions: 5125
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $13,689.6
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2902200145
  • Lot Number: 13

Listed by Rob Nicholson | John L. Scott, Inc. | (425) 454-2437

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Schools serving 2020 Eastlake Ave E

School District:Seattle School District
NameGradesDistance
Tops K-8
2500 Franklin Avenue East, Seattle, WA 98102
PK-80.4 mi
Montlake Elementary School
2409 22nd Avenue East, Seattle, WA 98112
K-51 mi
Edmonds S. Meany Middle School
301 21st Avenue East, Seattle, WA 98112
6-81.4 mi
Garfield High School
400 23rd Avenue, Seattle, WA 98122
9-122.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2020 Eastlake Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/17/2026
Listed
$1,600,000
148.83%
MLS
2/24/2010
Sold
$643,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2020 Eastlake Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,415
—
$1,384,700
7%
2024
$13,415
18%
$1,299,000
—
2022
$11,374
-16%
$1,299,000
-3%
2021
$13,589
—
$1,333,000
-3%
2021
$13,589
2%
$1,381,000
—
2020
$13,371
16%
$1,375,000
4%
2019
$11,566
-7%
$1,320,000
7%
2018
$12,408
15%
$1,236,000
11%
2017
$10,831
27%
$1,113,000
29%
2016
$8,532
14%
$860,000
12%
2015
$7,460
3%
$768,000
14%
2014
$7,209
—
$671,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Rob Nicholson | John L. Scott, Inc. | (425) 454-2437

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2020 Eastlake Avenue E, Seattle, WA 98102 (MLS# 2481300) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2020 Eastlake Avenue E is currently listed for $1,600,000 and was received on February 17, 2026. Want to learn more about 2020 Eastlake Avenue E? Do you have questions about finding other Multi-Family real estate for sale in Broadway? You can browse all Broadway real estate or contact a Coldwell Banker agent to request more information.

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