Magnolia Homes with 54 - 4-Plex Style

Welcome to Magnolia, one of Seattle’s most cherished neighborhoods, where scenic beauty meets suburban tranquility. Nestled on a picturesque peninsula, Magnolia offers breathtaking views of Puget Sound and the majestic Olympic Mountains, making it a perfect retreat from the hustle and bustle of city life. Known for its lush parks, including Discovery Park—Seattle's largest green space—Magnolia is a haven for outdoor enthusiasts and families alike.

The neighborhood boasts a rich tapestry of community spirit, with friendly faces and local shops that create a warm, inviting atmosphere. Residents enjoy a relaxed pace of life, with easy access to top-rated schools, delightful cafes, and unique boutiques that line the charming streets. Whether you’re strolling along the waterfront or enjoying a picnic in one of the many parks, Magnolia offers an unparalleled quality of life.

For those considering a move to this enchanting area, Magnolia's housing market features an array of options, including the increasingly popular 4-plex style homes. These multi-family residences are not only an excellent investment opportunity but also provide a sense of community living. With spacious layouts and modern amenities, these homes are ideal for families or individuals looking to share their living space without sacrificing comfort.

Magnolia is a neighborhood that embraces both nature and community, making it a perfect place to call home. Experience the charm of Magnolia and discover why so many are drawn to this beautiful corner of Seattle!

Newest Magnolia Homes with 54 - 4-Plex Style

$1,228,888

2562308 MLS ⋅ ACTIVE Status

Fantastic opportunity to own a well-located fourplex in Seattle’s desirable Magnolia neighborhood. Three units are currently leased, while Unit 3 is intentionally being held vacant to provide easy access for showings and flexibility for the next owner. Ownership has historically prioritized stable, long-term tenancies and limited turnover, resulting in several rents remaining on the lower end and offering potential for future income growth. The property includes four dedicated off-street parking stalls—one for each unit—on-site laundry and a shared backyard area. Zoned LR3(M), the property may also offer long-term redevelopment or value-add possibilities, subject to buyer verification and applicable City of Seattle requirements. Conveniently located near Magnolia Village, Discovery Park, Queen Anne, Ballard and Downtown Seattle, with easy access to neighborhood shops, restaurants, parks, transit and major employment centers. An appealing opportunity for an investor or owner-occupant seeking established rental income, immediate leasing flexibility and long-term potential in one of Seattle’s most established neighborhoods. Please do not disturb tenants.

2657 Thorndyke Avenue W, Seattle

Listing courtesy of Realogics Sotheby's Int'l Rlty.

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