Magnolia Homes with 55 - 5-9 Units Style

Welcome to Magnolia, a picturesque neighborhood nestled in the heart of Seattle, Washington. Known for its stunning views of the Puget Sound and the iconic Seattle skyline, Magnolia offers a unique blend of natural beauty and urban convenience. This charming enclave is bordered by water on three sides, providing residents with an abundance of outdoor activities, including hiking trails, parks, and waterfront access.

Magnolia is characterized by its tight-knit community vibe, where neighbors know each other and local businesses thrive. The area boasts lush green spaces, such as Discovery Park, which is one of Seattle's largest parks, offering miles of trails, beaches, and breathtaking vistas. The neighborhood is also home to a variety of shops, cafes, and restaurants, making it easy to enjoy a leisurely afternoon or a night out without venturing far from home.

For those seeking a unique living experience, Magnolia features a selection of homes with 5-9 units, providing an ideal balance of privacy and community. These multi-family residences are perfect for individuals or families looking to enjoy the charm of neighborhood living while benefiting from shared amenities and a close-knit atmosphere. With a range of architectural styles and modern conveniences, these homes cater to various lifestyles and preferences.

Whether you’re drawn to Magnolia for its scenic beauty, vibrant community, or the convenience of urban living, this neighborhood promises a fulfilling and enriching lifestyle. Come explore Magnolia, where your dream home awaits amidst the lush landscapes and friendly faces of Seattle!

Newest Magnolia Homes with 55 - 5-9 Units Style

$2,400,000

2537323 MLS ⋅ ACTIVE Status

We are pleased to present Twin Cedars Apartments, an 8-unit apartment built in 1968 in Seattle’s coveted Magnolia neighborhood, within steps of Discovery Park. The building offers 31BD averaging 732SF and 5 2BD averaging 967SF, with efficient floor plans. With 2BD units comprising 63% of the building, the unit mix is squarely aligned with the unit type that drives the strongest tenant demand and longest retention across Seattle’s rental market. _of the 8 units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation. Roof replaced and cedar siding resided in 2020 keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one. Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner’s bottom line, and a stable, long-tenured tenant base reflects both the building’s quality and the neighborhood’s enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute.

3510 W Elmore Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$2,000,000

2390679 MLS ⋅ ACTIVE Status

Portfolio of SEVEN 2 and 3 bed CONDO UNITS located at the well maintained + professionally managed Gilmanor Building, a premier Magnolia Community. Unique investment and perfect 1031 exch opportunity offers investors strong cash flow, stable rents in high appreciation zip code. Each unit is thoughtfully designed for comfort+ efficiency, ranging in size from 786-1081 sf. Units feature gas fireplaces, private balconies and newly renovated interiors. Building amenities include on-site laundry, intercom entry system, elevator, assigned parking spots and additional storage. Convenient location offers easy access to major employers, close proximity to Magnolia Village and Discovery Park. Walk Score of 77 and Bike Score of 62

4051 Gilman Avenue W, Seattle

Listing courtesy of John L. Scott, Inc.

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