Magnolia Homes with 56 - 10+ Units Style

Welcome to Magnolia, one of Seattle's most cherished neighborhoods, where breathtaking views and a strong sense of community come together to create an unparalleled living experience. Nestled on a peninsula bordered by the waters of Puget Sound and Lake Washington, Magnolia offers residents a unique blend of natural beauty and urban convenience.

Known for its lush greenery and scenic parks, Magnolia is a haven for outdoor enthusiasts. The iconic Discovery Park, the largest green space in Seattle, boasts miles of hiking trails, sandy beaches, and stunning vistas of the Olympic Mountains. Whether you're enjoying a picnic with family or taking a leisurely stroll along the waterfront, the beauty of Magnolia is sure to captivate you.

The neighborhood is also known for its charming residential areas, featuring a diverse range of homes, including those with 56 to 10+ units. These multi-family properties offer a unique opportunity for investors and residents alike, providing a sense of community and accessibility to the vibrant local culture. Imagine living in a beautifully designed space that not only meets your needs but also fosters connections with neighbors and friends.

In addition to its natural allure, Magnolia is conveniently located just a short drive from downtown Seattle, allowing residents to enjoy the best of both worlds. With a variety of local shops, cozy cafes, and top-rated schools, Magnolia is an ideal place for families, young professionals, and retirees seeking a tranquil yet connected lifestyle.

Explore the charm of Magnolia today, and discover why so many have chosen to call this picturesque neighborhood home. Your dream property awaits!

Newest Magnolia Homes with 56 - 10+ Units Style

$4,200,000

2566437 MLS ⋅ ACTIVE Status

Constructed in 1959 and comprehensively renovated in 2016, The Edge Apartments is an exceptional 13-unit apartment community offers investors a rare opportunity to acquire a stabilized, turn-key asset in one of Seattle's most desirable rental markets. The extensive renovation modernized the property throughout, including updated plumbing and electrical systems, creating a low-maintenance investment with strong in-place cash flow and long-term ownership appeal. The property consists of 8 one-bedroom and 5 two-bedroom apartments, each designed with finishes that today's renters value. Every unit features quartz countertops, stainless steel appliances, in-unit washers and dryers, and contemporary LVT flooring in the common areas. Select apartments include fireplaces, while the top-floor residences enjoy private balconies with peek-a-boo views of the Seattle skyline and Puget Sound. Residents also benefit from a spacious second-floor patio with a community grill, providing an attractive outdoor gathering space that enhances the tenant experience. The property offers an attractive value-add component through ten individual secured garage and storage spaces. Currently generating approximately $10,800 in annual income, these oversized garages provide immediate supplemental revenue with meaningful upside through rent increases to market rates. The property is well-positioned to capitalize on continued tenant demand for secure parking and storage.

2515 Thorndyke Avenue W, Seattle

Listing courtesy of Westlake Associates, Inc..

$6,225,000

2536846 MLS ⋅ ACTIVE Status

The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.

2600 -2626 Thorndyke Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors.

Start Your Search

Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.