Magnolia Homes with 55 - 5-9 Units Style

Welcome to Magnolia, one of Seattle’s most picturesque neighborhoods, where natural beauty meets urban convenience. Nestled on a peninsula overlooking Puget Sound, Magnolia is renowned for its breathtaking views, lush parks, and a tight-knit community atmosphere. With its charming tree-lined streets and stunning waterfront, this area offers a serene escape from the hustle and bustle of city life while still being just a short drive from downtown Seattle.

Magnolia is characterized by a delightful mix of residential options, including the sought-after homes with 5-9 unit styles. These unique properties provide a perfect blend of comfort and community, often featuring spacious layouts, modern amenities, and beautiful outdoor spaces. Ideal for families, young professionals, or anyone looking to enjoy a vibrant neighborhood, these homes offer a wonderful sense of belonging.

Residents of Magnolia enjoy easy access to a variety of local attractions, including Discovery Park, one of Seattle's largest green spaces, which boasts miles of trails, beaches, and stunning views of the Olympic Mountains. The neighborhood is also home to a charming village center, where you can find delightful shops, cozy cafes, and restaurants that cater to every palate.

With a strong sense of community, Magnolia hosts numerous events throughout the year, fostering connections among neighbors and creating a welcoming environment. Whether you're looking to explore the natural beauty or enjoy the vibrant local culture, Magnolia is a neighborhood that truly has it all. Discover your perfect home in this enchanting Seattle enclave today!

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.

$1,300,000

2536841 MLS ⋅ ACTIVE Status

7-unit apartment building (6 units + 1 non-conforming) located in Seattle’s highly desirable Magnolia neighborhood. The property sits on an oversized 11,000 square foot LR3 (M) zoned lot, offering investors a rare combination of significant operational upside, long-term redevelopment optionality, and premium location fundamentals. The asset is currently 48% below market rents and 76% below renovated market rents, creating immediate and meaningful upside through a systematic renovation and lease-up strategy. Investors can capitalize on strong in-place demand while preserving future development flexibility under favorable zoning. Additionally, four adjacent properties are also available for sale, providing a compelling assemblage opportunity for developers or long-term holders seeking scale.

2109 W Raye Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$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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