Magnolia Homes with 56 - 10+ Units Style

Welcome to the enchanting neighborhood of Magnolia, a serene enclave nestled in the heart of Seattle, Washington. Known for its stunning natural beauty and tight-knit community, Magnolia offers residents a unique blend of urban convenience and picturesque landscapes. With its sweeping views of Puget Sound and the Olympic Mountains, this neighborhood is a hidden gem that embodies the essence of Pacific Northwest living.

Magnolia is characterized by its charming residential streets, lush parks, and vibrant local businesses. The neighborhood boasts an array of outdoor recreational opportunities, including Discovery Park, Seattle’s largest green space, which features miles of trails, beaches, and breathtaking viewpoints. Whether you enjoy hiking, picnicking, or simply taking in the stunning sunsets, Magnolia has something for everyone.

When it comes to real estate, Magnolia offers a diverse selection of homes, including properties with 56 to 10+ units. These multi-family residences provide an excellent opportunity for both investors and those looking to enter the vibrant Seattle housing market. The architectural styles range from classic brick buildings to modern townhomes, catering to a variety of tastes and lifestyles. The community’s strong sense of belonging is enhanced by the proximity to local amenities, including shops, cafes, and schools, making it an ideal choice for families and professionals alike.

Experience the charm of Magnolia, where a welcoming atmosphere and breathtaking scenery await you. Whether you’re seeking a cozy apartment or a spacious multi-family home, this neighborhood offers a unique opportunity to embrace the best of Seattle living. Come explore Magnolia and discover your dream home today!

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.

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