Magnolia Homes with 56 - 10+ Units Style

Welcome to Magnolia, one of Seattle's most enchanting neighborhoods, where scenic beauty meets suburban tranquility. Nestled on a picturesque peninsula, Magnolia is renowned for its stunning views of Puget Sound, the Olympic Mountains, and the Seattle skyline. This charming area is characterized by its lush greenery, expansive parks, and a strong sense of community, making it an ideal place for families, professionals, and nature lovers alike.

Magnolia boasts a diverse array of homes, including a unique selection of properties with 56 to 10+ units. These multi-family residences offer an excellent opportunity for investors and those seeking a vibrant community atmosphere. With a blend of modern and classic architectural styles, these homes cater to a variety of tastes and lifestyles. Residents can enjoy spacious living areas, contemporary amenities, and easy access to the neighborhood's rich offerings.

The heart of Magnolia is its bustling Village, where you can find an array of local shops, cafes, and restaurants. The nearby Discovery Park, Seattle's largest green space, invites residents to explore miles of trails, beaches, and breathtaking views. With top-rated schools and a friendly, welcoming community, Magnolia is not just a place to live; it’s a place to thrive.

Whether you are looking to invest in a multi-family property or searching for your dream home, Magnolia offers a perfect blend of urban convenience and natural beauty. Discover the charm of this remarkable neighborhood and see why so many are proud to call Magnolia home!

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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