Queen Anne/Magnolia Homes with 42 - Multi-Family Style

Welcome to the charming neighborhoods of Queen Anne and Magnolia in Seattle, Washington. Nestled in King County, these areas offer a unique blend of urban convenience and natural beauty.

Queen Anne is known for its historic architecture, stunning views of the city skyline, and bustling commercial districts. The neighborhood boasts a mix of stately homes, cozy bungalows, and modern condominiums. Residents enjoy easy access to local eateries, boutique shops, and cultural attractions like the iconic Space Needle.

Magnolia, on the other hand, is a tranquil peninsula that feels like a world away from the city. With its tree-lined streets, waterfront parks, and panoramic vistas of Puget Sound and the Olympic Mountains, Magnolia offers a serene retreat for those seeking a quieter pace of life. The neighborhood features a variety of housing options, from elegant estates to contemporary townhomes.

If you're looking for multi-family homes in Queen Anne and Magnolia, you're in luck. These neighborhoods offer a range of options for investors and residents looking to capitalize on the strong rental market. Whether you're interested in a duplex, triplex, or larger multi-unit property, you'll find opportunities to invest in this vibrant and sought-after area.

Discover the allure of Queen Anne and Magnolia, where urban amenities meet natural splendor, and find your perfect multi-family home in this dynamic corner of Seattle.

Newest Queen Anne/Magnolia Homes with 42 - Multi-Family Style

$2,000,000

2583599 MLS ⋅ ACTIVE Status

Westlake Development Site: two contiguous parcels at 1722 and 1726 Dexter Ave N, offered together. Each lot is 4,800 SF, for a combined 9,600 SF site zoned LR3(M). LR3(M) zoning and a floor area ratio of 1.8 support approximately 17,280 gross SF of development. Nearby lowrise sites of similar size and zoning have been developed as townhouse projects. Each lot is improved with a 1918 wood frame single family house (2 bed, 1 bath), both rented month to month, producing $4,600 per month in combined scheduled rent. Tenants pay their own utilities. Month to month tenancies let a buyer control the timing of delivery. Off-street driveway parking and in-unit laundry. The site sits on the east facing slope above Lake Union, giving upper floors of a new building water and territorial views, with Lake Union Park and the Westlake waterfront directly below. Dexter Ave N carries a protected bike lane and frequent bus service to downtown, South Lake Union and Fremont. Seller is open to developer terms, including an extended feasibility period and a closing timed to permitting. The adjacent parcels at 1730 and 1732-1734 Dexter Ave N are under the same ownership and marketed separately. Seller has not permitted or entitled the site; buyer to verify density, floor area, height, setbacks and any environmentally critical area designation with SDCI.

1722 Dexter Avenue N, Seattle

Listing Broker: Paragon Real Estate Advisors; Ben Douglas; 206-658-7247; ben@paragonrea.com

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