Magnolia Homes with 55 - 5-9 Units Style

Welcome to Magnolia, one of Seattle’s most enchanting neighborhoods, where breathtaking views meet a serene suburban atmosphere. Nestled on a peninsula, Magnolia boasts stunning vistas of Elliott Bay, the Olympic Mountains, and the Seattle skyline, making it a picturesque backdrop for your next home.

Magnolia is characterized by its lush green spaces, including the expansive Discovery Park, which offers miles of walking trails, beaches, and wildlife viewing opportunities. The neighborhood is perfect for outdoor enthusiasts and families alike, providing a peaceful retreat from the bustling city while still being conveniently located just minutes from downtown Seattle.

The real estate landscape in Magnolia features a charming collection of homes, particularly those with 5-9 units, which offer a unique blend of community living and privacy. These homes often showcase classic Northwest architecture, with spacious layouts and inviting outdoor spaces. Imagine enjoying your morning coffee on a sun-drenched patio or hosting friends in a cozy, open-concept living area.

Magnolia’s close-knit community is complemented by local shops, cafes, and restaurants, creating a vibrant neighborhood spirit. Residents enjoy easy access to quality schools and a variety of recreational activities, making it an ideal place for families and professionals alike.

Whether you’re looking for a quaint townhouse or a spacious multi-unit dwelling, Magnolia offers an array of options that cater to diverse lifestyles. Come explore the charm of Magnolia, where your dream home awaits amidst stunning natural beauty and a welcoming community.

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.

$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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