Magnolia Homes with 56 - 10+ Units Style

Welcome to Magnolia, a charming neighborhood nestled in the heart of Seattle, Washington. Known for its stunning views of the Puget Sound and the iconic Space Needle, Magnolia offers a unique blend of urban convenience and serene natural beauty. This picturesque community is characterized by its lush greenery, spacious parks, and a close-knit atmosphere, making it a perfect haven for families, professionals, and nature enthusiasts alike.

Magnolia is home to a variety of housing styles, with an impressive selection of homes ranging from cozy single-family residences to larger multi-unit buildings featuring 56 to over 10 units. These homes are designed to accommodate diverse lifestyles, offering ample space and modern amenities while maintaining a sense of community. Whether you're looking for a charming townhouse with easy access to local shops or a spacious apartment with breathtaking views, Magnolia has something to suit every preference.

Residents enjoy a wealth of recreational opportunities, with Discovery Park—Seattle's largest green space—providing miles of trails, beaches, and scenic vistas. The neighborhood's vibrant community spirit is evident in its local events, farmers' markets, and friendly cafes, fostering a welcoming atmosphere for newcomers and long-time residents alike.

With easy access to downtown Seattle and major highways, Magnolia strikes the perfect balance between tranquility and connectivity. Explore the enchanting streets of Magnolia and discover your dream home in this idyllic neighborhood where nature and urban living harmoniously coexist. Experience the charm of Magnolia today—your new adventure awaits!

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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