Magnolia Homes with 55 - 5-9 Units Style

Magnolia Homes with 55 - 5-9 Units Style

Welcome to Magnolia, a picturesque neighborhood nestled in the heart of Seattle, Washington. Known for its stunning views of the Puget Sound and the iconic Seattle skyline, Magnolia offers a unique blend of urban convenience and natural beauty. This charming enclave is surrounded by lush parks, including Discovery Park, which is the largest green space in the city, providing residents with ample opportunities for hiking, picnicking, and enjoying the great outdoors.

Magnolia is characterized by its diverse architecture, with a focus on homes that feature 5-9 units, perfect for those seeking a community feel without sacrificing privacy. These multi-family residences often boast modern amenities while maintaining the quaint charm that Magnolia is known for. With a variety of styles, from contemporary designs to classic brick facades, there’s something to suit every taste.

The neighborhood is not just about beautiful homes; it’s also about a vibrant lifestyle. Residents can explore local shops, cozy cafes, and delightful restaurants that create a warm, welcoming atmosphere. The community is known for its friendly vibe, making it easy to connect with neighbors and enjoy local events throughout the year.

With its prime location, Magnolia offers easy access to downtown Seattle, making it a desirable spot for professionals and families alike. Whether you’re looking to unwind in nature or indulge in the urban scene, Magnolia provides the perfect backdrop for a fulfilling lifestyle. Discover the charm of Magnolia and find your dream home in this idyllic Seattle neighborhood today!

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.

$1,300,000
2536841 MLS ⋅ ACTIVE Status
7-unit apartment building (6 units + 1 non-conforming) located in Seattle’s highly desirable Magnolia neighborhood. The property sits on an oversized 11,000 square foot LR3 (M) zoned lot, offering investors a rare combination of significant operational upside, long-term redevelopment optionality, and premium location fundamentals. The asset is currently 48% below market rents and 76% below renovated market rents, creating immediate and meaningful upside through a systematic renovation and lease-up strategy. Investors can capitalize on strong in-place demand while preserving future development flexibility under favorable zoning. Additionally, four adjacent properties are also available for sale, providing a compelling assemblage opportunity for developers or long-term holders seeking scale.

2109 W Raye Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$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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