Magnolia Homes with 56 - 10+ Units Style

Welcome to Magnolia, one of Seattle's most cherished neighborhoods, where stunning waterfront views meet a vibrant community spirit. Nestled on a picturesque peninsula, Magnolia offers a unique blend of natural beauty and urban convenience, making it an ideal place for families, professionals, and anyone seeking a serene lifestyle close to the heart of the city.

Magnolia boasts a rich history and a diverse array of homes, particularly those featuring 56 to 10+ unit styles. These multi-family residences provide ample opportunities for both investors and residents alike, with spacious layouts and modern amenities that cater to a variety of needs. Whether you're looking for an elegant condo with sweeping views of Puget Sound or a charming townhouse nestled among lush greenery, Magnolia has something for everyone.

The neighborhood is characterized by its tranquil streets, beautifully maintained parks, and a strong sense of community. Residents enjoy easy access to Discovery Park, Seattle's largest green space, which offers miles of scenic trails, beaches, and breathtaking vistas of the Olympic Mountains. The local dining scene is equally appealing, featuring an array of cozy cafes, upscale restaurants, and boutique shops that reflect the area’s unique character.

Magnolia is also well-connected to downtown Seattle, with convenient transportation options that make commuting a breeze. With its stunning landscapes, friendly atmosphere, and diverse housing options, Magnolia is not just a neighborhood; it’s a vibrant community where you can truly feel at home. Come explore all that Magnolia has to offer, and discover why so many have chosen to call this enchanting area their 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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