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

Welcome to the enchanting neighborhoods of Queen Anne and Magnolia, two of Seattle's most desirable areas, nestled in the heart of King County, Washington. These vibrant communities boast stunning views of the Puget Sound and the iconic Seattle skyline, making them perfect for those seeking both beauty and convenience.

Queen Anne is known for its charming historic homes, tree-lined streets, and a lively community atmosphere. With a mix of architectural styles, from classic Victorian houses to modern condos, this area offers a diverse range of housing options. Residents enjoy easy access to local parks, including the sprawling Kerry Park, which provides breathtaking vistas of the city and Mount Rainier. Queen Anne's bustling commercial district is filled with boutique shops, delightful cafes, and gourmet restaurants, ensuring there's always something to explore.

Just a stone's throw away lies Magnolia, a serene neighborhood characterized by its lush green spaces and waterfront access. With its proximity to Discovery Park, Seattle's largest green space, Magnolia is ideal for outdoor enthusiasts and families alike. The neighborhood exudes a peaceful charm, with a strong sense of community and a slower pace of life compared to the hustle and bustle of downtown Seattle.

For those considering multi-family homes in these sought-after areas, Queen Anne and Magnolia present an exceptional opportunity. With a variety of multi-family properties available, potential investors can benefit from the area's strong rental market, driven by its desirable location and community amenities. Whether you're looking to invest or find a new home, the multi-family housing options in Queen Anne and Magnolia are sure to impress. Experience the perfect blend of urban living and natural beauty in these captivating neighborhoods!

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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