Queen Anne/Magnolia Homes with 55 - 5-9 Units Style

Queen Anne/Magnolia Homes with 55 - 5-9 Units Style

Nestled in the heart of Seattle, the enchanting neighborhoods of Queen Anne and Magnolia offer a unique blend of urban sophistication and natural beauty. Known for their stunning views of the Seattle skyline and the iconic Space Needle, these areas are perfect for those seeking a vibrant lifestyle amidst a serene backdrop.

Queen Anne boasts a rich history with its charming Victorian homes and tree-lined streets, creating an inviting atmosphere for residents and visitors alike. The neighborhood is home to an array of local boutiques, cafes, and parks, including the beloved Kerry Park, which provides a breathtaking panoramic view of the city. Here, you can immerse yourself in the arts and culture, with venues like the Seattle Center and the historic Queen Anne Avenue offering entertainment options for all ages.

Just a stone's throw away, Magnolia is a hidden gem that exudes a more suburban feel, perfect for families and those looking for a quieter retreat. With its lush greenery, waterfront parks, and the expansive Discovery Park, residents enjoy an abundance of outdoor activities, from hiking to picnicking along the Puget Sound.

For those interested in homes with a distinctive flair, the 55-59 units style offers a unique opportunity to experience the best of both worlds. These properties often feature modern amenities while retaining the charm of the neighborhood’s historic architecture. Whether you’re looking for a cozy condo or a spacious townhome, Queen Anne and Magnolia provide a diverse selection of homes that cater to various lifestyles.

Discover the allure of Queen Anne and Magnolia, where vibrant community life meets breathtaking natural beauty, and find your perfect home in this idyllic Seattle enclave.

Newest Queen Anne/Magnolia Homes with 55 - 5-9 Units Style

714 N 1st Avenue N, Seattle
$1,900,000
2596566 MLS ⋅ ACTIVE Status
Rare Lower Queen Anne investment opportunity! This charming six-unit apartment building combines an exceptional Seattle location with a compelling value-add opportunity.? All six units have been recently renovated and feature a desirable mix of four two-bedroom/one-bath units and two one-bedroom/one-bath units.? Historically low tenant turnover and strong rental demand make this an attractive income-producing asset.? A rare seven-car parking lot, separate paid laundry room, and individual water meters for each unit add to the appeal.? With parking at a premium and future redevelopment potential to explore, this property offers investors the opportunity to hold a well-located asset today while considering its longer-term upside.?

714 N 1st Avenue N, Seattle

Listing Broker: Windermere Real Estate Co.; Leah Hill; 206-852-7634; leahhill@windermere.com

163 Etruria Street, Seattle
$2,395,000
2584915 MLS ⋅ ACTIVE Status
Exceptional investment opportunity in Seattle’s North Queen Anne neighborhood! 163 Etruria is a 9-unit apartment building featuring spacious one-bedroom, one-bathroom residences averaging 831 square feet. Built in 1975, the property offers approximately 7,475 net rentable square feet, shared laundry facilities, and off-street parking. Ideally situated near Fremont, Seattle Pacific University, and the Fremont Cut, residents enjoy convenient access to dining, shopping, entertainment, and major employment centers. Investors have an opportunity to increase income through unit renovations, rental growth, utility reimbursements, and parking revenue. Offered at $2,395,000 with a 6.13% in-place cap rate, the property presents an opportunity to acquire a well-located multifamily asset with value-add potential.

163 Etruria Street, Seattle

Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com

819 6th Avenue N, Seattle
$1,695,000
2584222 MLS ⋅ ACTIVE Status
The Iowan Apartments is a seven-unit apartment building located on the South slope of Queen Anne. The building is priced at a current 5.5% cap rate and has been extensively upgraded including a re-plumb of the building supply lines (2026), a new roof (2025), new central hot water tank (2024), double pane vinyl windows, and square D electrical panels throughout the building. The property includes seven open parking stalls accessed off the alley. The property comprises 4,870 net rentable square feet across seven units, averaging 696 square feet, with a mix of one studio, four one-bedroom units including one one-bedroom plus den, one two-bedroom, and one three-bedroom. Interior improvements completed upon natural turnover support potential monthly income of approximately $17,234, representing a 25.1% increase. The property is zoned LR3 (M) within the Uptown Urban Center, with a 2.3 FAR and a 50 foot height limit on a 5,610-square-foot lot. The existing building utilizes approximately half of the site’s maximum permitted floor area, creating meaningful future development optionality. Uptown has no residential parking minimum, providing flexibility for future redevelopment. See the Development Optionality section for additional details. Located two blocks north of Seattle Center, the property offers immediate access to Climate Pledge Arena, the Space Needle, Seattle Center Monorail, and the surrounding Uptown amenity base.

819 6th Avenue N, Seattle

Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

2801 14th Avenue W, Seattle
$2,695,000
2584084 MLS ⋅ ACTIVE Status
The Deauville Apartments is an 8-unit multifamily investment located at 2801 14th Ave W in Seattle’s Queen Anne neighborhood, above the Interbay corridor. Built in 1961, the property offers a uniform unit mix of 8 two-bedroom, one-bathroom homes averaging 784 square feet, on a 9,000 square foot LR3(M)-zoned lot. All units feature in-unit laundry, dishwashers, view windows, modern updates, and dedicated parking. Systems work included new electrical panels in four units (all are up-to-date), plumbing updates, new hot water heaters and new appliances throughout. Every unit now has in-unit W/D and exhaust fans from its bathroom and kitchen. Four units were completely remodeled with all-new kitchens, along with all-new bathrooms, new entry doors, and new hardwood flooring. The remaining units received mid-level renovations, including new appliances, updated electrical and plumbing fixtures, refinished bathtubs, new lighting, and ceiling fan additions in bedrooms. Real prefinished red oak hardwood was installed in six units and engineered hardwood in a seventh unit. The property shares the Armour Street city right of way. This provides residents a park like feel in an urban setting and an amenity to any future redevelopment.

2801 14th Avenue W, Seattle

Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-812-9108; Will@ParagonREA.com

3600 25th Avenue W, Seattle
$2,925,000
2578716 MLS ⋅ ACTIVE Status
Rare opportunity to acquire a 7-unit apartment building featuring exceptionally large, condo-sized residences in Seattle’s desirable Magnolia neighborhood. Each unit offers approximately 1,300 SF with 2 bedrooms and 1.75 bathrooms, providing floor plans and living space rarely found in comparable rental properties. Originally constructed as part of the Eldorado Block condominium development, the units feature wood-burning stone fireplaces, in-unit washers and dryers, spacious primary suites with walk-in closets, exterior-vented range hoods and generous storage. The building has benefited from numerous improvements over the years, including updates to plumbing, electrical, roofing, siding, decks and windows. A unique opportunity to acquire an apartment asset with true condo-sized units and amenities that differentiate it from the surrounding rental market.

3600 25th Avenue W, Seattle

Listing Broker: Paragon Real Estate Advisors; Nick Hemming; 206-812-9105; nhemming@paragonrea.com

2822 14th Avenue W, Seattle
$1,650,000
2576773 MLS ⋅ ACTIVE Status
Exceptional investment opportunity on the western slope of Queen Anne. This well-maintained mid-century five-plex offers strong income, consistently low vacancy, and compelling long-term potential. The building and all five units are in great condition and each unit has its own dedicated storage unit in the basement. An attractive cap rate provides solid returns today with potential to further maximize income over time. The location provides quick access to Interbay, Ballard, Fremont, Magnolia, Downtown Seattle, and Highway 99, making it highly desirable for tenants seeking convenience and connectivity. Residents also enjoy easy access to Queen Anne's vibrant restaurants, cafés, shopping, parks, and major employment centers. A dependable, income-producing asset in one of Seattle's premier neighborhoods, with the potential to benefit from continued appreciation and future value-add. Pre-listing inspection report available upon request.

2822 14th Avenue W, Seattle

Listing Broker: Coldwell Banker Danforth; Heather Heinzen; 206-579-5133; heatherheinzen@gmail.com

2707 W Jameson Street, Seattle
$2,180,000
2565089 MLS ⋅ ACTIVE Status
Constructed in 1966, this well-maintained eight-unit apartment community features quality wood-frame construction with a durable marblecrete exterior. Ideally situated in Seattle’s highly sought-after Magnolia neighborhood, the property has historically maintained exceptionally low vacancy, driven by its premier location and strong tenant demand. The Magnolia 8-Unit Apartments offer investors an attractive value-add opportunity through the ability to increase below-market rents as units turn over, while also presenting the potential to add a legal ninth apartment unit (buyer to verify). The property’s desirable unit mix consists of five one-bedroom/one-bath units and three two-bedroom/one-bath units, along with seven on-site parking spaces and ample unrestricted street parking. Ownership has completed several meaningful capital improvements, including a full tear-off roof replacement. The building is also serviced by copper plumbing, providing long-term durability and minimizing future maintenance costs. Combining a prime Magnolia location, stable occupancy history, and clear upside potential, this offering represents an exceptional opportunity to acquire a quality multifamily asset in one of Seattle’s most established and supply-constrained neighborhoods.

2707 W Jameson Street, Seattle

Listing Broker: Westlake Associates, Inc.; Travis Kannier; 206-505-9428; travisk@westlakeassociates.com

3510 W Elmore Street, Seattle
$2,295,000
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 Broker: Lee & Associates Commercial RE; Dea Sumantri; 206-773-2680; dsumantri@lee-associates.com

2366 E Yale Avenue E, Seattle
$1,750,000
2529447 MLS ⋅ ACTIVE Status
A rare opportunity! Yale Properties is located just two streets away from the shores of Lake Union. One of Seattle’s treasures, featuring a unique mix of local charm, careful design, and expansive views of the Seattle skyline, the Space Needle, and the lake. Yale Properties has every unit filled. Two units with 2 bedrooms and four units with 1 bedroom. At the front, there are three enclosed garages and at the rear, four parking spaces, along with a spacious community deck. The interior blueprint features high-end appliances, LV flooring, ductless mini-split HVAC, and a modern interior design. The entire building’s electrical system has been upgraded to support high-power loads and enable separate billing for each unit. Strolling through Eastlake feels like stepping into a carefully curated gallery. Traditional Victorian houses engage with contemporary sleek architecture, while the famous floating homes contribute a distinct Seattle character to the scenery. Every street narrates a tale filled with history, character, and subtle elegance. People living here share more than just a location—they share a way of life. Weekdays provide easy access to downtown Seattle, making productivity seem effortless. On weekends, the pace slows down, with kayakers drifting on Lake Union and neighbors coming together at the local farmer’s market.

2366 E Yale Avenue E, Seattle

Listing Broker: North Pacific Properties; Cynthia Malone; 425-359-3835; cynthia@northpacificproperties.com

1401 W Bertona Street, Seattle
$2,425,000
2531266 MLS ⋅ ACTIVE Status
The asset delivers a 6.15% current cap rate on day one providing a stabilized, high income-producing return in a submarket where most comparable listings are priced at sub-5.25% current yields. Six of the eight units have been fully renovated with market-quality finishes, the building has a new Durolast roof, and received a full exterior refresh (paint, lighting, and signage) within the last three years. The building consists of six renovated units including four 2BD/1BTH residences, one 1BD/1BTH, and one 1BD+Den/1BTH and two original 1BD/1BTH units currently occupied by long-term tenants paying below-market rents. The two original units represent significant upside for a new owner to bring these final two units to the same finish level and rent tier as the rest of the building, without touching the renovated units or any stabilized income. In-place renovated rents at Fairseas already reach $1,800 on the one bedroom, validating the finish level and rental capability. The property sits on an 8,400 square foot LR3 RC (M) zoned lot with 12 on-site parking stalls in a walkable North Queen Anne location: short walk to Seattle Pacific University, the RapidRide D Line, and the retail and dining on 15th Avenue West, with direct commuter access to South Lake Union, Downtown Seattle, Ballard, and Fremont.

1401 W Bertona Street, Seattle

Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

1809 5th Avenue N, Seattle
$2,450,000
2452589 MLS ⋅ ACTIVE Status
Arun Apartments "PERMITTED" Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle’s most supplyconstrained and sought-after multifamily submarkets. Beyond the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income.

1809 5th Avenue N, Seattle

Listing Broker: Pacific Crest; Alan Wileman; 559-679-7128; alan.wileman@pacificcrestre.com

4051 Gilman Avenue W, Seattle
$1,750,000
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 Broker: John L. Scott, Inc; George Graham; 206-949-3793; pending@nw-realestateteam.com

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