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

$1,600,000

2550329 MLS ⋅ ACTIVE Status

We are pleased to present the Bertona Apartments, a 7-unit apartment community built in 1958 in Seattle’s coveted North Queen Anne neighborhood, delivered fully vacant at closing. This rare offering gives investors and owner-occupants the immediate ability to lease all units at current market rents, pursue targeted renovations, or both, with no inherited lease obligations. The building offers seven one-bedroom units with efficient layouts, 8 surface parking spaces, and a dedicated common laundry and storage area. The top floor unit is a standout, canal views and a large private deck make it an ideal owner-occupant penthouse or a premium rental commanding top-of-market rents. A comprehensive capital improvement program addressed building envelope repairs and plumbing upgrades in 2017, a full roof replacement in 2006, electrical upgrades in 2024, and new flooring throughout, allowing a new owner to direct capital toward light interior finishing rather than deferred maintenance. Positioned in North Queen Anne with seamless access to Fremont, Ballard, Interbay, South Lake Union, and Downtown Seattle, and within easy reach of Apple, Anthropic, Meta, Google, Amazon, and Expedia, the Bertona Apartments sit in one of Seattle’s most consistently in-demand rental submarkets. With a well-maintained building, a compelling owner-user opportunity, and a fully vacant delivery, this is an immediately executable opportunity to lease, reposition, and maximize returns from day one.

650 W Bertona Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$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.

$1,950,000

2529447 MLS ⋅ ACTIVE Status

A rare opportunity! Tucked just two streets from the tranquil shores of Lake Union is Yale Properties. One of Seattle's gems-offering a rare blend of neighborhood charm, thoughtful design, and sweeping views of the Seattle skyline, Space Needle, and lake. Yale Properties offers six units. Two 2 bedroom units and four 1 bedroom units. Three enclosed garages out front and four parking spaces at the back of the property plus expansive community deck. Interior blueprint designed with high end appliances, LV flooring, ductless mini split HVAC and modern interior design. Entire building has updated electrical to handle high power loads and provide separate billing for each unit. Strolling through Eastlake feels like stepping into a carefully curated gallery. Classic Victorian homes stand in conversation with sleek modern architecture, while iconic floating homes add a uniquely Seattle dimension to the landscape. Each street tells a story rich with history, character, and quiet sophistication. Residents here share more than just proximity-they share a lifestyle. Weekdays offer seamless access to downtown Seattle, making productivity feel effortless. By contrast, weekends unfold at a slower pace, with kayakers gliding across Lake Union and neighbors gathering at the local farmer's market.

2366 E Yale Avenue E, Seattle

Listing courtesy of North Pacific Properties.

$2,550,000

2531266 MLS ⋅ ACTIVE Status

Presenting the Fairseas Apartments, an eight unit multifamily property in the North Queen Anne neighborhood of Seattle. The asset delivers a 5.8% current cap rate on day one—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, including four 2BD/1BTH, one 1BD/1BTH, and one 1BD+Den/1BTH. The two original 1BD/1BTH units are occupied by long-term tenants paying below-market rents, representing significant upside to bring them to the same finish and rent tier as the rest of the building—without touching the renovated units or stabilized income. In-place renovated rents already reach $1,800 on the one bedroom, validating the finish level. The building also features a new Durolast roof and a full exterior refresh (paint, lighting, signage) within the last three years. It sits on an 8,400 SF LR3 RC (M) zoned lot with 12 on-site parking stalls in a walkable location: a 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. North Queen Anne continues to benefit from supply-constrained multifamily stock and durable renter demand tied to SPU, the Fishermen's Terminal maritime cluster, and the Fremont tech corridor.

1401 W Bertona Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,485,000

2486345 MLS ⋅ ACTIVE Status

Lake Vista apartments of an old world charm brick building. Situated in the vibrant Eastlake neighborhood, 3 blocks E of Lake Union. Eastlake and S Lake Union the hub to High Tech, Biotech, & medical research companies like Amazon headquarters, Bill & Melinda Gates foundation, Zymogenetics etc. Units feature hardwood floors, updated electrical panels, central radiant heat, spacious floor plans, old world charm. Rents have room to increase. Well maintained building with very low vacancy rate. Building has solar panels for an additional ANNUAL income of $560.00/YR, and leased washer income of $383.00/YR The lot has been short platted 5ft from the back of the building, please refer to the supplements for specifics. PLEASE do not talk/contact any of the tenants

2311 Yale Avenue E, Seattle

Listing courtesy of eXp Realty.

$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 courtesy of Pacific Crest.

$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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