Magnolia Homes with 56 - 10+ Units Style

Welcome to Magnolia, one of Seattle's most enchanting neighborhoods, where stunning views and a close-knit community blend seamlessly to create an idyllic living experience. Nestled on a peninsula surrounded by water, Magnolia offers residents breathtaking vistas of Puget Sound and the majestic Olympic Mountains, making it a picturesque backdrop for daily life.

Magnolia is characterized by its charming blend of residential homes, parks, and vibrant local businesses. This neighborhood is perfect for families, professionals, and anyone seeking tranquility just minutes from the bustling heart of Seattle. With its lush greenery and numerous parks, including Discovery Park—Seattle’s largest green space—outdoor enthusiasts will find ample opportunities for hiking, picnicking, and enjoying nature.

The real estate in Magnolia is as diverse as its residents. Homes here range from cozy single-family houses to stunning multi-unit residences, with options that accommodate 56 units and more. These properties often feature modern amenities and spacious layouts, catering to a variety of lifestyles. Whether you’re looking for a contemporary condo with sweeping views or a classic townhouse with a touch of history, Magnolia has something for everyone.

Community is at the heart of Magnolia, with local events and gatherings that foster a sense of belonging. Residents enjoy easy access to top-rated schools, boutique shops, and delightful eateries, making everyday life both convenient and enjoyable. If you’re seeking a neighborhood that embodies the charm of Seattle while offering a peaceful retreat, Magnolia is the perfect place to call home. Come explore the possibilities that await in this vibrant community!

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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