Magnolia Homes with 54 - 4-Plex Style

Magnolia Homes with 54 - 4-Plex Style

Welcome to Magnolia, one of Seattle’s most picturesque neighborhoods, where stunning views and a strong sense of community come together to create an idyllic living environment. Nestled on a scenic peninsula, Magnolia boasts breathtaking vistas of Puget Sound, the Olympic Mountains, and the Seattle skyline, making it a favorite for both nature enthusiasts and urban dwellers alike.

Magnolia is characterized by its charming tree-lined streets, well-maintained parks, and a delightful blend of residential styles. Among these, the 4-plex homes stand out as a unique investment opportunity. These multi-family dwellings not only provide ample living space but also foster a sense of community and connection among neighbors. With their spacious layouts and versatile designs, 4-plex homes are perfect for those looking to live in a vibrant neighborhood while enjoying the benefits of rental income.

Residents of Magnolia enjoy a rich array of amenities, including the beautiful Discovery Park, which offers miles of trails, sandy beaches, and stunning views of the water. The neighborhood is also home to quaint shops, cozy cafes, and local eateries that add to its charm. Additionally, Magnolia’s proximity to downtown Seattle ensures that urban conveniences are just a short drive away.

Whether you’re seeking a family home, an investment property, or a place to enjoy the tranquility of nature while being close to the city, Magnolia’s 4-plex homes offer an exceptional opportunity. Come discover the perfect blend of community, comfort, and breathtaking scenery that makes Magnolia a truly special place to call home!

Newest Magnolia Homes with 54 - 4-Plex Style

$1,228,888
2562308 MLS ⋅ ACTIVE Status
Fantastic opportunity to own a well-located fourplex in Seattle’s desirable Magnolia neighborhood. Three units are currently leased, while Unit 3 is intentionally being held vacant to provide easy access for showings and flexibility for the next owner. Ownership has historically prioritized stable, long-term tenancies and limited turnover, resulting in several rents remaining on the lower end and offering potential for future income growth. The property includes four dedicated off-street parking stalls—one for each unit—on-site laundry and a shared backyard area. Zoned LR3(M), the property may also offer long-term redevelopment or value-add possibilities, subject to buyer verification and applicable City of Seattle requirements. Conveniently located near Magnolia Village, Discovery Park, Queen Anne, Ballard and Downtown Seattle, with easy access to neighborhood shops, restaurants, parks, transit and major employment centers. An appealing opportunity for an investor or owner-occupant seeking established rental income, immediate leasing flexibility and long-term potential in one of Seattle’s most established neighborhoods. Please do not disturb tenants.

2657 Thorndyke Avenue W, Seattle

Listing courtesy of Realogics Sotheby's Int'l Rlty.

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