Magnolia Homes with 55 - 5-9 Units Style

Welcome to Magnolia, one of Seattle's most picturesque neighborhoods, where stunning views and a vibrant community come together in perfect harmony. Nestled on a peninsula overlooking Puget Sound, Magnolia boasts breathtaking panoramas of the Olympic Mountains and the Seattle skyline, making it a serene escape from the hustle and bustle of city life.

Magnolia is characterized by its lush greenery and charming residential areas, featuring a variety of homes, including those in the 55-59 unit style. These homes offer a unique blend of comfort and community, ideal for families, professionals, and retirees alike. With thoughtfully designed spaces, residents enjoy the benefits of close-knit living while still having access to the amenities of urban life.

The neighborhood is home to an array of parks, including Discovery Park, Seattle's largest green space, which offers miles of trails, beaches, and stunning views of the water. The local community is vibrant and welcoming, with a mix of cafes, boutiques, and restaurants that cater to diverse tastes. Families will appreciate the highly-rated schools and numerous recreational activities available, from hiking and biking to community events throughout the year.

Magnolia is conveniently located near downtown Seattle, providing easy access to employment opportunities, cultural attractions, and entertainment options. Whether you're looking for a peaceful retreat or a lively community atmosphere, Magnolia offers the perfect blend of both. Discover the charm of this beautiful neighborhood and find your dream home among its delightful 55-59 unit residences. Your new life in Magnolia awaits!

Newest Magnolia Homes with 55 - 5-9 Units Style

$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.

$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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