Magnolia Homes with 56 - 10+ Units Style

Welcome to Magnolia, one of Seattle's most enchanting neighborhoods, where the charm of suburban living meets the vibrant pulse of the city. Nestled on a peninsula surrounded by water, Magnolia offers breathtaking views of Puget Sound, the majestic Olympic Mountains, and the iconic Seattle skyline. This picturesque community is renowned for its lush parks, including Discovery Park, which boasts over 500 acres of natural beauty, hiking trails, and stunning waterfront vistas.

Magnolia is not just a feast for the eyes; it’s also a tight-knit community with a rich history and a welcoming spirit. Residents enjoy a slower pace of life while still being just a short drive or ferry ride away from downtown Seattle’s bustling amenities. The neighborhood features a delightful mix of local shops, cafes, and restaurants, perfect for leisurely afternoons or weekend outings.

For those looking to call Magnolia home, the real estate market offers a diverse range of options, particularly in homes with 56 to 10+ unit styles. These multi-family residences provide an excellent opportunity for both investors and families seeking spacious accommodations. Many of these properties feature modern amenities, beautiful landscaping, and easy access to community resources. With a blend of historic charm and contemporary living, Magnolia caters to a variety of lifestyles.

Whether you’re drawn to the scenic beauty, the strong community ties, or the appealing real estate options, Magnolia is a neighborhood that truly embodies the best of Seattle living. Explore the possibilities and discover why this hidden gem is the perfect place to call home!

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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