Magnolia Homes with 56 - 10+ Units Style

Magnolia is a charming neighborhood located in Seattle, Washington. Situated in King County, this area offers a delightful blend of natural beauty and urban convenience. With its close proximity to downtown Seattle, Magnolia provides residents with easy access to all the amenities the city has to offer while still maintaining a peaceful and suburban atmosphere.

One of the notable features of Magnolia is its diverse range of housing options. In particular, the neighborhood is known for its collection of homes with 56 to 10+ units style. These multi-unit properties offer a unique living experience, providing residents with spacious and well-designed accommodations.

Living in a home with 56 to 10+ units style in Magnolia allows residents to enjoy a sense of community and shared amenities. These properties often feature common areas such as gardens, fitness centers, and lounges, creating opportunities for social interaction and a vibrant neighborhood atmosphere.

Furthermore, Magnolia's location offers residents breathtaking views of the Puget Sound, the Olympic Mountains, and the city skyline. The neighborhood is also home to several parks and green spaces, including Discovery Park, which boasts over 500 acres of natural beauty and hiking trails.

Overall, Magnolia is a highly sought-after neighborhood in Seattle, offering a unique blend of urban convenience, natural beauty, and a range of housing options, including homes with 56 to 10+ units style. Whether you're looking for a bustling city life or a tranquil suburban retreat, Magnolia has something to offer for everyone.

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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