2600 - 2634 Thorndyke Ave W
Seattle WA 98199
Magnolia Portfolio
2600 - 2634 Thorndyke Ave W Seattle WA 98199
Listing #: 704073 | Status: Available | Last Modified: 4/14/2026 |
For Sale
- Phone:(206) 812-9130
- Email:brianp@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:www.paragonrea.com
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Agent Phone:(206) 812-9101
- Agent Email:ben@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 8,325,000.0
- $/SF$ 323.6
- $/lot sf$ 172.2
- $/Unit$ 193,604.7
- Listing StatusAvailable
- Days on Market187
- Asset ClassMulti-Family, Land
- Terms
- Investment Type
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Topography
- Total Units43
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 6.01 %
- Building StatusExisting
- # of Buildings5
- # of Floors2
- # of Units43
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF25724
- Net Rentable Area25724
- Total Office SF
- Largest Contiguous SF
- Lot SF48352
- Acres1.11
- Property TypeLand
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #2771104250
- Additional Parcels2771104280, 2771104290, 2771104305, 2771600270
- ZoningLR3 (M)
- # Covered Spaces0
- # Uncovered Spaces20
- Total Parking Spots20
- Parking Ratio
- Year Built1964
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Magnolia Portfolio
Opportunities are Abundant! The Magnolia Portfolio offers a new investor the ability to acquire a 5 building assemblage suitable for a value add opportunity located in a core Seattle area. The current arrangement offers 41 residential units plus 2 commercial spaces and a single family house. All together the assemblage represents 48,462 square feet of LR3 (M) zoned dirt. The property is suitable for immediate development as multiple asset types depending on need allowing a new owner to operate the assets "as is" while navigating the permit process to maintain cash flow.
