2600 - 2626 Thorndyke Ave W
Seattle WA 98199
Magnolia Assemblage
2600 - 2626 Thorndyke Ave W Seattle WA 98199
Listing #: 709171 | 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$ 6,225,000.0
- $/SF$ 357.6
- $/lot sf$ 181.7
- $/Unit$ 6,225,000.0
- Listing StatusAvailable
- Days on Market56
- Asset ClassMulti-Family, Land
- Terms
- Investment Type
- Investment PropYes
- Gross Income680,011
- Vacancy Factor %5.00%
- Operating Expenses247,217
- Net Operating Income398,793
- CAP Rate 7.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Topography
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 7.00 %
- Building StatusExisting
- # of Buildings3
- # of Floors4
- # of Units31
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF17406
- Net Rentable Area17406
- Total Office SF
- Largest Contiguous SF
- Lot SF34262
- Acres0.79
- Property TypeLand
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #2771104290
- Additional Parcels2771104250, 2771104280, 2771104305, 2771600270
- ZoningLR3 (M)
- Year Built1967
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Magnolia Assemblage
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.
