Prepared by https://www.commercialmls.com
Magnolia Portfolio
2600 - 2634 Thorndyke Ave W Seattle WA 98199
Listing #: 704073 | Status: Available | Last Modified: 4/14/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Total Units | 43 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 6.006 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 5 |
| # of Floors | 2 |
| # of Units | 43 |
| Total Building SF | 25,724 SF |
| Net Rentable Area | 25,724 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 48,352 SF |
| Acres | 1.11 |
| Year Built | 1964 |
| Property Type | |
|---|---|
| Property Type | Land |
| Location | |
|---|---|
| County | King |
| Market Area | Queen Anne/Magnolia |
| Tax ID # | 2771104250 |
| Zoning | LR3 (M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 20 |
| Total Parking Spots | 20 |
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.
Magnolia Portfolio
2600 - 2634 Thorndyke Ave W Seattle WA 98199
Listing #: 704073 | Status: Available | Listing Date: 10/17/2025 | Last Modified: 4/14/2026 | Email Listing
For Sale
Magnolia Portfolio
