Prepared by https://www.commercialmls.com
Magnolia Assemblage
2600 - 2626 Thorndyke Ave W Seattle WA 98199
Listing #: 709171 | Status: Available | Last Modified: 4/14/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 680,011 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 247,217 |
| Net Operating Income | 398,793 |
| CAP Rate | 7.00 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 7.000 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 3 |
| # of Floors | 4 |
| # of Units | 31 |
| Total Building SF | 17,406 SF |
| Net Rentable Area | 17,406 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 34,262 SF |
| Acres | 0.79 |
| Year Built | 1967 |
| Property Type | |
|---|---|
| Property Type | Land |
| Location | |
|---|---|
| County | King |
| Market Area | Queen Anne/Magnolia |
| Tax ID # | 2771104290 |
| Zoning | LR3 (M) |
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.
Magnolia Assemblage
2600 - 2626 Thorndyke Ave W Seattle WA 98199
Listing #: 709171 | Status: Available | Listing Date: 2/26/2026 | Last Modified: 4/14/2026 | Email Listing
For Sale
Magnolia Assemblage
