$8,325,000
Active
25,724
SqFt
1947
Built
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.
MORTGAGE CALCULATOR
$42,096
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$8,325,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)25,724 sqft
Lot Size1.1125 Acres
Year Built1947
MLS® Number2536854
StatusActive
Property Tax87742
HOA/Condo/Coop FeesN/A
GENERAL
Acres1.1125
Carport2
GarageYes
Garage Spaces1
Number Of Stories4
Parking Spaces3
Property Sub TypeMulti Family
SqFt Total25724
UtilitiesSewer Connected
INTERIOR
FlooringVinyl, Carpet
HeatingElectric, Baseboard
EXTERIOR
Construction DetailsWood Siding
RoofFlat
COMMUNITY
Financing Terms AvailableCash, Conventional
MLS Area700 - Queen Anne/Magnolia
School DistrictSeattle
SCHOOLS
School DistrictSeattle
RECENT ACTIVITY
June 8, 2026Active
Listing courtesy of Paragon Real Estate Advisors
Courtesy of NWMLS
Listing courtesy of Michael Urquhart of Paragon Real Estate Advisors
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-07-15 04:26 AM PDT
Listing courtesy of Michael Urquhart of Paragon Real Estate Advisors
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-07-15 04:26 AM PDT
Comps
An estimate is not available for this listing.
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