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.
Active
Listed by:
Michael Urquhart,
Paragon Real Estate Advisors,
Ben Douglas,
Paragon Real Estate Advisors
$9,250,000
2600 2634 Thorndyke Avenue W, Seattle, WA 98199
44beds
41baths
25,724sqft
Est.:
Multi Family
Built in 1947
-- sqft lot
$8,287,100 Zestimate®
$360/sqft
$-- HOA
What's special
- 51 days |
- 431 |
- 10 |
Zillow last checked: 8 hours ago
Listing updated: October 20, 2025 at 11:43am
Listed by:
Michael Urquhart,
Paragon Real Estate Advisors,
Ben Douglas,
Paragon Real Estate Advisors
Source: NWMLS,MLS#: 2446245
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 44
- Bathrooms: 41
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 25,724
- Total interior livable area: 25,724 sqft
Property
Parking
- Total spaces: 20
- Parking features: Open
- Carport spaces: 2
- Uncovered spaces: 17
Lot
- Size: 1.11 Acres
Details
- Parcel number: 2771104250
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement/Concrete, Wood Products
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Year built: 1947
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Magnolia
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $360/sqft
- Annual tax amount: $87,742
- Date on market: 10/19/2025
- Cumulative days on market: 69 days
- Listing terms: Cash Out,Conventional
Estimated market value
$8,287,100
$7.79M - $8.70M
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2025 | Listed for sale | $9,250,000$360/sqft |
Source:  NWMLS #2446245 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$55,002/mo
Principal & interest
$45443
Property taxes
$6321
Home insurance
$3238
Climate risks
Neighborhood: Interbay
Nearby schools
GreatSchools rating
- 7/10Magnolia Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Mcclure Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Ballard High SchoolGrades: 9-12Distance: 2.4 mi
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