2600 2634 Thorndyke Avenue W Seattle, WA 98199

Active (1 Days)

$9,250,000 ^(USD)

25,724

SQFT

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Description

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.

MLS #:
2446245

Taxes
$87,742(2025)

Lot Size
1.11 acres

Type
Multifamily

Year Built
1947

Style
10+ Units

School District
Seattle

County
King County

Community
Magnolia

Listed By

Michael Urquhart, Paragon Real Estate Advisors

Source
Northwest MLS as distributed by MLS Grid
Last checked Oct 21 2025 at 9:57 AM GMT+0000

Bathroom Details

Subdivision

Magnolia

Property Features

Fireplace: 0
Foundation: Poured Concrete

Heating and Cooling

Baseboard

Flooring

Vinyl
Carpet

Exterior Features

Wood Products
Cement/Concrete
Roof: Flat

Utility Information

Sewer: Sewer Connected
Fuel: Electric

Additional Listing Info

Buyer Brokerage Compensation: 1.5

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 10/21/25 02:57. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. 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.