Fantastic opportunity to own a well-located fourplex in Seattle’s desirable Magnolia neighborhood. Three units are currently leased, while Unit 3 is intentionally being held vacant to provide easy access for showings and flexibility for the next owner. Ownership has historically prioritized stable, long-term tenancies and limited turnover, resulting in several rents remaining on the lower end and offering potential for future income growth. The property includes four dedicated off-street parking stallsone for each uniton-site laundry and a shared backyard area. Zoned LR3(M), the property may also offer long-term redevelopment or value-add possibilities, subject to buyer verification and applicable City of Seattle requirements. Conveniently located near Magnolia Village, Discovery Park, Queen Anne, Ballard and Downtown Seattle, with easy access to neighborhood shops, restaurants, parks, transit and major employment centers. An appealing opportunity for an investor or owner-occupant seeking established rental income, immediate leasing flexibility and long-term potential in one of Seattle’s most established neighborhoods. Please do not disturb tenants.
| MLS # | 2562308 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 23 |
| Listing Provided By | Realogics Sotheby's Int'l Rlty | Demetre Skepetaris |
| SQ Feet | 2,880 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential |
| Acreage | 0.13 |
| Property View | Yes |
| Property | 10018 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98199 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Magnolia |
| Listing VS Median (in Magnolia) | |
Price: $1,228,888 low | high Med: $960,000 sqft: 2,880 low | high Med: 1,980 $ / sqft: $427 low | high Med: $485 On site: 23 low | high Med: 67 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98199 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Magnolia |
| Listing VS Median (in Magnolia) | |
Price: $1,228,888 low | high Med: $960,000 sqft: 2,880 low | high Med: 1,980 $ / sqft: $427 low | high Med: $485 On site: 23 low | high Med: 67 | |
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