Magnolia Homes with 55 - 5-9 Units Style

Magnolia Homes with 55 - 5-9 Units Style

Welcome to Magnolia, one of Seattle’s most enchanting neighborhoods, nestled in the heart of King County, Washington. Known for its stunning views of Puget Sound and the Olympic Mountains, Magnolia offers a serene escape from the hustle and bustle of city life while still being just a short drive from downtown Seattle. This picturesque community is characterized by its lush greenery, charming parks, and a strong sense of community, making it an ideal place for families, professionals, and retirees alike.

The homes in Magnolia are a delightful blend of architectural styles, with a notable presence of 55-59 unit buildings that embody the true essence of suburban living. These thoughtfully designed residences offer spacious layouts and modern amenities, perfect for those seeking comfort and convenience. Many of these homes feature large windows that invite in natural light and showcase breathtaking views, allowing residents to enjoy the beauty of the surrounding landscape right from their living rooms.

Magnolia is also home to a variety of local shops, cafes, and restaurants, providing residents with everything they need within walking distance. The area boasts several parks, including Discovery Park, which is the largest park in Seattle, offering miles of trails, beaches, and stunning vistas. With its friendly atmosphere and vibrant community spirit, Magnolia is not just a place to live; it's a place to thrive.

If you’re looking for a charming neighborhood that combines the best of nature and urban living, Magnolia awaits you! Explore the available homes today and discover the perfect place to call home in this captivating Seattle enclave.

Newest Magnolia Homes with 55 - 5-9 Units Style

$2,400,000
2537323 MLS ⋅ ACTIVE Status
We are pleased to present Twin Cedars Apartments, an 8-unit apartment built in 1968 in Seattle’s coveted Magnolia neighborhood, within steps of Discovery Park. The building offers 31BD averaging 732SF and 5 2BD averaging 967SF, with efficient floor plans. With 2BD units comprising 63% of the building, the unit mix is squarely aligned with the unit type that drives the strongest tenant demand and longest retention across Seattle’s rental market. _of the 8 units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation. Roof replaced and cedar siding resided in 2020 keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one. Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner’s bottom line, and a stable, long-tenured tenant base reflects both the building’s quality and the neighborhood’s enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute.

3510 W Elmore Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$2,000,000
2390679 MLS ⋅ ACTIVE Status
Portfolio of SEVEN 2 and 3 bed CONDO UNITS located at the well maintained + professionally managed Gilmanor Building, a premier Magnolia Community. Unique investment and perfect 1031 exch opportunity offers investors strong cash flow, stable rents in high appreciation zip code. Each unit is thoughtfully designed for comfort+ efficiency, ranging in size from 786-1081 sf. Units feature gas fireplaces, private balconies and newly renovated interiors. Building amenities include on-site laundry, intercom entry system, elevator, assigned parking spots and additional storage. Convenient location offers easy access to major employers, close proximity to Magnolia Village and Discovery Park. Walk Score of 77 and Bike Score of 62

4051 Gilman Avenue W, Seattle

Listing courtesy of John L. Scott, Inc.

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