Magnolia Homes with 55 - 5-9 Units Style

Magnolia Homes with 55 - 5-9 Units Style

Welcome to the charming neighborhood of Magnolia in Seattle, Washington. Nestled in King County, Magnolia offers a perfect blend of urban convenience and natural beauty. With stunning views of the Puget Sound and the Olympic Mountains, this neighborhood is a sought-after destination for those looking to enjoy the best of Seattle living.

Magnolia is known for its diverse architecture, including homes with 55 - 59 units style. These properties offer a unique living experience, combining modern amenities with a sense of community. Whether you're looking for a cozy apartment or a spacious townhouse, Magnolia has something to suit every lifestyle.

In addition to its architectural charm, Magnolia boasts a vibrant community atmosphere. Residents can enjoy local parks, trendy boutiques, and delicious dining options just steps from their front door. With easy access to downtown Seattle and major transportation routes, Magnolia is the perfect place to call home for those seeking a balance between city living and natural surroundings.

Come and discover all that Magnolia has to offer. From its scenic views to its welcoming community, this neighborhood truly has something for everyone. Experience the magic of Magnolia and find your perfect home in this Seattle gem.

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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