2215 W Raye Street, Seattle, WA 98199
- $1,370,000
- 3,683
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Windermere Real Estate/East.
- Sold Price
- $1,370,000
- List Price
- $1,350,000
- Status
- SOLD
- MLS#
- 2525633
- Closing Date
- Jul 06, 2026
- Days on Market
- 11
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,683
- Area Total SqFt
- 3683
- Annual Tax Ammount
- 16301
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Premier Magnolia Triplex Featuring Expansive 2BR Floorplans & Iconic Seattle Views Located at the end of a quiet Magnolia cul-de-sac, 2215 W Raye St presents a rare opportunity to acquire a meticulously maintained and extensively updated triplex featuring oversized two-bedroom floor-plans, sweeping Elliott Bay and city views, and strong in-place cash flow. Originally built in 1965, the property has benefited from major upgrades including copper plumbing supply lines, double-pane vinyl windows, new exterior paint, and renovated unit interiors featuring luxury vinyl plank flooring, updated tile work, and upgraded appliances. The property consists of one 2BR/1BA unit totaling approximately 1,195 SF and two spacious 3BR/1.5BA units averaging approximately 1,244 SF. Each residence offers fireplaces, formal dining rooms, large covered view decks, private in-unit laundry, and highly functional layouts that create a true single-family home feel. The upper two units enjoy panoramic Elliott Bay, Seattle skyline, and Mount Rainier views. The property also offers four dedicated parking stalls plus an attached two-car garage and is ideally located just moments from Bayview Park, Downtown Magnolia’s shops and restaurants, and convenient access to Downtown Seattle, South Lake Union, Queen Anne, Fremont, and Ballard.
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Additional Information
- List Date
- 2026-06-25 00:00:00
- Community
- Magnolia
- Net Operating Income
- $67,483
- Gross Adjusted Income
- $103,657
- Gross Scheduled Income
- $107,976
- Total Monthly Income
- $8,998
- Insurance Expenses
- $4,547
- Water/Sewer/Garbage Expenses
- $7,076
- Gross Rent Multiplier
- 12.5
- Total Expenses
- $36,174
- Cap Rate
- 5
- Vacancy Rate
- 4
- Total Number of Units
- 3
- Unit Name
- 2215
- Potential Terms
- Cash, Conventional
- Year Built
- 1965
- View
- City, Mountains, Sound, Territorial
- Roof
- Flat
- Site Features
- Deck
- Other Expenses
- 8250
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $8,998
- Gross Scheduled Income
- $107,976
- Vacancy Rate
- 4
- Gross Adjusted Income
- $103,657
- Tax Year
- 2026
- Insurance Expense
- $4,547
- W/S/G Expenses
- $7,076
- Total Expenses
- $36,174
- Net Operating Income
- $67,483
- Gross Rent Multiplier
- 12.5
- Cap Rate
- 5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.