Magnolia Homes with 54 - 4-Plex Style

Welcome to Magnolia, a hidden gem nestled in the heart of Seattle, Washington. This picturesque neighborhood is characterized by its lush greenery, stunning waterfront views, and a strong sense of community. Known for its serene parks and family-friendly atmosphere, Magnolia offers an idyllic escape from the hustle and bustle of urban life while still being conveniently close to downtown Seattle.

Magnolia is home to a diverse range of architectural styles, but one of its standout features is the charming 4-plex homes that dot the landscape. These unique properties not only provide an excellent opportunity for multi-generational living but also serve as an attractive investment option for those looking to capitalize on the thriving rental market in Seattle. With the ability to house multiple families or tenants, these homes offer both comfort and flexibility, making them perfect for anyone from young professionals to growing families.

Residents of Magnolia enjoy access to beautiful parks such as Discovery Park, which boasts miles of trails, sandy beaches, and breathtaking views of Puget Sound and the Olympic Mountains. The neighborhood is well-connected to the rest of Seattle, with easy access to public transportation and major highways, allowing for a seamless commute to work or play.

With its vibrant community spirit, stunning natural beauty, and a variety of housing options, Magnolia is truly a wonderful place to call home. Whether you’re looking for a cozy 4-plex or simply want to explore this enchanting neighborhood, Magnolia invites you to experience the best of Seattle living.

Newest Magnolia Homes with 54 - 4-Plex Style

$1,228,888

2562308 MLS ⋅ ACTIVE Status

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 stalls—one for each unit—on-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.

2657 Thorndyke Avenue W, Seattle

Listing courtesy of Realogics Sotheby's Int'l Rlty.

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