Queen Anne/Magnolia Homes with 54 - 4-Plex Style

Welcome to the enchanting neighborhoods of Queen Anne and Magnolia, two of Seattle's most cherished gems nestled in the heart of King County, Washington. Known for their stunning views of the Puget Sound and the iconic Seattle skyline, these areas offer a unique blend of urban sophistication and serene suburban living.

Queen Anne is famed for its historic architecture, featuring beautifully preserved Victorian homes and charming tree-lined streets. This vibrant community is home to a variety of local boutiques, cafes, and parks, including the picturesque Kerry Park, which offers breathtaking panoramic views. Residents enjoy a rich cultural scene, with art galleries, theaters, and the renowned Seattle Center just a stone's throw away.

Meanwhile, Magnolia boasts a more tranquil atmosphere, surrounded by lush greenery and waterfront parks. This neighborhood is perfect for those who appreciate nature, with Discovery Park—the largest green space in Seattle—offering miles of trails and stunning beach access. Families are drawn to Magnolia for its excellent schools and tight-knit community vibe.

For those seeking investment opportunities, the real estate market in Queen Anne and Magnolia features a range of homes, including 4-plex styles that are ideal for multi-family living or rental income. These versatile properties offer the perfect blend of comfort and investment potential, allowing you to enjoy the best of both worlds. With their prime locations and charming neighborhoods, homes in this area are highly sought after, making it an ideal time to explore your options in these captivating Seattle communities. Come discover the unmatched lifestyle that Queen Anne and Magnolia have to offer!

Newest Queen Anne/Magnolia Homes with 54 - 4-Plex Style

$1,495,000

2585477 MLS ⋅ ACTIVE Status

We are pleased to present the 10th Ave W Fourplex in Seattle’s Queen Anne neighborhood. This offering presents a rare combination of immediate usability, flexible investment strategies, and future upside. Delivered vacant, the property is well suited for an owner occupant seeking to move in immediately while renovating or repositioning the remaining units over time. The property may also appeal to townhome developers evaluating the LR1 (M) zoning and 7,200 square foot lot for future redevelopment potential, subject to buyer verification. It features four individually metered residences with a unique mix of updated interiors, double pane windows offering sweeping views, and in unit washer and dryers. The units include hardwood flooring, stainless steel and white appliances, dishwashers, updated cabinetry, private deck access, and walk-in closet space. Recent improvements include a replacement water heater system completed in 2023 and electrical upgrades completed in conjunction with the water heater installation. The building also includes basement storage, seven parking spaces, and two garage spaces. With a blend of existing improvements and additional upside through continued interior modernization and operational review, the property presents investors with the opportunity to acquire a well located small multifamily asset in one of Seattle’s most established rental neighborhoods

1953 10th Avenue W, Seattle

Listing Broker: Lee & Associates Commercial RE; Dea Sumantri; 206-773-2680; dsumantri@lee-associates.com

$995,000

2582564 MLS ⋅ ACTIVE Status

The Dravus Fourplex consists of four thoughtfully configured units, including two studios, a 2BD/1BTH unit, and a 1BD/1BTH unit with a den. Each unit features in-unit W/D, vinyl plank flooring, and updated appliances. Select units have received more extensive renovations, including gray shaker cabinetry, quartz-style countertops, modern fixtures, and other contemporary finishes, while the remaining units have been updated over time as needed and maintained in good condition. The property is exceptionally well located, with Fremont just a five-minute walk across the Fremont Bridge, providing immediate access to the neighborhood’s restaurants, bars, retail, and entertainment. Opportunities to acquire a renovated and well-positioned fourplex in Queen Anne are increasingly rare. With the building’s major systems addressed, a new roof, renovated interiors, and strong proximity to Fremont and Queen Anne, the Dravus Fourplex offers an attractive combination of current income and future upside. Unit 3 has recently become vacant, creating an excellent owner-user opportunity for a buyer looking to occupy one unit while benefiting from rental income from the remaining three. The property is already operating well, while additional upside exists through the potential to implement utility bill-backs, providing a clear path to further increase income and improve overall operating performance.

1 Dravus Street, Seattle

Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-812-9108; Will@ParagonREA.com

$1,192,000

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 Broker: Realogics Sotheby's Int'l Rlty; Demetre Skepetaris; 206-910-6203; demetre@tomandrebecca.com

$4,200,000

2557146 MLS ⋅ ACTIVE Status

Queen Anne Jewel: Exceptional Four-Unit Investment or Grand Single-Family Conversion. Discover one of the finest real estate opportunities in Seattle’s most picture-perfect neighborhood. Perched in a premier Queen Anne location surrounded by multi-million dollar estates, this one-of-a-kind property offers breathtaking, unobstructed views of the Space Needle, Mt. Rainier, Elliott Bay, the Downtown Seattle skyline, and both the Cascade and Olympic mountain ranges. Currently configured as four meticulously upgraded units (three 2-bed/2.5-bath view units and one 1-bed/1-bath unit), every residence boasts premium appliances, private balconies, gas fireplaces, and in-unit laundry. While it serves as a high-performing luxury income asset, the property also presents a rare and incredible opportunity to convert the structure back into a singular, world-class grand estate. Located just down from iconic Kerry Park and welcoming neighborhood dining, this versatile property is sold as-is. Buyer to investigate to their full satisfaction.

604 W Kinnear Place, Seattle

Listing Broker: Windermere RE West Campus Inc; Kari Roberts; 253-222-5235; kari@kariroberts.com

$975,000

2519144 MLS ⋅ ACTIVE Status

First time on the market in 33 years, and it shows. This turnkey West Queen Anne fourplex has been quietly held under single ownership for over three decades and is ready for a new investor to step in and collect. Four one-bedroom units, hardwood floors throughout, dishwashers in every unit, and Unit 4 comes with its own in-unit washer and dryer. Large basement storage accessible to all tenants. Off-street parking and a fenced backyard round it out. Live in one and rent the rest, this is a classic owner-occupy setup in one of Seattle's strongest residential neighborhoods. Queen Anne continues to command premium rents, attract long-term tenants, and hold its value through every market cycle. Current rents are below market with a clear upside path to $6,980/month. Zoned LR3(M) with long-term redevelopment optionality and potential to convert existing space into additional units, a value-add angle that is increasingly rare to find in this submarket. Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand. Priced at $262,500 per unit — bring your buyers.

2258 14th Avenue W, Seattle

Listing Broker: Westlake Associates, Inc.; Reid Jones; 206-505-9401; reid@westlakeassociates.com

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