Listed by Michael Urquhart, Paragon Real Estate Advisors
- 17,406
- Square feet
- $358
- Per sq ft
- Multi Family
- Type
- 1954
- Year built
- 34,262 sq ft
- Lot
- 176
- Days on market
About this property
The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2536846
- Listed
- June 8, 2026
- Days on market
- 176 (includes a prior listing period)
- Price per sq ft
- $358
Unit & building
- Stories in building
- 3
- Units in building
- 31
Parking
- Total spaces
- 14
Construction
- Year built
- 1954
- Style
- 56 - 10+ Units
- Structure
- Multi Family
- Roof
- CompositionFlat
Heating & cooling
- Heating
- See Remarks
- Cooling
- None
- Energy source
- Electric
Lot
- Lot size
- 34,262 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Sewer
- Sewer Connected
Schools
- District
- Seattle
What stands out to you?
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- Multi Family
- Composition
- Flat
- See Remarks
- None
- Electric
- Cash
- Conventional
- Sewer Connected
Listing history
Listed
$6,225,000
June 8, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$36,250
- Principal & interest
- $31,477
- Property tax (est.)
- $4,773
Assumes $1,245,000 down (20%), a $4,980,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of August 28, 2026 at 12:00 PM PDT. 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.