Listed by Michael Urquhart, Paragon Real Estate Advisors
- 25,724
- Square feet
- $324
- Per sq ft
- Multi Family
- Type
- 1947
- Year built
- 48,462 sq ft
- Lot
- 259
- Days on market
About this property
Opportunities are Abundant! The Magnolia Portfolio offers a new investor the ability to acquire a 5 building assemblage suitable for a value add opportunity located in a core Seattle area. The current arrangement offers 41 residential units plus 2 commercial spaces and a single family house. All together the assemblage represents 48,462 square feet of LR3 (M) zoned dirt. The property is suitable for immediate development as multiple asset types depending on need allowing a new owner to operate the assets "as is" while navigating the permit process to maintain cash flow.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2536854
- Listed
- June 8, 2026
- Days on market
- 259 (includes a prior listing period)
- Price per sq ft
- $324
Unit & building
- Stories in building
- 4
- Units in building
- 43
Parking
- Covered spaces
- 3
- Total spaces
- 3
Construction
- Year built
- 1947
- Style
- 56 - 10+ Units
- Structure
- Multi Family
- Roof
- Flat
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- VinylCarpet
Lot
- Lot size
- 48,462 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Sewer
- Sewer Connected
Schools
- District
- Seattle
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Multi Family
- Flat
- Baseboard
- None
- Electric
- Vinyl
- Carpet
- Cash
- Conventional
- Sewer Connected
Listing history
Listed
$8,325,000
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
$48,479
- Principal & interest
- $42,096
- Property tax (est.)
- $6,383
Assumes $1,665,000 down (20%), a $6,660,000 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 July 13, 2026 at 11:15 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.