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Bob Failing

bobfailing@johnlscott.com +1(702) 768-8760

Listed by:Realogics Sotheby's Int'l Rlty • Demetre Skepetaris

$ 1,228,888

Est. payment | -/mo

7 Beds

4 Baths

2,880 SqFt

Save

$ 1,228,888

Est. payment | -/mo

Save

7 Beds

4 Baths

2,880 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $426

Subdivision Magnolia

MLS Listing ID 2562308

Style 54 - 4-Plex

Bedrooms 7

Year Built 1959

Annual Tax Amount $10,018

Lot Size 5,625 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Patio

View Y/N Yes

View Golf Course, Territorial

Roof Type Flat

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

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Bob Failing

REALTOR® | Lic# 140853

bobfailing@johnlscott.com

+1(702) 768-8760

1954 SE Lund Ave, Port Orchard, WA 98366

2657 Thorndyke AVE W Seattle, WA 98199

Bob Failing

Key Details

Location

Interior

Exterior

Building

Schools

Others

2657 Thorndyke AVE W