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Listed by: Chad Michael Martini (206) 321-3226 , David W Petersen (206) 300-8909 | Westlake Associates, Inc. (206) 505-9400
$4,200,000
Monthly Est:$20,905
18 Beds
13 Baths
9,420sqft
2515 Thorndyke Ave W, Seattle, WA 98199
$4,200,000
$20,905/moEst:
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Multi Family
Built in 1959
$-- HOA
10,492 sqft lot
$446/sq.ft
Description
Constructed in 1959 and comprehensively renovated in 2016, The Edge Apartments is an exceptional 13-unit apartment community offers investors a rare opportunity to acquire a stabilized, turn-key asset in one of Seattle's most desirable rental markets. The extensive renovation modernized the property throughout, including updated plumbing and electrical systems, creating a low-maintenance investment with strong in-place cash flow and long-term ownership appeal. The property consists of 8 one-bedroom and 5 two-bedroom apartments, each designed with finishes that today's renters value. Every unit features quartz countertops, stainless steel appliances, in-unit washers and dryers, and contemporary LVT flooring in the common areas. Select apartments include fireplaces, while the top-floor residences enjoy private balconies with peek-a-boo views of the Seattle skyline and Puget Sound. Residents also benefit from a spacious second-floor patio with a community grill, providing an attractive outdoor gathering space that enhances the tenant experience. The property offers an attractive value-add component through ten individual secured garage and storage spaces. Currently generating approximately $10,800 in annual income, these oversized garages provide immediate supplemental revenue with meaningful upside through rent increases to market rates. The property is well-positioned to capitalize on continued tenant demand for secure parking and storage.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 1:38 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2566437
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1959
HOA Fees
-
Finished Area
9,420 sqft
Lot Size
10,492 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2566437
MLS Status
Active
Days on Market
55
Cumulative Days on Market
55
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 18
Bathrooms: 13
Interior
Flooring
Vinyl Plank, Carpet
Exterior Features
Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1959
Home type
Multi Family
Roof
Flat
Construction Materials
Wood
Other Features
Lot Features
Paved, Sidewalk
Subdivision Name
Magnolia
Price History
| Date | Event | Price |
|---|---|---|
08/07/2026 Source: | Listed for Sale | $4,200,000 -3.45% $446/sqft |
08/07/2017 Source: | Sold | $4,350,000 $462/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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