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Listed by: Demetre Skepetaris (206) 910-6203 | Realogics Sotheby's Int'l Rlty (206) 538-0730
$1,192,000
Monthly Est:$5,933
7 Beds
4 Baths
2,880sqft
2657 Thorndyke Ave W, Seattle, WA 98199
$1,192,000
$5,933/moEst:
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Multi Family
Built in 1959
$-- HOA
5,625 sqft lot
$414/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 1:36 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2562308
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1959
HOA Fees
-
Finished Area
2,880 sqft
Lot Size
5,625 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2562308
MLS Status
Active
Days on Market
63
Cumulative Days on Market
63
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Interior
Flooring
Laminate, Carpet
Exterior Features
Wood, Wood Products
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1959
Home type
Multi Family
Roof
Flat
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Magnolia
Price History
| Date | Event | Price |
|---|---|---|
07/30/2026 Source: | Price Increased | $1,228,888 +3.09% $427/sqft |
07/30/2026 Source: | Listed for Sale | $1,192,000 $414/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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