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Listed by: Dea Sumantri (206) 773-2680 , Candice Chevaillier (206) 773-2696 | Lee & Associates Commercial RE (206) 773-2696
$2,295,000
Monthly Est:$11,423
13 Beds
8 Baths
--sqft
3510 W Elmore St, Seattle, WA 98199
$2,295,000
$11,423/moEst:
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Multi Family
Built in 1968
$-- HOA
6,960 sqft lot
--/sqft
Description
We are pleased to present Twin Cedars Apartments, an 8-unit apartment built in 1968 in Seattle’s coveted Magnolia neighborhood, within steps of Discovery Park. The building offers 31BD averaging 732SF and 5 2BD averaging 967SF, with efficient floor plans. With 2BD units comprising 63% of the building, the unit mix is squarely aligned with the unit type that drives the strongest tenant demand and longest retention across Seattle’s rental market. _of the 8 units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation. Roof replaced and cedar siding resided in 2020 keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one. Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner’s bottom line, and a stable, long-tenured tenant base reflects both the building’s quality and the neighborhood’s enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute.
- Houzeo last checked: 12 hours ago
- Listing updated: September 22, 2026 at 6:39 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2537323
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1968
HOA Fees
-
Finished Area
- sqft
Lot Size
6,960 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2537323
MLS Status
Active
Days on Market
114
Cumulative Days on Market
114
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 13
Bathrooms: 8
Interior
Flooring
Vinyl Plank
Exterior Features
Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1968
Home type
Multi Family
Roof
Composition, Flat, Torch Down
Property Condition
Very Good
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Alley, Dead End Street, Paved
Subdivision Name
Magnolia
Price History
| Date | Event | Price |
|---|---|---|
06/09/2026 Source: | Price Decreased | $2,295,000 -4.38% $0/sqft |
06/09/2026 Source: | Listed for Sale | $2,400,000 $0/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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