Magnolia 22-Unit
2600 Thorndyke Ave W, Seattle, WA 98199
Property Type Multi-family
Price 2,800,000
Status Active
Property Highlights:
- 22 units in a core Seattle submarket at $127,273 per unit and $350 per square foot
- 7.2% cap rate at a market rent of $1,295 per unit
- Utilities not billed back to tenants; a recapture program adds income
- Priced below the 2026 King County assessed value of $4,045,100
- 10 open parking stalls, 24 storage units, common laundry and a barbecue area
- 21,860 square foot LR3 (M) lot at $128 per square foot of land
- Adjoining parcels at 2618 and 2626 Thorndyke Ave W are also available
- Minutes from Magnolia Village, Discovery Park and the RapidRide D Line
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