2600 Thorndyke AVE W, Seattle, WA 98199
2600 Thorndyke AVE W, Seattle, WA 98199
2600 Thorndyke AVE W, Seattle, WA 98199
18
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Listed by:Paragon Real Estate Advisors • Michael Urquhart
$2,800,000
Est. payment /mo
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22 Beds
22 Baths
7,990 SqFt
New

2600 Thorndyke AVE W Seattle, WA 98199

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Adrian Chu

Adrian Chu

+1(206) 407-5452

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,990 sqft

Price per Sqft $350

Subdivision Magnolia

MLS Listing ID 2593827

Style 56 - 10+ Units

Bedrooms 22

Year Built 1954

Annual Tax Amount $32,756

Lot Size 0.502 Acres

Property Sub-Type Multi Family

Property Description

This well located 22-unit apartment building sits on a 21,860 square foot LR3 (M) zoned lot in Seattle's Magnolia neighborhood. On the market for the first time in 40 years the building was built in 1954 and offers 22 open one-bedroom units, a common laundry room, 24 storage units, 10 open parking stalls and a community barbecue area. Property has been self-managed for decades, and current rents are well below the market for a small one-bedroom in this submarket, giving a buyer room to add income on turnover. The lot is also a covered land play: a Cone Architecture feasibility study lays out 14 townhomes on this parcel alone, or about 30 across this parcel and the adjoining parcels at 2618 and 2626 Thorndyke Ave W, which are also available. Residents are minutes from Magnolia Village, Discovery Park, Fishermen's Terminal and the Interbay employment corridor, with 15th Ave W, the RapidRide D Line and the Ballard Bridge close by.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Engineered Hardwood, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Stucco, Wood, Wood Products

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Adrian Chu

Adrian Chu

Founder & CEO

+1(206) 407-5452

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2600 Thorndyke AVE W