2600 2634 Thorndyke Ave W, Seattle, WA
44 bd · 41 ba · 25,724 sqft Multi-Family listed at $8,325,000, built in 1947 in the Magnolia neighborhood.
About this home
Opportunities are Abundant! The Magnolia Portfolio offers a new investor the ability to acquire a 5 building assemblage suitable for a value add opportunity located in a core Seattle area. The current arrangement offers 41 residential units plus 2 commercial spaces and a single family house. All together the assemblage represents 48,462 square feet of LR3 (M) zoned dirt. The property is suitable for immediate development as multiple asset types depending on need allowing a new owner to operate the assets "as is" while navigating the permit process to maintain cash flow.
Property details
- Price
- $8,325,000
- Bedrooms
- 44
- Bathrooms
- 41
- Interior
- 25,724 sqft
- Price / sqft
- $324
- Year built
- 1947
- Lot size
- 1.11 acres
- Type
- Multi-Family
- Days on market
- 187
- Est. property tax
- $77,423/yr · $6,452/mo · 0.93% WA avg
- Last sold
- $750,000 · Jun 1989
Estimated monthly payment
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Price history
▼ 10%Most recent change on 2026-02-25: $9,250,000 → $8,325,000.
- Feb 25, 2026$8,325,000Price change
- Oct 20, 2025$9,250,000Initial list price
- Jun 14, 1989$750,000Sold
Location
This home is located in Seattle, WA. Browse more Seattle listings on the Seattle market page or explore the full Seattle market report.
Home Intelligence
Neighborhood (zip 98199)
This neighborhood is highly educated (41% hold a bachelor's degree). Median age is 39.8; 61% of homes are owner-occupied; median household income is $168,132.
- Median income
- $168,132
- Median age
- 39.8
- Owner-occupied
- 61.1%
- Bachelor's degree
- 40.7%
- Census median home value
- $1,117,900
Source: US Census Bureau American Community Survey 5-year estimates.
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