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Listed by:Paragon Real Estate Advisors • Nick Hemming
$2,925,000
Est. payment /mo
14 Beds
14 Baths
9,142 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,142 sqft
Price per Sqft $319
Subdivision Magnolia
MLS Listing ID 2578716
Style 55 - 5-9 Units
Bedrooms 14
Year Built 1968
Annual Tax Amount $26,776
Lot Size 6,881 Sqft
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a 7-unit apartment building featuring exceptionally large, condo-sized residences in Seattle's desirable Magnolia neighborhood. Each unit offers approximately 1,300 SF with 2 bedrooms and 1.75 bathrooms, providing floor plans and living space rarely found in comparable rental properties. Originally constructed as part of the Eldorado Block condominium development, the units feature wood-burning stone fireplaces, in-unit washers and dryers, spacious primary suites with walk-in closets, exterior-vented range hoods and generous storage. The building has benefited from numerous improvements over the years, including updates to plumbing, electrical, roofing, siding, decks and windows. A unique opportunity to acquire an apartment asset with true condo-sized units and amenities that differentiate it from the surrounding rental market.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Engineered Hardwood, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Stone, Wood Products
Garage Spaces 1.0
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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