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Seattle, WA, 98199 • Interbay • King County
$381/sqft
9Beds
7Baths
3,409Sqft
0.25 acLot
1955Built
5-9 Units Style
Built 1955 · 71 years of history
Magnolia
Interbay
This home is getting attention
Listed 41 days ago · 588 views · 14 saves
Demand and pricing signals for this listing
588 views
People checking out this listing
14 saves
Buyers have saved this home
41 days on market
Established listing
$381/sqft
Price per square foot
Multi Family · Built 1955
7-unit apartment building (6 units + 1 non-conforming) located in Seattle’s highly desirable Magnolia neighborhood. The property sits on an oversized 11,000 square foot LR3 (M) zoned lot, offering investors a rare combination of significant operational upside, long-term redevelopment optionality, and premium location fundamentals. The asset is currently 48% below market rents and 76% below renovated market rents, creating immediate and meaningful upside through a systematic renovation and lease-up strategy. Investors can capitalize on strong in-place demand while preserving future development flexibility under favorable zoning. Additionally, four adjacent properties are also available for sale, providing a compelling assemblage opportunity for developers or long-term holders seeking scale.
Based on current rates
Est. 6.18% rate · 30yr fixed · $1,040,000 loan
Full calculator →Key facts and listing details
4 categories of property features
Market data and value estimates
3 schools rated nearby
Seattle, WA, 98199
1 event
Local context around this listing
Seattle, WA • King County
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Based on information submitted to the MLS GRID as of 2026-04-06 23:54:20 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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