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    2600-2634 Thorndyke Ave W Seattle, WA 98199

    For Sale
    $9,250,000

    Five-building assemblage with 41 residential units, 2 commercial spaces.

    Property size:
    25,724 SF
    Lot size:
    1.11 Acres

    Property Features for 2600-2634 Thorndyke Ave W

    General Information

    Size
    25,724 SF
    Lot size
    1.11 Acres

    Source: Paragon Real Estate Advisors Agent Michael Urquhart

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seattle Multifamily and Retail Portfolio

    The Magnolia Portfolio comprises five buildings, presenting an opportunity to acquire a value-add asset in Seattle. The assemblage includes 41 residential units, two commercial spaces, and a single-family house. The property encompasses 48,462 square feet of LR3 (M) zoned land. With a total property size of 25,724 square feet, the property is suitable for immediate development as multiple asset types. The current arrangement allows a new owner to operate the assets while navigating the permit process to maintain cash flow.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3838636
    Latitude
    47.6433097

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    FAQs

    What type of property is this?
    Apartment building - Five-building assemblage with 41 residential units, 2 commercial spaces.
    Where is this apartment building located?
    The property is located at 2600-2634 Thorndyke Ave W Seattle, WA.
    What is the asking price?
    The asking price for this property is $9,250,000.
    What are key features of this property?
    This property features: - Value-add opportunity with **41 residential units, 2 commercial spaces, and a single-family house.**; - Assemblage of **5 buildings totaling 48,462 square feet** in a core Seattle area.; - LR3 (M) zoning allows for multiple asset types and immediate development potential.
    (206) 812-9123
    Request Owner's contact information
    2600-2634 Thorndyke Ave W Seattle, WA 98199
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2600-2634 Thorndyke Ave W Seattle, WA 98199
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