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Four-Unit Multifamily Property
For Sale
$1,228,888

2657 Thorndyke Ave W, Seattle, WA 98199

Three units are leased, while one remains vacant for showing and leasing flexibility.

Property SizeContact for details
Days on Market13

Property Features for 2657 Thorndyke Ave W

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Residential Income
Zoning LR3(M)

Taxes and HOA fees

Annual Taxes $10,018

Amenities

on-site laundry
shared backyard area

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Realogics Sotheby's Int'l Rlty
Listed By: Demetre Skepetaris
Source: Exprealty
Added: Jul 30 Changed: Aug 8 Last Checked: Aug 10 at 9:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realogics Sotheby's Int'l Rlty

Investment Insights

Based on property information with market context.

This four-unit multifamily property at 2657 Thorndyke Ave W includes four dedicated off-street parking stalls, on-site laundry, and a shared backyard. Three units are leased, and Unit 3 is being kept vacant to accommodate showings and provide immediate leasing flexibility. The property’s rental history includes long-term tenancies and limited turnover, with several rents positioned below current market levels according to the available information.

The property is located in Seattle’s Magnolia neighborhood near Magnolia Village, Discovery Park, Queen Anne, Ballard, and Downtown Seattle. Nearby amenities include neighborhood retail, restaurants, parks, transit, and major employment centers. Zoned LR3(M), the property may support future redevelopment or value-add plans subject to buyer review and applicable City of Seattle requirements. Tenant contact should be avoided.

Key Highlights

  • Four‑unit property with one unit intentionally vacant for showings and leasing flexibility
  • Three units currently leased
  • Four dedicated off‑street parking stalls, with one assigned to each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market Carpet & Flooring Store Barber Shop Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

661
Businesses Nearby

Demographics for 98199, WA

22,549
Population
10,737
Households
2.1
Avg Household Size
39
Median Age
77%
College-Educated
99%
High-School Grad
4.2 sq mi
ZIP Area
5,369
Density / Sq Mi
$176,729
Median Household Income
$99,361
Median Earnings
$2,461
Median Rent
$1,160,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Three units are leased, while one remains vacant for showing and leasing flexibility.
Where is this quadplex located?
The property is located at 2657 Thorndyke Ave W Seattle, WA.
What is the asking price?
The asking price for this property is $1,228,888.
What are key features of this property?
This property features: Four‑unit property with one unit intentionally vacant for showings and leasing flexibility; Three units currently leased; Four dedicated off‑street parking stalls, with one assigned to each unit
More about this property
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