Listing provided courtesy of Paragon Real Estate AdvisorsNWMLSas Distributed by MLSGrid- MLS# NWM2536846MLS Provider

2600 -2626 Thorndyke Avenue WSeattle, WA 98119

Multi-Family · 35 Beds · 17,406 Sq. ft. | 0.79 Acres
$6,225,000 Active

2600 -2626 Thorndyke Avenue W Overview

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The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.

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2600 -2626 Thorndyke Avenue W Facts & Features

  • Type Multi-Family
  • Sq. ft. 17,406
  • Price/Sq.ft. $358
  • Lot 0.79 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle

Income/Expenses

  • Other Expense: 99864
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 600000
  • Insurance Expense: 27250
  • Net Operating Income: 327733
  • Total Expenses: 242267
  • Total Monthly Income: 59650
  • Water/Sewer/Garbage: 51154

Building Information

  • New Construction: No
  • Year Built: 1954

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 700 - Queen Anne/Magnolia
  • Subdivision Name: Magnolia

Tax Information

  • Tax Annual Amount: $63,999.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 2771104250
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 17406
  • Building Area Units: Square Feet
  • Calculated Square Footage: 17406
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Yes
  • Leasable Area: 17406
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 14
  • Parking Uncovered Total: 14

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.7865
  • Lot Size Square Feet: 34262
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition, Flat
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: See Remarks
  • Number Of Units Total: 31
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 7 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 8 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 9 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 10 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 11 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 12 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 13 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 14 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 15 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 16 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 17 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 18 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 19 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 20 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 21 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 22 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 23 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 24 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 25 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 26 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 27 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 28 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 29 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 30 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 31 Details

  • Beds Total: 2
  • Baths Total: 1

2600 -2626 Thorndyke Avenue W Neighborhood

Community

98119 (Seattle) Demographics

34
Median Age
8,814
Population Density (per sq. mile)
81%
College Educated
$93,014
Estimated Median Income
5,636
Estimated Total Home Owners
8,126
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2600 -2626 Thorndyke Avenue W Monthly Cost

$
$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2600 -2626 Thorndyke Avenue W Market Data

Based on the last 30 days in this zip code

$1,068,169
Average List Price
$676
Average Price per Square Foot
23
Properties Sold
74
Average Days on Market
138
Properties for Sale
Calculations provided by Reliance Network

2600 -2626 Thorndyke Avenue W History

Date Event Value Agent
6/8/2026Source: NWMLS Added to Database
June 08, 2026