Listed by Paragon Real Estate Advisors
$2,925,000

Estimated payment $18,370/month

14 Beds
14 Baths
9,142 Sq Ft
$320 Price per Sq Ft

Highlights

  • Engineered Wood Flooring
  • No HOA
  • Wood Siding
  • Lawton Elementary School Rated A
  • Baseboard Heating
  • 5-minute walk to Lawton Park

About This Home

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.

Listing Agent

Nick Hemming

Paragon Real Estate Advisors License #120684 Listed on: 09/08/2026

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2578716

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,776

Year Built

  • Built in 1968

Parking

  • 1 Car Garage

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Stone Siding
  • Wood Composite
  • Stone

Interior Spaces

  • 9,142 Sq Ft Home
  • 4-Story Property

Flooring

  • Engineered Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Additional Features

  • 6,881 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5036301000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,776

Year Built

Built in 1968

Lot Details

6,881 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1968
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 9142
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 14
  • Fireplace: No
  • Flooring: Engineered Hardwood, Vinyl, Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Construction Type: Stone, Wood
  • Exterior Features: Stone, Wood Products
  • Foundation Details: Poured Concrete

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Covered Parking Spaces: 7
  • Garage Spaces: 1
  • Open Parking: No
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5036301000
  • Lot Size Acres: 0.158
  • Lot Size Sq Ft: 6881
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false
  • GrossRentMultiplier: 10.8
  • LeasedItems: None
  • TotalMonthlyIncome: 19540

Tax Info

  • Year: 2026
  • Tax Annual Amount: 26776

Multi Family

  • Number Of Units Total: 7
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2578716

Northwest Multiple Listing Service (NWMLS)
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