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.
| MLS # | 2578716 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 16 |
| Listing Provided By | Paragon Real Estate Advisors | Nick Hemming |
| SQ Feet | 9,142 |
|---|---|
| Garage | 1 |
| Car Port | Yes |
| Story(s) | 4 |
| Units | 7 |
| Zoning | Multi-Family |
| Acreage | 0.16 |
| Property | 26776 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98199 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Magnolia |
| Listing VS Median (in Magnolia) | |
Price: $2,925,000 low | high Med: $939,500 sqft: 9,142 low | high Med: 1,526 $ / sqft: $320 low | high Med: $671 On site: 16 low | high Med: 56.5 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98199 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Magnolia |
| Listing VS Median (in Magnolia) | |
Price: $2,925,000 low | high Med: $939,500 sqft: 9,142 low | high Med: 1,526 $ / sqft: $320 low | high Med: $671 On site: 16 low | high Med: 56.5 | |
![]() | $1,750,0004051 Gilman AvenueSeattle, WA 98199 |
![]() | $1,750,0004051 Gilman AvenueSeattle, WA 98199 |