Active · Residential Income

2707 W Jameson Street , Seattle, WA 98199

Seattle, WA 98199

$2,180,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Westlake Associates, Inc. · MLS #2565089 · Active

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About this property

Constructed in 1966, this well-maintained eight-unit apartment community features quality wood-frame construction with a durable marblecrete exterior. Ideally situated in Seattle’s highly sought-after Magnolia neighborhood, the property has historically maintained exceptionally low vacancy, driven by its premier location and strong tenant demand. The Magnolia 8-Unit Apartments offer investors an attractive value-add opportunity through the ability to increase below-market rents as units turn over, while also presenting the potential to add a legal ninth apartment unit (buyer to verify). The property’s desirable unit mix consists of five one-bedroom/one-bath units and three two-bedroom/one-bath units, along with seven on-site parking spaces and ample unrestricted street parking. Ownership has completed several meaningful capital improvements, including a full tear-off roof replacement. The building is also serviced by copper plumbing, providing long-term durability and minimizing future maintenance costs. Combining a prime Magnolia location, stable occupancy history, and clear upside potential, this offering represents an exceptional opportunity to acquire a quality multifamily asset in one of Seattle’s most established and supply-constrained neighborhoods.

Property details

Property type: Multi Family
Year built: 1966
Lot size: 6,300 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $21,806 (2026)
Parking spaces: 7
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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