Active · Residential

3456 23rd Avenue W, Seattle, WA 98199

Seattle, WA 98199

$775,000

4 bedrooms · 2 bathrooms · 2,080 sq ft

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Listing provided by RexMont Real Estate · MLS #2578926 · Active

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About this property

BUILDER, DEVELOPER & INVESTOR OPPORTUNITY IN MAGNOLIA! Bring your vision & unlock the potential of this LR1(M)-zoned property offering multiple paths to create value in one of Seattle’s most desirable & established neighborhoods. Renovate & reposition the existing residence for a compelling flip, transform it into a long-term investment, or explore redevelopment opportunities under Seattle’s Lowrise Multifamily zoning. The existing home provides a substantial footprint w/walls of windows, abundant natural light, territorial views & a flexible layout featuring 2 bedrooms on the main + 2 on the lower level. Separate lower-level entrance adds versatility for future use, while Trex decking, patio, fenced yard & driveway parking for up to 4 vehicles provide additional upside. For builders & investors, the opportunity is the combination of multifamily zoning, existing improvements & a Magnolia location where finished housing commands attention. Create value through renovation or evaluate a new vision for the site—the optionality is the story. Minutes to Fishermen’s Terminal, Discovery Park, Ballard, Queen Anne, Downtown Seattle, shopping, dining & major commuter routes. FIX IT. FLIP IT. HOLD IT. REDEVELOP IT. An opportunity to manufacture value rather than pay retail for someone else’s finished project. Sold AS-IS. Buyer

Property details

Property type: Single Family Residence
Year built: 1911
Lot size: 3,750 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $9,051 (2025)
Parking spaces: 4
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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