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Listings/Magnolia Triplex
Magnolia Triplex
Executive Summary
Magnolia 3 is a rare opportunity to invest in one of Seattle’s most desirable neighborhoods.
From the small-town vibe of Magnolia Village to outdoor adventures in Discovery Park, Magnolia’s neighborhood character has largely been insulated from Seattle’s development boom, while still providing easy access to the region’s top employers.
A classic triplex rounds out the investment, with value-add opportunities and favorable financing options for owner occupants and investors.
Site Details
Development Details
Investment Opportunity
Location
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About the Area
Surrounded by water on three sides, this peninsula neighborhood feels like an escape from the city without having to hop on a freeway.
The small-town vibe, which has been protected from Seattle’s recent development boom, attracts families and young professionals alike seeking a peaceful place to call home.
Magnolia is anchored by Discovery Park, the largest park in Seattle. Once home to Fort Lawton, it now offers residents miles of trails, beach access, a play area, and even an outdoor classroom. At the western-most tip, the West Point Lighthouse has guided ships into Elliott Bay since 1881.
Magnolia 3 benefits from easy access to bourgeoning retail along 15th Avenue West in the Interbay neighborhood, as well as the Magnolia Village if you choose to stay west of the railroad tracks. The Village is home to the Magnolia Farmers Market during the summer, everyday staples for running errands, and local favorites with international flavor, such as Mondello Ristorante Italiano and the Petit Pierre Bakery.
$108,800
Average Income (0.5 Mile)
37.6
Median Age (0.5 Mile)
7,310
Current Population (0.5 Mile)
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Exclusive Listing Brokers
Colliers International WA LLC is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of the Magnolia Triplex.
