3600 25th Avenue W, Seattle, WA 98199
- $2,925,000
- 9,142
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $2,925,000
- Status
- ACTIVE
- MLS#
- 2578716
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 9,142
- Area Total SqFt
- 9142
- Annual Tax Ammount
- 26776
- Lot Size (sq ft)
- 6,881
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-09-08 19:58:12
- Community
- Magnolia
- Net Operating Income
- $158,675
- Gross Adjusted Income
- $225,101
- Gross Scheduled Income
- $234,480
- Total Monthly Income
- $19,540
- Insurance Expenses
- $7,700
- Water/Sewer/Garbage Expenses
- $13,500
- Gross Rent Multiplier
- 10.8
- Total Expenses
- $66,426
- Cap Rate
- 5.42
- Vacancy Rate
- 4
- Total Number of Units
- 7
- Unit Name
- 3600
- Potential Terms
- Cash, Conventional
- Year Built
- 1968
- Roof
- Flat
- Other Expenses
- 18450
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $19,540
- Gross Scheduled Income
- $234,480
- Vacancy Rate
- 4
- Gross Adjusted Income
- $225,101
- Tax Year
- 2026
- Insurance Expense
- $7,700
- W/S/G Expenses
- $13,500
- Total Expenses
- $66,426
- Net Operating Income
- $158,675
- Gross Rent Multiplier
- 10.8
- Cap Rate
- 5.42
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.