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$9,250,000

  • For Sale
  • Active
  • Multi-Family

Listed by Michael Urquhart | Paragon Real Estate Advisors | (206) 623-8880 and Ben Douglas | Paragon Real Estate Advisors | (206) 623-8880

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Opportunities are Abundant! The Magnolia Portfolio offers a new investor the ability to acquire a 5 building assemblage suitable for a value add opportunity located in a core Seattle area. The current arrangement offers 41 residential units plus 2 commercial spaces and a single family house. All together the assemblage represents 48,462 square feet of LR3 (M) zoned dirt. The property is suitable for immediate development as multiple asset types depending on need allowing a new owner to operate the assets "as is" while navigating the permit process to maintain cash flow.

Full Property Details for 2600 2634 Thorndyke Ave W

General

  • Price: $9,250,000
  • Taxes: $87,742 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2446245
  • Updated: 10/20/2025
  • Added to Site: 90 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Parking

  • Carport Spaces: 2
  • Covered Spaces: 1
  • Uncovered Spaces: 17

Location

  • Area: 700 - Queen Anne/Magnolia
  • County: King
  • Subdivision: Magnolia
  • Driving Directions: From I5 take exit for NE 80th. Left on 15th ave NW right on W Dravus. Left on 20th. Straight on Thorndyke. Property is on the left.

School Information

  • High School District: Seattle

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Cement/Concrete, Wood Products
  • Foundation: Poured Concrete
  • Roof: Flat
  • Stories in Building: 4
  • Square Feet: 25,724
  • Year Built: 1947

Unit Information

  • Units in Building: 43

Lot Features

  • Lot Size (Acres): 1.1125
  • Lot Size (Sq. Ft.): 48,462
  • Lot Size Source: Public Records

Financial Considerations

  • Tax Amount: $87,742
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2771104250

Listed by Michael Urquhart | Paragon Real Estate Advisors | (206) 623-8880 and Ben Douglas | Paragon Real Estate Advisors | (206) 623-8880

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NMLS#: 1598647

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Schools serving 2600 2634 Thorndyke Ave W

School District:Seattle School District
NameGradesDistance
Magnolia Elementary School
2418 24th Avenue West, Seattle, WA 98199
PK-50.3 mi
Mcclure Middle School
1915 1st Avenue West, Seattle, WA 98119
6-81.3 mi
Ballard High School
1418 Northwest 65th Street, Seattle, WA 98117
9-122.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2600 2634 Thorndyke Ave W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/20/2025
Listed
$9,250,000
1750%
MLS
12/23/2005
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2600 2634 Thorndyke Ave W

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,223
—
$683,100
16%
2024
$6,223
17%
$590,500
—
2022
$5,318
-17%
$590,500
—
2021
$6,371
—
$590,500
-7%
2021
$6,371
1%
$634,600
—
2020
$6,288
11%
$634,600
—
2019
$5,656
-6%
$634,600
7%
2018
$6,040
7%
$592,700
3%
2017
$5,639
6%
$572,900
9%
2016
$5,295
8%
$525,300
5%
2015
$4,915
-4%
$499,300
5%
2014
$5,133
—
$474,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Michael Urquhart | Paragon Real Estate Advisors | (206) 623-8880 and Ben Douglas | Paragon Real Estate Advisors | (206) 623-8880

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2600 2634 Thorndyke Avenue W, Seattle, WA 98199 (MLS# 2446245) is a Multi-Family property with 43 units containing 0 bedrooms and 0 full bathrooms. 2600 2634 Thorndyke Avenue W is currently listed for $9,250,000 and was received on October 20, 2025. Want to learn more about 2600 2634 Thorndyke Avenue W? Do you have questions about finding other Multi-Family real estate for sale in Interbay? You can browse all Interbay real estate or contact a Coldwell Banker agent to request more information.

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