No photo available
$8,325,000 Just Listed
Property Description
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
Full Property Details for 2600 2634 Thorndyke Ave W
General
- Price: $8,325,000
- Taxes: $87,742 (2025)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2536854
- Updated: 6/8/2026
- Added to Site: 3 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Parking
- Garage Spaces: 1
- Carport Spaces: 2
- Covered Spaces: 3
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, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 2771104250
Listed by Michael Urquhart | Paragon Real Estate Advisors | (206) 623-8880 and Brian D. Platt | Paragon Real Estate Advisors | (206) 623-8880
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 2600 2634 Thorndyke Ave W
School District:Seattle School District
| Name | Grades | Distance |
|---|---|---|
Magnolia Elementary School 2418 24th Avenue West, Seattle, WA 98199 | PK-5 | 0.3 mi |
Mcclure Middle School 1915 1st Avenue West, Seattle, WA 98119 | 6-8 | 1.3 mi |
Ballard High School 1418 Northwest 65th Street, Seattle, WA 98117 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2600 2634 Thorndyke Ave W
Date
Details
Price
Change
Source
6/08/2026
Listed
$8,325,000
1565%
MLS
12/23/2005
Sold
$500,000
—
Public Record
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
Tax History for 2600 2634 Thorndyke Ave W
Year
Property Taxes
Change
Tax Assessment
Change
2026
$7,914
15%
$734,400
8%
2024
$6,886
11%
$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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2600 2634 Thorndyke Ave W
2600 2634 Thorndyke Avenue W, Seattle, WA 98199 (MLS# 2536854) is a Multi-Family property with 43 units containing 0 bedrooms and 0 full bathrooms. 2600 2634 Thorndyke Avenue W is currently listed for $8,325,000 and was received on June 08, 2026. Want to learn more about 2600 2634 Thorndyke Avenue W? Do you have questions about finding other Multi-Family real estate for sale in Broadway? You can browse all Broadway real estate or contact a Coldwell Banker agent to request more information.
