About this home

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.

Exterior features

StoneWood Products

Property details

Heating: Baseboard
Cooling: None
Flooring: Engineered Hardwood, Vinyl, Carpet
Sewer: Sewer Connected

Costs

Annual taxes: $26,776 (2026)

Estimate your monthly payment

$17,022/mo

Principal & interest: $14,790
Property taxes: $2,231

Down payment (20%) $585,000 Interest rate (%) Loan term (years)

Loan amount $2,340,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98199

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Paragon Real Estate Advisors— Nick Hemming.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.