Magnolia Place Apartments

Positioned in Seattle’s Magnolia sub-market, the location offers access to one of the city’s most established and residential neighborhoods. Magnolia is known for its quiet, community-oriented character, convenient connections to Downtown Seattle, Interbay, and Ballard, and proximity to everyday neighborhood services along McGraw Street and 34th Avenue West. The area is also near some of Seattle’s most recognizable outdoor destinations, including Discovery Park, Magnolia Park, and Elliott Bay views. Nearby Smith Cove, Expedia Group headquarters, and the Port of Seattle support a diverse economic base, while local dining, cafés, and retail contribute to the neighborhood’s enduring appeal for multifamily investors seeking a well-located Seattle submarket.Magnolia Place Apartments presents the opportunity to acquire a 17-unit multifamily asset at 3023 20th Avenue West. The property consists of one 11,712 SF building constructed in 1991 and offers a well-established residential investment in Seattle’s Magnolia submarket. With LR3(M zoning, this three-story property provides investors with a solid existing apartment community in a sought-after multifamily category. Magnolia Place Apartments combines scale, straightforward ownership of a single-building asset, and enduring residential appeal, making it a compelling consideration for investors seeking a multifamily holding within Seattle.