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About the Listing 7019 - 45203
Constructed in 1966, this well-maintained eight-unit apartment community features quality wood-frame construction with a durable marblecrete exterior. Ideally situated in Seattle’s highly sought-after Magnolia neighborhood, the property has historically maintained exceptionally low vacancy, driven by its premier location and strong tenant demand. The Magnolia 8-Unit Apartments offer investors an attractive value-add opportunity through the ability to increase below-market rents as units turn over, while also presenting the potential to add a legal ninth apartment unit (buyer to verify). The property’s desirable unit mix consists of five one-bedroom/one-bath units and three two-bedroom/one-bath units, along with seven on-site parking spaces and ample unrestricted street parking. Ownership has completed several meaningful capital improvements, including a full tear-off roof replacement. The building is also serviced by copper plumbing, providing long-term durability and minimizing future maintenance costs. Combining a prime Magnolia location, stable occupancy history, and clear upside potential, this offering represents an exceptional opportunity to acquire a quality multifamily asset in one of Seattle’s most established and supply-constrained neighborhoods.
Listing Highlights
Interior Details
- Bedrooms: 11
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Hardwood,Laminate,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Alley,Curbs,Paved,Sidewalk,Deck,Patio,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 7
- Zoning: Multi-Family
- Roof: Flat
- Others: Cement/Concrete,Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $21,806
- Taxes w/Assessments: N/A
- Tax/Property ID: 2770606655
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
2707 W Jameson St Seattle, WA 98199
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