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$1,300,000

For Sale

2 days ago

2109 W Raye St, Seattle, WA

House

MLS® 2536841

0 Bed

0 Bath

--

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $16,857
Days Active 2
Lot Size 
Approx. Age 1955
MLS® Number 2536841

Property Address: 2109 W Raye St, Seattle, WA, 98199-2947

Average square foot calculated using Size range provided by listing agent.

Description

7-unit apartment building (6 units + 1 non-conforming) located in Seattle’s highly desirable Magnolia neighborhood. The property sits on an oversized 11, 000 square foot LR3 (M) zoned lot, offering investors a rare combination of significant operational upside, long-term redevelopment optionality, and premium location fundamentals. The asset is currently 48% below market rents and 76% below renovated market rents, creating immediate and meaningful upside through a systematic renovation and lease-up strategy. Investors can capitalize on strong in-place demand while preserving future development flexibility under favorable zoning. Additionally, four adjacent properties are also available for sale, providing a compelling assemblage opportunity for developers or long-term holders seeking scale.
MLS® Number2536841
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1955
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 8, 2026List Date
$1,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
2109 W Raye St, Seattle, WA

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