2515 Thorndyke Avenue W, Seattle, WA 98199
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: chad michael martini, david w petersen
Office: westlake associates, inc.
MLS#:2566437
Source:NWMLS
2515 Thorndyke Avenue W,Seattle, WA 98199
$4,200,000
- - Beds
- - Baths
- 9,420 sq. ft.
- Multi-family
- Active
Price summary
- Price:$4,200,000
- Price per sq. ft.:$445.86
About this home
Constructed in 1959 and comprehensively renovated in 2016, The Edge Apartments is an exceptional 13-unit apartment community offers investors a rare opportunity to acquire a stabilized, turn-key asset in one of Seattle's most desirable rental markets. The extensive renovation modernized the property throughout, including updated plumbing and electrical systems, creating a low-maintenance investment with strong in-place cash flow and long-term ownership appeal. The property consists of 8 one-bedroom and 5 two-bedroom apartments, each designed with finishes that today's renters value. Every unit features quartz countertops, stainless steel appliances, in-unit washers and dryers, and contemporary LVT flooring in the common areas. Select apartments include fireplaces, while the top-floor residences enjoy private balconies with peek-a-boo views of the Seattle skyline and Puget Sound. Residents also benefit from a spacious second-floor patio with a community grill, providing an attractive outdoor gathering space that enhances the tenant experience. The property offers an attractive value-add component through ten individual secured garage and storage spaces. Currently generating approximately $10,800 in annual income, these oversized garages provide immediate supplemental revenue with meaningful upside through rent increases to market rates. The property is well-positioned to capitalize on continued tenant demand for secure parking and storage....
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Home facts
- Year built:1959
- Subdivision & Development:Magnolia
- Listing ID #:2566437
- Updated:September 23, 2026 at 02:09 AM
Rooms and interior
- Flooring:Carpet, Vinyl Plank
- Living area:9,420 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Flat Roof
- Year built:1959
- Building area:9,420 sq. ft.
- Lot area:0.24 Acres
- Lot Features:Paved, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Deck, Patio
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$4,200,000
- Price per sq. ft.:$445.86
- Tax amount:$33,567 (2026)
Parking
- Total parking spaces:20
- Garage:Yes
- Garage spaces:10
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