3510 W Elmore Street, Seattle, WA 98199
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: dea sumantri, candice chevaillier
Office: lee & associates commercial re
MLS#:2537323
Source:NWMLS
Price summary
- Price:$2,295,000
About this home
We are pleased to present Twin Cedars Apartments, an 8-unit apartment built in 1968 in Seattle’s coveted Magnolia neighborhood, within steps of Discovery Park. The building offers 31BD averaging 732SF and 5 2BD averaging 967SF, with efficient floor plans. With 2BD units comprising 63% of the building, the unit mix is squarely aligned with the unit type that drives the strongest tenant demand and longest retention across Seattle’s rental market. _of the 8 units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation. Roof replaced and cedar siding resided in 2020 keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one. Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner’s bottom line, and a stable, long-tenured tenant base reflects both the building’s quality and the neighborhood’s enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute....
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Home facts
- Year built:1968
- Subdivision & Development:Magnolia
- Listing ID #:2537323
- Updated:September 23, 2026 at 12:27 AM
Rooms and interior
- Flooring:Vinyl Plank
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition, Flat Roof, Torch Down
- Year built:1968
- Lot area:0.16 Acres
- Lot Features:Alley, Dead-end Street, Paved
- Construction Materials:Wood Exterior Finish
- Exterior Features:Deck
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$2,295,000
- Tax amount:$22,734 (2026)
Parking
- Total parking spaces:8
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