New ListingBUILDER, DEVELOPER & INVESTOR OPPORTUNITY IN MAGNOLIA! Bring your vision & unlock the potential of this LR1(M)-zoned property offering multiple paths to create value in one of Seattle's most desirable & established neighborhoods. Renovate & reposition the existing residence for a compelling flip, transform it into a long-term investment, or explore redevelopment opportunities under Seattle's Lowrise Multifamily zoning. The existing home provides a substantial footprint w/walls of windows, abundant natural light, territorial views & a flexible layout featuring 2 bedrooms on the main + 2 on the lower level. Separate lower-level entrance adds versatility for future use, while Trex decking, patio, fenced yard & driveway parking for up to 4 vehicles provide additional upside. For builders & investors, the opportunity is the combination of multifamily zoning, existing improvements & a Magnolia location where finished housing commands attention. Create value through renovation or evaluate a new vision for the site-the optionality is the story. Minutes to Fishermen's Terminal, Discovery Park, Ballard, Queen Anne, Downtown Seattle, shopping, dining & major commuter routes. FIX IT. FLIP IT. HOLD IT. REDEVELOP IT. An opportunity to manufacture value rather than pay retail for someone else's finished project. Sold AS-IS. Buyer
| MLS # | 2578926 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Building Name | Gilmans |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 6 |
| Listing Provided By | RexMont Real Estate | Adriano Tori |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,080 |
| Car Port | Yes |
| Basement | Y |
| Story(s) | 1 |
| Zoning | LR1 (M) |
| Acreage | 0.09 |
| Property View | Yes |
| Property | 9051 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98199 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Magnolia |
| School District | Ballard High |
| High School | Ballard High |
| Listing VS Median (in Magnolia) | |
Price: $775,000 low | high Med: $1,020,000 sqft: 2,080 low | high Med: 1,560 $ / sqft: $373 low | high Med: $654 On site: 6 low | high Med: 3 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98199 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Magnolia |
| School District | Ballard High |
| High School | Ballard High |
| Listing VS Median (in Magnolia) | |
Price: $775,000 low | high Med: $1,020,000 sqft: 2,080 low | high Med: 1,560 $ / sqft: $373 low | high Med: $654 On site: 6 low | high Med: 3 | |
![]() | $1,199,9993602 24th AvenueSeattle, WA 98199 |