3456 23rd Avenue W, Seattle, WA 98199 (MLS # 2578926)
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Listing provided courtesy of Northwest MLS; RexMont Real Estate
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BUILDER, 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
| LAST UPDATED | 10/12/2026 | TRACT | Magnolia |
|---|---|---|---|
| YEAR BUILT | 1911 | COMMUNITY | Magnolia |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Jr. High School | Mc Clure Mid |
|---|---|
| High School | Ballard High |
| PRICE HISTORY | |
| Prior to Oct 12, '26 | $775,000 |
|---|---|
| Oct 12, '26 - Today | $735,000 |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| APPLIANCES | Dishwasher, Refrigerator |
| AREA | 700 - Queen Anne/Magnolia |
| BASEMENT | Daylight, Finished, Yes |
| EXTERIOR | Garden |
| FIREPLACE | Yes |
| HEAT | Electric, Forced Air, Natural Gas |
| INTERIOR | Dbl Pane/Storm Window, Dining Room, Fireplace |
| LOT | 3751 sq ft |
| LOT DESCRIPTION | Corner Lot, Curbs, Open Space, Paved, Secluded, Sidewalk |
| MLS STATUS | Active |
| PARKING | Attached Carport, RV Access/Parking |
| STORIES | 1 |
| STYLE | 16 - 1 Story w/Bsmnt. |
| SUBDIVISION | Magnolia |
| TAXES | 9051 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Mountain(s), Territorial |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/19/26 12:37 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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