$1,150,000
Est. $6,370/moPrice reduced $78,888 from the original $1,228,888 asking price
2,880 sq ft
2657 Thorndyke Avenue W, Seattle, WA 98199
• Listed Jul 30, 2026•82 days active · 82 cumulative
Listing Broker: Realogics Sotheby's Int'l Rlty; Demetre Skepetaris; 206-910-6203; demetre@tomandrebecca.com
Talk to a local RexMont expert
A local broker replies within minutes
Work with a Seattle real estate agent or a Seattle buyer's agent on this home. Selling first? Start with sell my house in Seattle or your Seattle home value.
Listing Broker: Realogics Sotheby's Int'l Rlty; Demetre Skepetaris; 206-910-6203; demetre@tomandrebecca.com
About this home
Fantastic opportunity to own a well-located fourplex in Seattle’s desirable Magnolia neighborhood. Three units are currently leased, while Unit 3 is intentionally being held vacant to provide easy access for showings and flexibility for the next owner. Ownership has historically prioritized stable, long-term tenancies and limited turnover, resulting in several rents remaining on the lower end and offering potential for future income growth. The property includes four dedicated off-street parking stalls—one for each unit—on-site laundry and a shared backyard area. Zoned LR3(M), the property may also offer long-term redevelopment or value-add possibilities, subject to buyer verification and applicable City of Seattle requirements. Conveniently located near Magnolia Village, Discovery Park, Queen Anne, Ballard and Downtown Seattle, with easy access to neighborhood shops, restaurants, parks, transit and major employment centers. An appealing opportunity for an investor or owner-occupant seeking established rental income, immediate leasing flexibility and long-term potential in one of Seattle’s most established neighborhoods. Please do not disturb tenants.
Listed by Demetre Skepetaris • Realogics Sotheby's Int'l Rlty
Listing updated: October 20, 2026 at 09:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2562308
Around this home
How much should you offer?
2657 Thorndyke Avenue W, Seattle, WA 98199
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 4-Plex
Flooring
- Laminate
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDiggerSchool information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 4
- Units below grade
- false
- Building square feet
- 2,880 sq ft
Income & expenses
- Gross scheduled income
- $83,340
- Total monthly income
- $5,020
- Gross adjusted income
- $60,240
- Net operating income
- $38,889
- Cap rate
- 3.38%
- Gross rent multiplier
- 13.8
- Vacancy rate
- 27%
- Total expenses
- $21,352
- Insurance
- $2,809
- Electric
- $589
- Other expenses
- $2,456
- Water / sewer / garbage paid by
- 5479
Parking & storage
- Parking spaces
- 4
- Uncovered parking
- 4
Taxes & assessment
- Annual taxes
- $10,018
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 2657 Thorndyke Avenue W
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 12, 2026Price reducedNWMLS via MLS Grid · #2562308$1,150,000$399/sq ft
- Jul 30, 2026ListedNWMLS via MLS Grid · #2562308$1,228,888$427/sq ft
- Jan 27, 1999Recorded saleKing County recorder · Statutory warranty deed$331,000$115/sq ft
Mortgage payment forecast
$7,493 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Realogics Sotheby's Int'l Rlty; Demetre Skepetaris; 206-910-6203; demetre@tomandrebecca.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 48 days.
Recent sales nearby
Within 1 mile · last 6 months$800,000 Sold
5 days ago
3 bd•2.25 ba•~1,871 sq ft•Single Family
2017 W Bertona, Seattle, WA 98199
5%
Under list
265
Days on market
0.4 mi
Distance
$799,000 Sold
6 days ago
2 bd•1.75 ba•~1,110 sq ft•Single Family
2526 30th Avenue W, Seattle, WA 98199
0%
Over list
33
Days on market
0.6 mi
Distance
$995,000 Sold
2 weeks ago
2 bd•1.75 ba•~1,015 sq ft•Single Family
2629 34th Avenue W, Seattle, WA 98199
0%
Over list
8
Days on market
0.8 mi
Distance
$3,200,000 Sold
3 weeks ago
6 bd•3.75 ba•~6,480 sq ft•Single Family
2409 29th Avenue W, Seattle, WA 98199
0%
Over list
2
Days on market
0.6 mi
Distance
$675,000 Sold
3 weeks ago
3 bd•3.25 ba•~1,440 sq ft•Single Family
2024 W Bertona Street, Seattle, WA 98199
2%
Under list
61
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 12:25 PM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
