$2,180,000
Est. $12,075/mo6,375 sq ft
2707 W Jameson Street, Seattle, WA 98199
• Listed Aug 5, 2026•33 days active · 33 cumulative
Listing Broker: Westlake Associates, Inc.; Travis Kannier; 206-505-9428; travisk@westlakeassociates.com
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Listing Broker: Westlake Associates, Inc.; Travis Kannier; 206-505-9428; travisk@westlakeassociates.com
About this home
Constructed in 1966, this well-maintained eight-unit apartment community features quality wood-frame construction with a durable marblecrete exterior. Ideally situated in Seattle’s highly sought-after Magnolia neighborhood, the property has historically maintained exceptionally low vacancy, driven by its premier location and strong tenant demand. The Magnolia 8-Unit Apartments offer investors an attractive value-add opportunity through the ability to increase below-market rents as units turn over, while also presenting the potential to add a legal ninth apartment unit (buyer to verify). The property’s desirable unit mix consists of five one-bedroom/one-bath units and three two-bedroom/one-bath units, along with seven on-site parking spaces and ample unrestricted street parking. Ownership has completed several meaningful capital improvements, including a full tear-off roof replacement. The building is also serviced by copper plumbing, providing long-term durability and minimizing future maintenance costs. Combining a prime Magnolia location, stable occupancy history, and clear upside potential, this offering represents an exceptional opportunity to acquire a quality multifamily asset in one of Seattle’s most established and supply-constrained neighborhoods.
Listed by Travis Kannier • Westlake Associates, Inc.
Listing updated: September 22, 2026 at 06:37pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2565089
Around this home
How much should you offer?
2707 W Jameson Street, 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
- 5-9 Units
Flooring
- Hardwood
- Laminate
- Vinyl Plank
- 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
- 8
- Units in building
- 8
- Units below grade
- false
- Building square feet
- 6,375 sq ft
Income & expenses
- Gross scheduled income
- $151,920
- Total monthly income
- $12,660
- Additional monthly income
- $100
- Gross adjusted income
- $144,324
- Net operating income
- $105,578
- Cap rate
- 4.84%
- Gross rent multiplier
- 14.35
- Vacancy rate
- 5%
- Total expenses
- $38,746
- Insurance
- $6,500
- Other expenses
- $2,400
- Water / sewer / garbage paid by
- 8040
Parking & storage
- Parking spaces
- 7
- Uncovered parking
- 7
Taxes & assessment
- Annual taxes
- $21,806
- 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 2707 W Jameson Street
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.
- Aug 5, 2026ListedNWMLS via MLS Grid · #2565089$2,180,000$342/sq ft
Mortgage payment forecast
$14,437 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%.
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Listing Broker: Westlake Associates, Inc.; Travis Kannier; 206-505-9428; travisk@westlakeassociates.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
0.7 mi
Distance
$920,000 Sold
2 weeks ago
3 bd•2 ba•~1,820 sq ft•Single Family
4333 32nd Avenue W, Seattle, WA 98199
7%
Under list
99
Days on market
0.3 mi
Distance
$1,741,350 Sold
2 weeks ago
4 bd•3.25 ba•~3,102 sq ft•Single Family
3319 W ELMORE Street, Seattle, WA 98199
3%
Under list
42
Days on market
0.4 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
0.7 mi
Distance
$1,100,000 Sold
3 weeks ago
4 bd•2 ba•~2,060 sq ft•Single Family
3826 35th Avenue W, Seattle, WA 98199
0%
Over list
—
Days on market
0.6 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 2:26 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.
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