$2,925,000
Est. $16,202/mo9,142 sq ft
3600 25th Avenue W, Seattle, WA 98199
• Listed Sep 8, 2026•26 days active · 26 cumulative
Listing Broker: Paragon Real Estate Advisors; Nick Hemming; 206-812-9105; nhemming@paragonrea.com
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Listing Broker: Paragon Real Estate Advisors; Nick Hemming; 206-812-9105; nhemming@paragonrea.com
About this home
Rare opportunity to acquire a 7-unit apartment building featuring exceptionally large, condo-sized residences in Seattle’s desirable Magnolia neighborhood. Each unit offers approximately 1,300 SF with 2 bedrooms and 1.75 bathrooms, providing floor plans and living space rarely found in comparable rental properties. Originally constructed as part of the Eldorado Block condominium development, the units feature wood-burning stone fireplaces, in-unit washers and dryers, spacious primary suites with walk-in closets, exterior-vented range hoods and generous storage. The building has benefited from numerous improvements over the years, including updates to plumbing, electrical, roofing, siding, decks and windows. A unique opportunity to acquire an apartment asset with true condo-sized units and amenities that differentiate it from the surrounding rental market.
Listed by Nick Hemming • Paragon Real Estate Advisors
Listing updated: September 24, 2026 at 06:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2578716
Around this home
How much should you offer?
3600 25th 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
- 5-9 Units
Flooring
- Engineered Hardwood
- Vinyl
- 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
- 7
- Units in building
- 7
- Units below grade
- false
- Building square feet
- 9,142 sq ft
Income & expenses
- Gross scheduled income
- $234,480
- Total monthly income
- $19,540
- Additional monthly income
- $1,000
- Gross adjusted income
- $225,101
- Net operating income
- $158,675
- Cap rate
- 5.42%
- Gross rent multiplier
- 10.8
- Vacancy rate
- 4%
- Total expenses
- $66,426
- Insurance
- $7,700
- Other expenses
- $18,450
- Water / sewer / garbage paid by
- 13500
Parking & storage
- Parking spaces
- 7
- Covered spaces
- 7
Taxes & assessment
- Annual taxes
- $26,776
- 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.
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Sales & Tax Records for 3600 25th 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.
- Sep 8, 2026ListedNWMLS via MLS Grid · #2578716$2,925,000$320/sq ft
- Feb 25, 2003Recorded saleKing County recorder · Statutory warranty deed$1,147,900$126/sq ft
- Mar 17, 1993Recorded saleKing County recorder · Warranty deed$575,000$63/sq ft
Mortgage payment forecast
$19,164 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: Paragon Real Estate Advisors; Nick Hemming; 206-812-9105; nhemming@paragonrea.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
0.3 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
0.8 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
0.7 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
0.7 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
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.
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