$775,000
Est. $4,005/mo4 bd•2 ba•2,080 sq ft
3456 23rd Avenue W, Seattle, WA 98199
• Listed 2026-09-05•New today
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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
Listed by Adriano Tori • RexMont Real Estate
Listing updated: September 5, 2026 at 06:12pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2578926
3456 23rd Avenue W, Seattle, WA 98199
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.
Neighborhood mobility
Seattle School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
7 programs may be available to provide you with up to $110,000 in down payment assistance, depending on your specific information.
$4,953 per month
Great rateTakes about 5 minutes & won't affect your credit
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$1,850,000 Sold
5 days ago
•Single Family
4241 21st Avenue W, Seattle, WA 98199
26%
Under list
—
Days on market
0.5 mi
Distance
$1,750,000 Sold
4 months ago
4 bd•3 ba•~2,901 sq ft•Single Family
2558 30th Avenue W, Seattle, WA 98199
5%
Under list
—
Days on market
0.8 mi
Distance
$799,999 Sold
4 months ago
2 bd•2 ba•~1,125 sq ft•Single Family
2844 35th Avenue W #b, Seattle, WA 98199
3%
Under list
—
Days on market
0.8 mi
Distance
$845,000 Sold
4 months ago
3 bd•1 ba•~960 sq ft•Single Family
2849 36th Avenue W, Seattle, WA 98199
5%
Under list
—
Days on market
0.9 mi
Distance
$799,000 Sold
4 months ago
2 bd•2.25 ba•~1,096 sq ft•Single Family
2560 30th Avenue W, Seattle, WA 98199
0%
Over list
—
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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 5, 2026 at 06:12pm (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
See more →
Open Sun, Sep 6
Open Sun, Sep 6 +1
Open Sun, Sep 6 +2
Open Sun, Sep 6
Open Sun, Sep 6$1,256,000
+$481,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $725K and $1.54M.
Rental earnings
$3,775/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$725,000Last sold price
3437 21st Avenue W, Seattle, WA 98199
$1,100,000Last sold price
2800 W Elmore Place, Seattle, WA 98199
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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