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MLS: #NWM2566437, Listed By: Chad Michael Martini, Westlake Associates, Inc., Source:NWMLS - Northwest Multiple Listing Service

2515 Thorndyke Avenue

Seattle, WA 98199
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Bed 0

Bed

Bath 0

Bath

SqFt9,420

Sqft

Acres0.24

Acre(Lot)

Constructed in 1959 and comprehensively renovated in 2016, The Edge Apartments is an exceptional 13-unit apartment community offers investors a rare opportunity to acquire a stabilized, turn-key asset in one of Seattle's most desirable rental markets. The extensive renovation modernized the property throughout, including updated plumbing and electrical systems, creating a low-maintenance investment with strong in-place cash flow and long-term ownership appeal. The property consists of 8 one-bedroom and 5 two-bedroom apartments, each designed with finishes that today's renters value. Every unit features quartz countertops, stainless steel appliances, in-unit washers and dryers, and contemporary LVT flooring in the common areas. Select apartments include fireplaces, while the top-floor re sidences enjoy private balconies with peek-a-boo views of the Seattle skyline and Puget Sound. Residents also benefit from a spacious second-floor patio with a community grill, providing an attractive outdoor gathering space that enhances the tenant experience. The property offers an attractive value-add component through ten individual secured garage and storage spaces. Currently generating approximately $10,800 in annual income, these oversized garages provide immediate supplemental revenue with meaningful upside through rent increases to market rates. The property is well-positioned to capitalize on continued tenant demand for secure parking and storage.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,200,000

AD Id : 89246165

MLS Id : NWM2566437

Lot Size : 0.24 Acre

Living Area Size : 9,420

Year Built : 1959

Garage : 10

County : King

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Feature Features

  • Interior Features

    Roof: Flat

    Roofing Information

    Flat
  • Flooring Information

    Flooring: Vinyl Plank, Carpet Construction Materials: Wood
  • Heating & Cooling

    Heating: Baseboard Has Heating: Yes Cooling: None

  • Building Information

    Year Built: 1959
  • Exterior Features

    Wood Construction Materials: Wood

  • Lot Information

    Lot Description: Paved, Sidewalk Lot Square Feet: 10492 Lot Acres: 0.2409

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$4200000

  • Tax Information

    Annual Tax: $33567 Tax Year: 2026 Parcel Number: 2771600575

  • Parking Information

    Total Parking: 20

    Garage Information

    Garage Space: 10

  • Utility Information

    Sewer: Sewer Connected
  • Location Information

    Subdivision: Magnolia City: Seattle Direction: N on 15th Ave W, exit towards W Dravus St. Turn left onto Thorndyke Ave W. Continue 0.2 mi; the property is located on the west (right) side of Thorndyke Ave W.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2707 W Jameson Street, Seattle, WA, 98199 $2,180,000 -- -- 6,375 6,375 SqFt
2657 Thorndyke Avenue, Seattle, WA, 98199 $1,228,888 -- -- 2,880 2,880 SqFt
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ByOwner last updated this listing 08/08/2026 @ 18:20

MLS: NWMLS #2566437 LISTED BY: Chad Michael Martini, Westlake Associates, Inc. 206-505-9400 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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