3510 W Elmore Street, Seattle, WA 98199 (MLS # 2537323)
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We are pleased to present Twin Cedars Apartments, an 8-unit apartment built in 1968 in Seattle's coveted Magnolia neighborhood, within steps of Discovery Park. The building offers 31BD averaging 732SF and 5 2BD averaging 967SF, with efficient floor plans. With 2BD units comprising 63% of the building, the unit mix is squarely aligned with the unit type that drives the strongest tenant demand and longest retention across Seattle's rental market. _of the 8 units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation. Roof replaced and cedar siding resided in 2020 keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one. Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner's bottom line, and a stable, long-tenured tenant base reflects both the building's quality and the neighborhood's enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute.
| LAST UPDATED | 6/9/2026 | TRACT | Magnolia |
|---|---|---|---|
| YEAR BUILT | 1968 | COMMUNITY | Magnolia |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 700 - Queen Anne/Magnolia |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| LOT | 6961 sq ft |
| LOT DESCRIPTION | Alley, Dead End Street, Paved |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 55 - 5-9 Units |
| SUBDIVISION | Magnolia |
| TAXES | 22734 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
| ZONING | Multi-Family |
| SATELLITE VIEW |
| / | |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/9/26 5:00 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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