2515 Thorndyke Avenue, Seattle, WA 98199

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Listing Firm: Westlake Associates, Inc. (206-505-9400). Listings with the three tree icon are courtesy of NWMLS.

2515 Thorndyke Avenue

Seattle, WA 98199

LISTING #2566437

REQUEST DETAILS SCHEDULE A SHOWING

$4,200,000

STATUS Active

YEAR BUILT 1959

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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 residences 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.

PROPERTY DETAILS

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Location Information

County King

Community Seattle

Latitude 47.641931

Longitude -122.385761

Directions 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.

Subdivision Name Magnolia

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Baseboard

Cooling None

Floors Vinyl Plank, Carpet

Exterior Features

Style 10+ Units

Is New Construction Yes

Exterior Wood

Roof Flat

Septic or Sewer Sewer Connected

Covered Spaces 10

Power Production Type Electric

Parking Spaces 20

Site Features Deck, Patio

Lot Features Paved, Sidewalk

Lot Size in Acres 0.2409

Lot Size in Sq. Ft. 10,492

Building Total Area 9420 Square Feet

Has Waterfront No

Has View Yes

View Description City, Partial

School

High School District Seattle

Additional Information

Possession Closing

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1959

Status Active

Tax Year 2026

Tax Amount $33,567

Lot Acres Source KCA

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