About 3456 23rd Avenue W
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
Features of 3456 23rd Avenue W
| MLS® # | 2578926 |
|---|---|
| Price | $775,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,080 |
| Acres | 0.09 |
| Year Built | 1911 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Craftsman |
| Status | Active |
Community Information
| Address | 3456 23rd Avenue W |
|---|---|
| Area | 700 - Queen Anne/Magnolia |
| Subdivision | Magnolia |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98199 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Attached Carport, RV Parking |
| View | City, Mountains, Territorial |
| Is Waterfront | No |
Interior
| Interior Features | Dbl Pane/Storm Window, Dining Room, Fireplace |
|---|---|
| Appliances | Dishwasher, Refrigerator, Stove(s)/Range(s) |
| Heating | Forced Air |
| Cooling | See Remarks |
| Fireplace | Yes |
| # of Fireplaces | 1 |
Exterior
| Exterior Features | Wood Products |
|---|---|
| Lot Description | Corner Lot, Curbs, Open Space, Paved, Secluded, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Seattle |
|---|---|
| Middle | Mc Clure Mid |
| High | Ballard High |
Additional Information
| Date Listed | September 5th, 2026 |
|---|---|
| Days on Market | 3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RexMont Real Estate |
|---|
