Listed by Curran Hagstrom • Westlake Associates, Inc. Bought with Windermere Real Estate/East.
Sold on Jul 2026
$1,370,000
8
bd
•
5 ba
•
3,683
sq ft
2215 W Raye St, Seattle, WA 98199
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About this home
Premier Magnolia Triplex Featuring Expansive 2BR Floorplans & Iconic Seattle Views Located at the end of a quiet Magnolia cul-de-sac, 2215 W Raye St presents a rare opportunity to acquire a meticulously maintained and extensively updated triplex featuring oversized two-bedroom floor-plans, sweeping Elliott Bay and city views, and strong in-place cash flow. Originally built in 1965, the property has benefited from major upgrades including copper plumbing supply lines, double-pane vinyl windows, new exterior paint, and renovated unit interiors featuring luxury vinyl plank flooring, updated tile work, and upgraded appliances. The property consists of one 2BR/1BA unit totaling approximately 1,195 SF and two spacious 3BR/1.5BA units averaging approximately 1,244 SF. Each residence offers fireplaces, formal dining rooms, large covered view decks, private in-unit laundry, and highly functional layouts that create a true single-family home feel. The upper two units enjoy panoramic Elliott Bay, Seattle skyline, and Mount Rainier views. The property also offers four dedicated parking stalls plus an attached two-car garage and is ideally located just moments from Bayview Park, Downtown Magnolia’s shops and restaurants, and convenient access to Downtown Seattle, South Lake Union, Queen Anne, Fremont, and Ballard.
Multi-familyProperty Type
1965Year Built
5,000 sq ftLot Size
$372Price/Sq.Ft.
2 car garageParking
Listed by Curran Hagstrom• Westlake Associates, Inc.
Listed by Collin Hagstrom• Westlake Associates, Inc.
Bought with Ali Mills• Windermere Real Estate/East
Replace three electrical load centers in a triplex to address safety concerns. Install new load centers with the same number of branch circuits.
Electrical
Jun 28, 2019 • Final
Side sewer
Repair the side sewer.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Uncovered Total: 4
Covered Spaces: 2
Garage Spaces: 2
Interior
Heating & Cooling
Has Heating
Heating Information: Baseboard
Cooling Information: None
Interior Features
Flooring: Ceramic Tile, Vinyl Plank, Carpet
Multi-Family Financial Information
Insurance Expense: $4,547
Other Expense: $8,250
Net Operating Income: $67,483
Gross Adjusted Income: 103657
Gross Scheduled Income: $107,976
Total Monthly Income: 8998
Gross Rent Multiplier: 12.5
Total Expenses: 36174
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 3
Vacancy Rate: 4
# of Units (Total): 3
Unit Type 1 Information
Unit Name: 3
# of Bathrooms: 2
# of Bedrooms: 3
Unit Sq. Ft.: 1,244
Actual Rent: $3,137
Unit Type 2 Information
Unit Name: 2
# of Bathrooms: 2
# of Bedrooms: 3
Unit Sq. Ft.: 1,244
Actual Rent: $2,866
Unit Type 3 Information
Unit Name: 1
# of Bathrooms: 1
# of Bedrooms: 2
Unit Sq. Ft.: 1,195
Actual Rent: $2,500
Exterior
Building Information
Construction Materials: Wood
Roof: Flat
Exterior Features
Exterior Features: Wood
Property Information
Energy Source: Electric
Style Code: 53 - Tri-plex
Property Type: Residential Income
Property Sub Type: Multi Family
Has View
Land Information
Possible Use: Multi-Family
Lot Information
MLS Lot Size Source: King County Assessor
Site Features: Deck
Zoning Jurisdiction: City
Lot Features: Dead End Street, Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.1148
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $16,301
Tax Year: 2026
Financial Information
Listing Terms: Cash, Conventional
Buyer Financing: Conventional
Utilities
Utility Information
Sewer: Sewer Connected
Water Sewer Garbage: 7076
Location
School Information
High School District: Seattle
Location Information
Directions: From Downtown Seattle, north on Elliott Ave W, left on W Garfield St/Magnolia Bridge. Right on Thorndyke Ave W. Left on Thorndyke Pl W. Straight on 24th Ave W. Right on W Raye St. Site on right.
Public facts
Beds: 6
Baths: 5.0
Sq. Ft.: 3,920
Stories: 2.0
Lot Size: 5,000 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1965
Year Renovated: —
County: King County
APN: 277160 0415
Home facts updated by county records on Sep 4, 2026
Other
Listing Information
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Mls Status: Sold
Listing Date Information
On Market Date: Monday, May 18, 2026
Green Information
Power Production Type: Electric
Home Information
Calculated Square Footage: 3683
MLS Square Footage Source: King County Assessor
Building Area Total: 3683
Building Area Units: Square Feet
Structure Type: Triplex
Stories Total: 3
Around this home
Schools
Magnolia Elementary School
Public K-5 • Assigned • 0.2mi
7/10
McClure Middle School
Public 6-8 • Assigned • 1.3mi
8/10
Ballard High School
Public 9-12 • Assigned • 2.4mi
9/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Seattle, WA • 98199
Average low and high temperatures (°F)
48
39
48
40
53
43
60
46
65
50
71
54
75
57
76
59
70
56
60
49
53
45
49
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
68/ 100
Moderate sunlight
Sunscore
This home receives average direct sun exposure in Seattle. There appears to be some shading by surrounding buildings, terrain, and vegetation.
8 hrs
3.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.41M – $1.70M
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