2515 Thorndyke Avenue W, Seattle, WA 98199

Multi-Family Home
Built in 1959
10,494sqft lot
10 car garage
$——/sqft
Listed 5 days ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: August 13, 2026 at 1:19AM
Listing Office:: Westlake Associates, Inc. : 206-505-9400
Listing Agent:: Chad Michael Martini : 206-505-9400
MLS ID:: 2566437

Flooring: Vinyl PlankCarpet
A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0

General: Wood
Parking: Parking spaces: 20

Roofing: Flat
General: 56 - 10+ Units

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Seattle
County: King

Zoning: 2771600575
View: CityPartialView

Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Chad Michael Martini , Westlake Associates, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.