2215 W Raye Street, Seattle, WA 98199 | MLS #NWM2525633 | Berkshire Hathaway HomeServices Northwest Real Estate  
 
Listing provided courtesy of Westlake Associates, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2525633MLS Provider

2215 W Raye StreetSeattle, WA 98199

Multi-Family · 8 Beds · 3,683 Sq. ft. | 0.11 Acres
$1,350,000 Pending

2215 W Raye Street Overview

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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.

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2215 W Raye Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,683
  • Price/Sq.ft. $367
  • Lot 0.11 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle

Income/Expenses

  • Other Expense: 8250
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 107976
  • Insurance Expense: 4547
  • Net Operating Income: 67483
  • Total Expenses: 36174
  • Total Monthly Income: 8998
  • Water/Sewer/Garbage: 7076

Building Information

  • New Construction: No
  • Year Built: 1965

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 700 - Queen Anne/Magnolia
  • Subdivision Name: Magnolia

Tax Information

  • Tax Annual Amount: $16,301.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 2771600415
  • Possible Use: Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3683
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3683
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Heating: Yes
  • Leasable Area: 3683
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 6
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Dead End Street, Paved
  • Lot Size Acres: 0.1148
  • Lot Size Square Feet: 5000
  • Lot Size Units: Square Feet
  • Site Features: Deck
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Triplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Wood
  • Number Of Units Total: 3
  • Sewer: Sewer Connected

Unit Information

Unit 3 Details

  • Actual Rent: 2500
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 2866
  • Beds Total: 3
  • Baths Total: 2

Unit 1 Details

  • Actual Rent: 3137
  • Beds Total: 3
  • Baths Total: 2

2215 W Raye Street Neighborhood

Community

98199 (SEATTLE) Demographics

39
Median Age
4,121
Population Density (per sq. mile)
80%
College Educated
$134,709
Estimated Median Income
6,249
Estimated Total Home Owners
4,047
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2215 W Raye Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2215 W Raye Street Market Data

Based on the last 30 days in this zip code

$1,342,947
Average List Price
$623
Average Price per Square Foot
24
Properties Sold
48
Average Days on Market
117
Properties for Sale
Calculations provided by Reliance Network

2215 W Raye Street History

Date Event Value Agent
5/29/2026Source: NWMLS Status Change
Pending
5/18/2026Source: NWMLS Added to Database
May 18, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021