Charming Magnolia Rental Properties
Magnolia offers a uniquely peaceful, “oasis-in-the-city” lifestyle, perched on a hilly peninsula just northwest of downtown Seattle. Known for its quiet, tree-lined streets and a strong sense of community, the neighborhood feels miles away from the urban bustle while remaining only a 15-minute commute from the city center. Residents are drawn to the 534-acre Discovery Park, Seattle’s largest green space, which features miles of trails, rugged sea bluffs, and the historic West Point Lighthouse. The neighborhood’s heart is “The Village,” a charming commercial district filled with local boutiques, cozy cafes, and family-owned restaurants that foster a classic, small-town atmosphere.
Living and Renting in Magnolia, WA
Finding a home in this prestigious area is an elevated experience when exploring our portfolio of Magnolia rental properties. The local market features a diverse mix of housing, from stately mid-century modern homes and classic Craftsman houses with views of Puget Sound to sleek, contemporary condos near Interbay. Renting in Magnolia provides the perfect balance of suburban tranquility and high-end urban living, supported by top-rated schools like Catharine Blaine K-8. At Avenue One, our dedicated management team ensures a seamless leasing process, helping you find a high-quality residence that captures the breathtaking vistas and sophisticated charm of this iconic Seattle peninsula.
Search for Cities We Serve In
Avenue One Residential services the greater Seattle area. Here is a short list of a few cities and neighborhoods that we’re proud to service:
Seattle
Bellevue
Kirkland
Mercer Island
Renton
Issaquah
Redmond
Ballard
Queen Anne
Magnolia
Downtown Seattle
Capitol Hill
West Seattle
Edmonds
Bothell
Lynnwood
Please contact us directly to inquire regarding a specific location.
What People Say About Our Leasing Team
We were living in a property managed by them in Magnolia and they were totally professional. All the maintenance issues were addressed on time and I would happily recommend them to anyone. Yes, I had a larger portion of my deposit deducted during my move out, but we were going through a lot at that time personally, and the entire process was totally hassle free.
– Vivek B.
Avenue one is the best! I just moved back to Seattle from LA and ended up in the most perfect building on Queen Anne through Avenue One! The team is so kind and attentive, and the building is beautifully maintained. Would highly recommend them for anyone looking for a great leasing company!
View Available Magnolia Rental Properties
2821 Franklin Ave East - 1, Seattle, WA 98102 MAP
2 Bed 
1 Baths | 752 Sq. Ft.
Franklin Arms ~ Eastlake
Available May 1st! Welcome home to Franklin Arms, a charming 1930s building in the heart of Eastlake that has been completely remodeled while retaining all of its original character and charm. This bright corner unit is east-facing and perched above the street, filling the space with beautiful natural light throughout the day.
Inside, you'll find warm honey-toned hardwood floors, a lovely kitchen with quartz countertops, a tiled backsplash, and stainless appliances, two comfortable bedrooms — one full-sized and one perfect for a home office or guest room — and a full bathroom with a tiled tub/shower. In-unit washer and dryer included! $100/month for water/sewer/garbage, and tenant pays electricity.
Ideally located in the heart of Eastlake, you are just minutes from the shores of Lake Union, South Lake Union's Amazon campus, downtown Seattle, the University of Washington, and easy access to I-5. A wonderfully walkable neighborhood with great restaurants, coffee shops, and local shops right outside your door. Pet friendly for one dog under 25 lbs or one cat with a refundable pet deposit. Renter's insurance required. No smoking, thank you.
For more information or a viewing of this wonderful home, please contact Jacquelyn Scofield, Avenue One Residential, Seattle, WA at jacquelyn@avenueoneresidential.com or 206-930-7075.
Please review our application screening criteria, copy/paste this link into your browser: https://www.avenueoneresidential.com/wp-content/uploads/2024/10/Screening-Criteria-2.pdf
Rental Terms
- Rent: $2,695
- Application Fee: $60
- Security Deposit: $2,695
- Available 5/1/26
Pet Policy
- Cats allowed
- Small dogs allowed
Amenities
- Hardwood Floors
- Pet Friendly
- Abundant Natural Light
- Charming 1920's Building
- Quartz and Stainless Kitchen
- Excellent Eastlake Location
- Renovated in 2019
- Second Bedroom Perfect for Home Office!
Utilities Included
- $100 for Water/Sewer/Gargage
Appliances
- Washer/Dryer
- Refrigerator
- Range
- Dishwasher
- Microwave