Listing provided courtesy of Kidder MathewsNWMLSas Distributed by MLSGrid- MLS# NWM2493770
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Request Info1788 Alki Avenue SWSeattle, WA 98116
Multi-Family · 11 Beds · 7,200 Sq. ft. | 0.28 Acres$2,975,000
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1788 Alki Avenue SW Overview
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Rare opportunity to acquire a 6-unit waterfront multifamily asset in one of West Seattle’s most iconic locations. Situated on Alki Ave SW, this property offers unobstructed Puget Sound and Olympic Mountain views just steps from Alki Beach, the Alki Trail, dining, and neighborhood amenities. The property consists of 2 buildings with a strong unit mix, including spacious renovated units averaging approximately 1,200 SF, in-unit laundry, and off-street parking for 8-10 cars. Located on a 12,000 SF LR2(M) zoned lot, the asset presents multiple value-add angles including continued rent growth, long-term hold potential, and possible future redevelopment optionality. Current rents provide upside with renovated units and a premier location that continues to drive strong tenant demand. An irreplaceable Alki waterfront offering with income, scale, and land value in a highly sought-after coastal submarket. Buyer to verify all information to their satisfaction.
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1788 Alki Avenue SW Facts & Features
- Type Multi-Family
- Sq. ft. 7,200
- Price/Sq.ft. $413
- Lot 0.28 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Seattle
Income/Expenses
- Other Expense: 23865
- Electric Expense: 3360
- Fuel Expense: 3360
- Gross Scheduled Income: 208200
- Insurance Expense: 5839
- Net Operating Income: 146607
- Total Expenses: 65427
- Total Monthly Income: 17350
- Water/Sewer/Garbage: 3360
Building Information
- New Construction: No
- Year Built: 1937
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 140 - West Seattle
- Subdivision Name: Alki
Tax Information
- Tax Annual Amount: $25,643.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 0139000215
- Possible Use: Multi-Family
- Property Condition: Very Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Possible: 12
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 7200
- Building Area Units: Square Feet
- Calculated Square Footage: 7200
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Laminate, Vinyl Plank, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 7200
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 3
Exterior
Parking Information
- Open Parking: No
- Parking Total: 10
- Parking Uncovered Total: 10
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.2755
- Lot Size Dimensions: 12000
- Lot Size Square Feet: 12000
- Lot Size Units: Square Feet
- Elevation Units: Feet
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition, Flat
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood
- Number Of Units Total: 6
- Sewer: Sewer Connected
Unit Information
Unit 5 Details
- Actual Rent: 1750
- Beds Total: 0
- Baths Total: 1
Unit 3 Details
- Actual Rent: 2700
- Beds Total: 2
- Baths Total: 2
Unit 4 Details
- Actual Rent: 3000
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 3000
- Beds Total: 2
- Baths Total: 2
Unit 1 Details
- Actual Rent: 3200
- Beds Total: 2
- Baths Total: 2
Unit 6 Details
- Actual Rent: 3700
- Beds Total: 3
- Baths Total: 2
1788 Alki Avenue SW Neighborhood
Community
98116 (Seattle) Demographics
40
Median Age
7,795
Population Density (per sq. mile)
74%
College Educated
$121,967
Estimated Median Income
7,483
Estimated Total Home Owners
5,637
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
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.1788 Alki Avenue SW Monthly Cost
1788 Alki Avenue SW Market Data
Based on the last 30 days in this zip code
$1,156,499
Average List Price
$669
Average Price per Square Foot
38
Properties Sold
54
Average Days on Market
112
Properties for Sale
1788 Alki Avenue SW History
| Date | Value | Agent |
|---|---|---|
| 6/17/2026Source: NWMLS | $2,975,000 -8.5% |
|
| 3/17/2026Source: NWMLS | March 17, 2026 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |