About this home

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.

Exterior features

Wood

Property details

Heating: Forced Air
Cooling: None
Flooring: Laminate, Vinyl Plank, Carpet
View: City, Mountains, Ocean, Sound, Territorial
Sewer: Sewer Connected

Costs

Annual taxes: $25,643 (2026)

Estimate your monthly payment

$17,180/mo

Principal & interest: $15,043
Property taxes: $2,137

Down payment (20%) $595,000 Interest rate (%) Loan term (years)

Loan amount $2,380,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98116

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Kidder Mathews— Max Frame.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.