1768 Alki Avenue SW, Seattle, WA 98116

$1,300,000
2,100
SqFt

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Listing courtesy of Coldwell Banker Bain.

List Price
$1,300,000
Status
ACTIVE
MLS#
2482218
Price Change
▼ $150,000 1777595609
Days on Market
154
Style
53 - Tri-plex
Finished SqFt
2,100
Area Total SqFt
2100
Lot Size (sq ft)
4,440
Sewer
Sewer Connected

Property Description

Permitted 3-unit waterfront property on iconic Alki Ave SW with expansive Puget Sound, island, and partial Seattle skyline views. Situated along a premier stretch of shoreline between Alki Beach and the Seattle Water Taxi. Originally constructed as a single-family residence and legally converted by the City of Seattle in the 1970s. Unit mix includes 2BR/1BA, 2BR/1BA, and studio — all water-facing with western exposure. Gas heat, shared laundry, and rear yard. Zoned LR2(M). Buyer to verify all information.

Additional Information

List Date
2026-02-22 18:28:12
Community
Alki
Net Operating Income
$24,788
Gross Adjusted Income
$39,000
Gross Scheduled Income
$39,000
Total Monthly Income
$6,500
Insurance Expenses
$1,500
Water/Sewer/Garbage Expenses
$3,562
Gross Rent Multiplier
15
Total Expenses
$7,625
Cap Rate
4.17
Total Number of Units
3
Unit Name
1768
Potential Terms
Cash, Conventional, Owner Will Carry, Rehab Loan, VA Loan
Year Built
1945
Waterfront
Yes
View
Bay, City, Ocean, Sound
Roof
Flat
Electric Expenses
417
Other Expenses
1500
Energy Source
Geothermal
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,500
Gross Scheduled Income
$39,000
Gross Adjusted Income
$39,000
Tax Year
2025
Insurance Expense
$1,500
W/S/G Expenses
$3,562
Total Expenses
$7,625
Net Operating Income
$24,788
Gross Rent Multiplier
15
Cap Rate
4.17
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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