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Alki 6-Plex

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Alki 6-Plex

1788 Alki Ave SW, Seattle, WA 98116
Multi-Family For Sale Available Cap Rate 4.33% Built 1946 3 floors Zoning: LR2(M)
Asking Price
$3,250,000
Total Building6,867 SF
Land12,197 SF land
Parking Total10
& Uncov.
ConstructionFramed,Wood
MarketWest Seattle
CountyKing

Read Overview
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Overview

Property ID
163497
Listing ID
710465
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR2(M)

Description

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 irreplace

Listing Courtesy of:

ML
Matt Laird
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Seattle ZIP: 98116 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.