1425 Palm Ave SW
Seattle WA 98116
Palm Avenue Apartments
1425 Palm Ave SW Seattle WA 98116
Listing #: 707375 | Status: Available | Last Modified: 4/10/2026 |
For Sale
- Phone:(206) 812-9119
- Email:ryan@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:www.paragonrea.com
- Agent Phone:(206) 812-9108
- Agent Email:will@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,700,000.0
- $/SF$ 400.7
- $/Unit$ 1,700,000.0
- Listing StatusAvailable
- Days on Market104
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income98,580
- Vacancy Factor %5.23%
- Operating Expenses41,642
- Net Operating Income51,780
- CAP Rate 3.35 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 3.35 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units5
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF4243
- Net Rentable Area4243
- Total Office SF
- Largest Contiguous SF
- Lot SF6450
- Acres0.15
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWest Seattle
- Tax ID #9273200015
- Additional Parcels9272201090
- ZoningNR3
- Year Built1913
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Palm Ave Apartments
Paragon Real Estate Advisors is pleased to present an exceptional multifamily investment opportunity in the highly desirable North Admiral neighborhood of West Seattle. Situated in a quiet residential setting just minutes from Alki Beach, the property benefits from strong tenant demand driven by its coastal proximity, neighborhood charm, and convenient access to shops, dining, and transit. Opportunities to acquire assets in this pocket are limited due to very limited supply making this offering a compelling chance to secure a well-located property in one of West Seattle’s most sought-after submarkets. The seller is open to seller financing for qualified buyers. The offering consists of a five-unit multifamily property comprised entirely of one-bedroom/one-bathroom units, with updates com
