1788 Alki Ave SW
Seattle WA 98116
Alki 6-Plex
1788 Alki Ave SW Seattle WA 98116
Listing #: 710465 | Status: Available | Last Modified: 3/23/2026 |
For Sale
- Phone:(425) 736-5516
- Email:matt.laird@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 681-7695
- Agent Email:winslow.lee@kidder.com
- Agent Phone:(425) 691-6826
- Agent Email:jack.shephard@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,250,000.0
- $/SF$ 497.4
- $/Unit$ 3,250,000.0
- Listing StatusAvailable
- Days on Market43
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income212,034
- Vacancy Factor %2.85%
- Operating Expenses65,427
- Net Operating Income140,564
- CAP Rate 4.51 %
- 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 4.51 %
- Building StatusExisting
- # of Buildings2
- # of Floors3
- # of Units6
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF6867
- Net Rentable Area6534
- Total Office SF
- Largest Contiguous SF
- Lot SF12197
- Acres0.28
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWest Seattle
- Tax ID #0139000215
- Additional Parcels
- ZoningLR2(M)
- # Covered Spaces0
- # Uncovered Spaces10
- Total Parking Spots10
- Parking Ratio
- Year Built1946
- Year Renovated1970
- Completion Date
- Roof Type
- Construction TypeFramed, Wood
Alki 6 Unit
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
