LISTING DETAILS

Palm Avenue Apartments

1425 Palm Ave SW Seattle WA 98116

Listing #: 707375 | Status: Available | Last Modified: 4/10/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	98,580
Vacancy Factor %	5.23%
Operating Expenses	41,642
Net Operating Income	51,780
CAP Rate	3.35 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	3.349

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	3
# of Units	5
Total Building SF	4,243 SF
Net Rentable Area	4,243 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	6,450 SF
Acres	0.15
Year Built	1913

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	West Seattle
Tax ID #	9273200015
Zoning	NR3

Palm Ave Apartments

Public Comments

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

Palm Avenue Apartments
1425 Palm Ave SW Seattle WA 98116

Listing #: 707375 | Status: Available | Listing Date: 1/21/2026 | Last Modified: 4/10/2026 | Email Listing

For Sale

Palm Avenue Apartments

Listing Images