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Alki 6-Plex
1788 Alki Ave SW Seattle WA 98116
Listing #: 710465 | Status: Available | Last Modified: 3/23/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 212,034 |
| Vacancy Factor % | 2.85% |
| Operating Expenses | 65,427 |
| Net Operating Income | 140,564 |
| CAP Rate | 4.51 % |
| 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 | 4.511 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 3 |
| # of Units | 6 |
| Total Building SF | 6,867 SF |
| Net Rentable Area | 6,534 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 12,197 SF |
| Acres | 0.28 |
| Year Built | 1946 |
| Year Renovated | 1970 |
| Construction Type | Framed, Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Location | |
|---|---|
| County | King |
| Market Area | West Seattle |
| Tax ID # | 0139000215 |
| Zoning | LR2(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 10 |
| Total Parking Spots | 10 |
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
Alki 6-Plex
1788 Alki Ave SW Seattle WA 98116
Listing #: 710465 | Status: Available | Listing Date: 3/21/2026 | Last Modified: 3/23/2026 | Email Listing
For Sale
Alki 6-Plex
