1425 Palm Avenue SW, Seattle, WA 98116

Property Description

The offering consists of a five-unit multifamily property comprised entirely of one-bedroom/one-bathroom units, with updates completed over the years and Elliott Bay views from the upper units. The property offers potential to add an additional unit with a private entrance, creating further income upside (Buyer to Verify). Adjacent to the building is a 2,100 square foot flat lot that is well suited for townhouse-style development, with upper-floor views enhancing the site’s long-term redevelopment or expansion potential. Currently, two of the five units have been renovated, while the remaining units present a clear value-add opportunity through cosmetic upgrades, allowing new ownership to push rents toward market levels. The property is well maintained and features original hardwood floors, abundant storage, recently resealed back decks, updated electrical systems with full rewiring, copper plumbing, five individual gas furnaces, and on-site coin-operated laundry, providing a strong foundation for stable operations and future improvements.

Listing Status:

Active

Data Last Updated:

February 13, 2026 at 5:20PM

Listing Office:

Paragon Real Estate Advisors : 206-623-8880

Listing Agent:

Will Douglas : 206-623-8880

MLS ID:

2470400

Interior

• A/C: None
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Wood
• Parking: Parking spaces: 5

Construction

• Roofing: Composition
• General: 55 - 5-9 Units

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 9273200015

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls