1788 Alki Avenue SW, Seattle, WA 98116

Property Description

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 irreplaceable Alki waterfront offering with income, scale, and land value in a highly sought-after coastal submarket. Buyer to verify all information to their satisfaction.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 5:21PM

Listing Office:

Kidder Mathews : 360-705-2800

Listing Agent:

Max Frame : 360-705-2800

MLS ID:

2493770

Interior

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

Exterior

• General: Wood
• Parking: Parking spaces: 10

Construction

• Roofing: CompositionFlat
• General: 55 - 5-9 UnitsPoured Concrete

Location

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

Lot

• Zoning: 0139000215
• View: CityMountainsOceanSoundTerritorialView

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls