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.
Active
Listed by: Kidder Mathews • Max Frame
Price cut: $275K (6/17)
$2,975,000
1788 Alki Avenue SW, Seattle, WA 98116
11beds
10baths
7,200sqft
Multi Family
Built in 1937
-- sqft lot
$-- Zestimate®
$413/sqft
$-- HOA
What's special
Renovated unitsIn-unit laundry
- 154 days |
- 357 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Max Frame,
Kidder Mathews
Source: NWMLS as distributed by MLS GRID,MLS#: 2493770
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 10
Heating
- Forced Air, Electric
Cooling
- None
Features
- Flooring: Laminate, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 7,200
- Total interior livable area: 7,200 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Uncovered spaces: 10
Features
- Has view: Yes
- View description: City, Mountain(s), Ocean, Sound, Territorial
- Has water view: Yes
- Water view: Ocean,Sound
Lot
- Size: 0.28 Acres
- Dimensions: 12000
Details
- Parcel number: 0139000215
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition,Flat
Condition
- Very Good
- Year built: 1937
- Major remodel year: 1937
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: PSE
- Water: Company: City of Seattle
Community & HOA
Community
- Subdivision: Alki
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $413/sqft
- Tax assessed value: $2,401,000
- Annual tax amount: $25,643
- Date on market: 3/17/2026
- Cumulative days on market: 155 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,532/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Price change | $2,975,000-8.5%$413/sqft |
Source:  NWMLS as distributed by MLS GRID #2493770 Report a problem | ||
| 3/17/2026 | Listed for sale | $3,250,000+66.7%$451/sqft |
Source: NWMLS as distributed by MLS GRID #2493770 Report a problem | ||
| 10/18/2016 | Sold | $1,950,000-11.2%$271/sqft |
Source: NWMLS as distributed by MLS GRID #920641 Report a problem | ||
| 7/25/2016 | Price change | $2,195,000-2.4%$305/sqft |
Source: Skyline Properties Inc #920641 Report a problem | ||
| 4/9/2016 | Price change | $2,250,000-8.2%$313/sqft |
Source: Skyline Properties Inc #920641 Report a problem | ||
| 2/9/2016 | Price change | $2,450,000-7.5%$340/sqft |
Source: Skyline Properties Inc #880356 Report a problem | ||
| 1/3/2016 | Listed for sale | $2,650,000+32.7%$368/sqft |
Source: Skyline Properties Inc #880356 Report a problem | ||
| 7/31/2013 | Listing removed | $1,997,000$277/sqft |
Source: Skyline Properties Inc #389646 Report a problem | ||
| 12/31/2012 | Price change | $1,997,000-11.2%$277/sqft |
Source: Skyline Properties Inc #389646 Report a problem | ||
| 8/3/2012 | Listed for sale | $2,250,000+181.3%$313/sqft |
Source: Skyline Properties Inc #389646 Report a problem | ||
| 11/5/1999 | Sold | $800,000$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,643 +7.9% | $2,401,000 |
| 2024 | $23,760 +2.1% | $2,401,000 |
| 2023 | $23,280 +7.2% | $2,401,000 -3.8% |
| 2022 | $21,725 +0.7% | $2,497,000 +9.1% |
| 2021 | $21,574 -7.8% | $2,288,000 -3.7% |
| 2020 | $23,393 +7.4% | $2,375,000 +6.5% |
| 2019 | $21,782 +12.4% | $2,231,000 +1.2% |
| 2018 | $19,371 -10.4% | $2,205,000 +2.5% |
| 2017 | $21,616 +35% | $2,152,000 +9.3% |
| 2016 | $16,012 | $1,968,000 -2.8% |
| 2015 | $16,012 | $2,025,000 +23.3% |
| 2014 | $16,012 | $1,643,000 +4% |
| 2013 | $16,012 | $1,580,000 -17.8% |
| 2012 | -- | $1,921,000 |
| 2011 | -- | $1,921,000 |
| 2010 | -- | $1,921,000 |
| 2009 | -- | $1,921,000 +60% |
| 2007 | -- | $1,201,000 +29.1% |
| 2006 | -- | $930,000 +10.6% |
| 2005 | -- | $841,000 +47.3% |
| 2001 | $6,760 +27.8% | $571,000 +35.6% |
| 2000 | $5,288 | $421,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Alki
Nearby schools
GreatSchools rating
- 8/10Alki Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 9/10Madison Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10West Seattle High SchoolGrades: 9-12Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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