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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

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Multi Family

Built in 1937

-- sqft lot

$-- Zestimate^®

$413/sqft

$-- HOA

What's special

Renovated unitsIn-unit laundry

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.

107 days

342

9

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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

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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: 108 days
Listing terms: Conventional

Estimated market value

Not available

Estimated sales range

Not available

$3,549/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

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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