Sold

Listed by: Urban Commercial Partners, LLC • Patrick Suarez

Bought with: ZNonMember-Office-MLS

$5,825,000

2440 Alki Avenue SW, Seattle, WA 98116

24beds

20baths

--sqft

Multi Family

Built in 1984

-- sqft lot

$5,795,700 Zestimate^®

$--/sqft

$3,004 Estimated rent

Home value

$5,795,700

$5.39M - $6.26M

$3,004/mo

Zestimate^® history

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$3,004/mo

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$35,244/mo

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$35,244/mo

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What's special

New windowsNew guttersNew decksExterior paintNew roofPrivate west-facing balconies

Rare opportunity to acquire the Alki Surf Apartments, a trophy waterfront asset in the heart of West Seattle's iconic Alki Beach - one of Seattle's most coveted waterfront corridors with unobstruted west facing views of Puget Sound. First time on the market since the asset was originally developed in 1984. 10 large residential units including (6) 2 bed/2 bath units and (4) 3 bed/2 bath units all with private west-facing balconies. This opportunity offers immediate upside with minimal capital investment. In place rents are approximately 20% below market with additional income growth available through the optimization of utility reimbursement and parking income. Recent Capital Improvements include: New Roof, New Windows, Exterior Paint, New Decks and New Gutters. Must see!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 24
Bathrooms: 20

Heating

Baseboard, Electric

Cooling

None

Features

Windows: Thermal Windows
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 16
Carport spaces: 5
Uncovered spaces: 11

Features

Has view: Yes
View description: Sound
Has water view: Yes
Water view: Sound
Waterfront features: Sound

Lot

Size: 9,692 Square Feet

Details

Parcel number: 6372000090
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family

Materials

Stucco
Roof: Composition

Condition

Very Good
Year built: 1984

Utilities & green energy

Sewer: Sewer Connected

Green energy

Energy efficient items: Thermal Windows

Community & HOA

Community

Subdivision: Alki

Location

Region: Seattle

Financial & listing details

Annual tax amount: $45,450
Date on market: 6/4/2026
Cumulative days on market: 48 days
Listing terms: Conventional

Price history

Date	Event	Price
6/9/2026	Sold	$5,825,000-10.4%
Source: NWMLS as distributed by MLS GRID #2484395 Report a problem
4/1/2026	Pending sale	$6,500,000
Source: NWMLS as distributed by MLS GRID #2484395 Report a problem
2/25/2026	Listed for sale	$6,500,000
Source: NWMLS as distributed by MLS GRID #2484395 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
10/4/2020	Listing removed	$4,490+24.7%
Source: Owner Report a problem
8/3/2020	Price change	$3,600+53.2%
Source: Owner Report a problem
6/26/2020	Price change	$2,350-6%
Source: Owner Report a problem
4/3/2020	Listed for rent	$2,500
Source: Owner Report a problem