1425 Palm Ave SW

Seattle, WA 98116

$1,700,000
Price
5
Beds
5
Baths
4,243 Sq. Ft.
$401 / Sq. Ft.
4,243
Sq. Ft.
$401
per Sq. Ft.
a view of a white house next to a yard with big trees
an aerial view of a house with a lake view
a view of a white house with a yard plants and lawn chairs with a fire pit
an aerial view of a house with a yard
a car parked in front of a white house
an aerial view of a house with a yard
a front view of a house with a garden
an aerial view of a city with lake view
an aerial view of multiple houses with yard
an aerial view of residential houses with outdoor space
a view of an empty room with a window
a view of an empty room
an empty room with wooden floor and windows
a view of a big room with windows and cabinet
an empty room with windows and entrance
a kitchen that has a sink and a stove in it
a kitchen with white cabinets sink and white appliances
a kitchen with a sink stove top oven and cabinets
an empty room with wooden floor and windows
a view of an empty room with a window
an empty room with wooden floor and windows
a bathroom with a toilet a sink and a mirror
Listing provided by Northwest MLS

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...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.
  1. Listed by Will Douglas • Paragon Real Estate Advisors
  2. Listed by Ryan Iles • Paragon Real Estate Advisors

Property Details for 1425 Palm Avenue Southwest

Community Name
North Admiral
School District
Seattle
Total Covered Parking
0
Entry Date
01-21-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 01/21/2026 01:13 PM

Property Details for 1425 Palm Avenue Southwest

StatusActive
MLS #2470400
Days on Market9
Cumulative Days on Market9
Taxes$14,469 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.15 AC / 6,450 SF
CountyKing County

Location

Listing Courtesy of Paragon Real Estate Advisors
Add your commute

Building Information for 1425 Palm Avenue Southwest

Stories3Residences5Year Built1913Building Size-Lot Size0.15 AC / 6,450 SF

Payment Calculator

$9,491 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,286

Property Taxes

$1,206

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1425 Palm Avenue Southwest

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 140 - West Seattle
  • Directions: Take Hwy 99 S/WA-99 S and W Seattle Brg to SW Admiral Wy. Take the Admiral Way exit. Follow SW Admiral Wy and California Ave SW to Palm Ave SW.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 6554
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 23
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 9273200015
  • Calculated Square Footage: 4243
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4243.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 5
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 41642
  • Gross Adjusted Income: 98580
  • Gross Rent Multiplier: 16.38
  • Gross Scheduled Income: $103,768
  • Insurance Expense: $9,153
  • Net Operating Income: $56,938
  • Other Expenses: $11,466
  • Total Monthly Income: 8647
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 848
  • Rent Unit 1: $1,385.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 848
  • Rent Unit 2: $1,750.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Square Feet Unit 3: 848
  • Rent Unit 3: $1,850.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Square Feet Unit 4: 848
  • Rent Unit 4: $1,529.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Square Feet Unit 5: 848
  • Rent Unit 5: $1,750.00
  • Bedrooms Unit 5: 1
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4243.0

Property History for 1425 Palm Avenue Southwest

DateEvent & SourcePriceAppreciation
Jan 21, 2026

Listed (Active)

NWMLS #2470400

$1,700,000—
DateEvent & SourcePrice
01/21/2026

Listed (Active)

NWMLS #2470400

$1,700,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1425 Palm Avenue Southwest

Taxable ValueLand$391,500Additions$935,500Total$1,327,000
Tax Record2024$12,613 ($1,051 / month)
Home Facts
Total Finished SqFt4,240 SqFtAbove Ground SqFt4,240 SqFtStories3Lot Size4,350 SqFtStyleMulti-Family Dwelling (2-4)Year Built1913Year Renovated1981ZoningNR3CountyKINGAPN927320-0015

Schools near 1425 Palm Avenue Southwest

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Lafayette Elementary School
Public - PK to 5
Madison Middle School
Public - 6 to 8
West Seattle High School
Public - 9 to 12
Pathfinder K-8
Public - K to 8
Rating
School
Distance
Lafayette Elementary School
PublicPK to 5

Madison Middle School
Public6 to 8

West Seattle High School
Public9 to 12

Pathfinder K-8
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1425 Palm Avenue Southwest, Seattle, WA 98116

1425 Palm Avenue Southwest is a multi-family home for sale in Seattle, WA 98116. This property was listed for sale on January 21, 2026 by Paragon Real Estate Advisors, it's currently listed at $1,700,000. This listing's school district is Seattle Public Schools. Nearby schools include Lafayette Elementary School, Madison Middle School and West Seattle High School. 1425 Palm Avenue Southwest is a 5-bed, 5-bath, 4,243 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paragon Real Estate Advisors

Based on information submitted to the MLS GRID as of 01/21/2026 01:13 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.