1788 Alki Ave SW

Seattle, WA 98116

$3,250,000
Price
11
Beds
10
Baths
7,200 Sq. Ft.
$451 / Sq. Ft.
7,200
Sq. Ft.
$451
per Sq. Ft.
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Listing provided courtesy of Kidder Mathews
Source: Northwest MLS

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)...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.
  1. Listed by Max Frame • Kidder Mathews
    P: (360)-705-2800 max.frame@kidder.com

Property Details for 1788 Alki Avenue Southwest

Community Name
Alki
School District
Seattle
View
City, Mountains, Ocean, Sound, Territorial
Total Covered Parking
0
Entry Date
03-17-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 03/19/2026 10:20 AM

Property Details for 1788 Alki Avenue Southwest

StatusActive
MLS #2493770
Days on Market51
Cumulative Days on Market51
Taxes$25,643 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.28 AC / 12,000 SF
CountyKing County
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Location

Listing Courtesy of Kidder Mathews
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Building Information for 1788 Alki Avenue Southwest

Stories3Residences6Year Built1937Building Size-Lot Size0.28 AC / 12,000 SF

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$18,502 per month

30 year fixed, 6.46% Interest

Principal and Interest

$16,365

Property Taxes

$2,137

HOA Dues

$0

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Property Information for 1788 Alki Avenue Southwest

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 140 - West Seattle
  • Effective Year Built Source: Public Records
  • Directions: 1788 Alki Ave SW Seattle, WA
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
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
  • Bedrooms Possible: 12
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition, Flat
Property
Utilities
  • Water/Sewer/Garbage: 3360
  • Power Company: PSE
  • Sewer Company: PSE
  • Water Company: City of Seattle
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: KCPV
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1937
  • Photos Count: 38
Lot Information
  • Lot Size Dimensions: 12000
  • Lot Size Source: KCPV
  • Parcel Number Free Text: 0139000215
  • Building Condition: Very Good
  • Calculated Square Footage: 7200
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7200.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 10
  • Number of Stories in Building: 3
  • Vacancy Rate: 3
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $3,360
  • Total Expenses: 65427
  • Gross Adjusted Income: 212034
  • Gross Rent Multiplier: 22
  • Gross Scheduled Income: $208,200
  • Insurance Expense: $5,839
  • Net Operating Income: $146,607
  • Other Expenses: $23,865
  • Total Monthly Income: 17350
  • Fuel Expense: $3,360
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1300
  • Rent Unit 1: $3,200.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1300
  • Rent Unit 2: $3,000.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: 1
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1300
  • Rent Unit 3: $2,700.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 2
Unit 4
  • Name Unit 4: 2
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1200
  • Rent Unit 4: $3,000.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 3
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 600
  • Rent Unit 5: $1,750.00
  • Bedrooms Unit 5: 0
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 4
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 1500
  • Rent Unit 6: $3,700.00
  • Bedrooms Unit 6: 3
  • Fireplaces Unit 6: 1
  • Bathrooms Unit 6: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 7200.0

Property History for 1788 Alki Avenue Southwest

DateEvent & SourcePriceAppreciation
Mar 17, 2026

Listed (Active)

NWMLS #2493770

$3,250,000—
Oct 18, 2016

Sold

NWMLS #920641

$1,950,000—
Oct 13, 2016

Sold (Public Record)

Public Record #580760360

$1,950,000

+7.1% / yr

DateEvent & SourcePrice
03/17/2026

Listed (Active)

NWMLS #2493770

$3,250,000
10/18/2016

Sold

NWMLS #920641

$1,950,000
10/13/2016

Sold (Public Record)

Public Record #580760360

$1,950,000

+7.1% / yr

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

Public Records for 1788 Alki Avenue Southwest

Taxable ValueLand$2,400,000Additions$1,000Total$2,401,000
Tax Record2025$25,643 ($2,137 / month)
Home Facts
Total Finished SqFt6,534 SqFtAbove Ground SqFt6,534 SqFtStories3Lot Size12,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1942Year Renovated1987ZoningLR2 (M)CountyKINGAPN013900-0215

Schools near 1788 Alki Avenue Southwest

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Alki 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
Alki 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 1788 Alki Avenue Southwest, Seattle, WA 98116

1788 Alki Avenue Southwest is a multi-family home for sale in Seattle, WA 98116. This property was listed for sale on March 17, 2026 by Kidder Mathews, it's currently listed at $3,250,000. It has been on the market for a total of 51 days and was last sold on October 18, 2016. This listing's school district is Seattle Public Schools. Nearby schools include Alki Elementary School, Madison Middle School and West Seattle High School. 1788 Alki Avenue Southwest is a 11-bed, 10-bath, 7,200 sqft multi-family home built in 1937.

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 Kidder Mathews

Based on information submitted to the MLS GRID as of 03/19/2026 10:20 AM. 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.