2440 Alki Ave SW

Seattle, WA 98116

$6,500,000
Price
24
Beds
20
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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a city street lined with buildings and cars
a car parked in front of a building
a car parked in front of a building
a view of a town with water view
a view of a city
a view of an empty room with wooden floor and a fireplace
a kitchen with granite countertop a stove and a sink
wooden floor fireplace and windows in an empty room
a bathroom with a sink a toilet and shower
a view of a room with wooden floor and window
a view of a hallway with wooden floor and a living room
a kitchen with stainless steel appliances granite countertop a refrigerator sink stove microwave and cabinets
a view of a balcony with city view
a utility room with dryer and washer
a kitchen with lots of counter top space and appliances
a living room with furniture a flat screen tv and a window
a living room with furniture and a large window
a open kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a car parked in front of a building
a front view of a house with garden
a view of a city
a view of a lake
a view of a city
a view of an ocean with city view
a view of balcony with ocean view
a view of a sky from a balcony
Listing provided courtesy of Urban Commercial Partners, LLC
Source: Northwest MLS

Description

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....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!
  1. Listed by Pat Suarez • Urban Commercial Partners, LLC
  2. Listed by Henry Myers • Urban Commercial Partners, LLC

Property Details for 2440 Alki Avenue Southwest

Community Name
Alki
School District
Seattle
View
Sound
Total Covered Parking
5
Entry Date
02-24-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 02/24/2026 09:13 PM

Property Details for 2440 Alki Avenue Southwest

StatusActive
MLS #2484395
Days on Market34
Cumulative Days on Market34
Taxes$45,450 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1984
Lot Size0.22 AC / 9,694 SF
CountyKing County
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Location

Listing Courtesy of Urban Commercial Partners, LLC
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Building Information for 2440 Alki Avenue Southwest

Stories4Residences10Year Built1984Building Size-Lot Size0.22 AC / 9,694 SF

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$35,333 per month

30 year fixed, 6.11% Interest

Principal and Interest

$31,545

Property Taxes

$3,788

HOA Dues

$0

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Property Information for 2440 Alki Avenue Southwest

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 140 - West Seattle
  • Directions: Heart of Alki Beach - See mapping apps.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: Yes
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 5.0
  • 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
  • Amenities: Elevator,Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Waterfront Description: Sound
Property
Utilities
  • Water/Sewer/Garbage: 19114
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 27
Lot Information
  • Lot Size Source: KCR
  • Parcel Number Free Text: 6372000090
  • Building Condition: Very Good
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Total Uncovered Parking: 11
  • Number of Stories in Building: 4
  • Vacancy Rate: 4
  • Number Of Units Total: 10
  • Units Below Grade: false
  • Units In Building Total: 10
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 125374
  • Gross Adjusted Income: 398818
  • Gross Rent Multiplier: 15.6
  • Gross Scheduled Income: $415,435
  • Insurance Expense: $12,331
  • Net Operating Income: $273,444
  • Other Expenses: $48,479
  • Total Monthly Income: 34620
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 101
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1660
  • Rent Unit 1: $2,800.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 2
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 102
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1660
  • Rent Unit 2: $3,495.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 2
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: 201
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1260
  • Rent Unit 3: $3,995.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 2
Unit 4
  • Name Unit 4: 202
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1100
  • Rent Unit 4: $2,700.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 2
Unit 5
  • Name Unit 5: 203
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 1660
  • Rent Unit 5: $3,725.00
  • Bedrooms Unit 5: 3
  • Fireplaces Unit 5: 1
  • Bathrooms Unit 5: 2
Unit 6
  • Name Unit 6: 301
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 1260
  • Rent Unit 6: $3,335.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 1
  • Bathrooms Unit 6: 2
Unit 7
  • Name Unit 7: 302
  • Washer/Dryer Unit 7: true
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 1100
  • Rent Unit 7: $2,695.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 1
  • Bathrooms Unit 7: 2
Unit 8
  • Name Unit 8: 303
  • Washer/Dryer Unit 8: true
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 1660
  • Rent Unit 8: $3,965.00
  • Bedrooms Unit 8: 3
  • Fireplaces Unit 8: 1
  • Bathrooms Unit 8: 2
Unit 9
  • Name Unit 9: 401
  • Washer/Dryer Unit 9: true
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: true
  • Square Feet Unit 9: 1970
  • Rent Unit 9: $3,200.00
  • Bedrooms Unit 9: 3
  • Fireplaces Unit 9: 2
  • Bathrooms Unit 9: 2
Unit 10
  • Name Unit 10: 402
  • Washer/Dryer Unit 10: true
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: true
  • Square Feet Unit 10: 1970
  • Rent Unit 10: $4,100.00
  • Bedrooms Unit 10: 3
  • Fireplaces Unit 10: 2
  • Bathrooms Unit 10: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 15300.0

Property History for 2440 Alki Avenue Southwest

DateEvent & SourcePriceAppreciation
Feb 24, 2026

Listed (Active)

NWMLS #2484395

$6,500,000—
DateEvent & SourcePrice
02/24/2026

Listed (Active)

NWMLS #2484395

$6,500,000

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

Public Records for 2440 Alki Avenue Southwest

Taxable ValueLand$1,938,800Additions$2,809,200Total$4,748,000
Tax Record2024$45,450 ($3,787 / month)
Home Facts
Total Finished SqFt15,300 SqFtAbove Ground SqFt15,300 SqFtStories4Lot Size9,694 SqFtStyleMulti-Family Res (5+ Units)Year Built1984Year Renovated2003ZoningLR2 (M)CountyKINGAPN637200-0090Fireplace TypeHas Fireplace

Schools near 2440 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 2440 Alki Avenue Southwest, Seattle, WA 98116

2440 Alki Avenue Southwest is a multi-family home for sale in Seattle, WA 98116. This property was listed for sale on February 24, 2026 by Urban Commercial Partners, LLC, it's currently listed at $6,500,000. This listing's school district is Seattle Public Schools. Nearby schools include Alki Elementary School, Madison Middle School and West Seattle High School. 2440 Alki Avenue Southwest is a 24-bed, 20-bath, multi-family home built in 1984.

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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Urban Commercial Partners, LLC

Based on information submitted to the MLS GRID as of 02/24/2026 09:13 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.