Property Details
1768 Alki Avenue SW
Seattle, WA 98116
$1,300,000
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Property Overview
Permitted 3-unit waterfront property on iconic Alki Ave SW with expansive Puget Sound, island, and partial Seattle skyline views. Situated along a premier stretch of shoreline between Alki Beach and the Seattle Water Taxi. Originally constructed as a single-family residence and legally converted by the City of Seattle in the 1970s. Unit mix includes 2BR/1BA, 2BR/1BA, and studio — all water-facing with western exposure. Gas heat, shared laundry, and rear yard. Zoned LR2(M). Buyer to verify all information.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Alki
Listed
Feb 22, 2026
Original Price
$1,450,000
Financial Summary
Cap Rate
4.17%
Net Operating Income
$24,788
Gross Scheduled Income
$39,000
Gross Rent Multiplier
15.00
Total Expenses
$7,625
Building & Use
Building Sq Ft
2,100
Leasable Area
2,100 sqft
Total Units
3
Lot Size
4,439 sqft
Year Built
1945
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1945
Exterior Materials
Metal/Vinyl, Wood
Sewer
Sewer Connected
Exterior Features
Metal/Vinyl, Wood Products
Location
City
Seattle
County
King
Coordinates
47.58648, -122.39698
Additional Information
Tax Year
2025
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 7:45 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.
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. Copyright 2026 NWMLS. All rights reserved.
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. Copyright 2026 NWMLS. All rights reserved.
