Property Details
3824 23rd Avenue SW
Seattle, WA 98106
$820,000
Active
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Property Overview
The West Seattle Duplex is a two-unit property located at 3824 23rd Ave SW in the Delridge neighborhood. Delivered fully vacant at closing, it offers a highly flexible opportunity in the West Seattle multifamily market. Each unit features a 2-bedroom, 1.75-bath layout spanning 1,220 square feet, with private decks, in-unit laundry hookups, and single-car garages. The property is well suited for an owner-user, a light renovation value-add investor, or a hybrid strategy. A buyer can live in one unit and lease the other, or lease both after modest cosmetic upgrades to achieve strong market rents. Recent improvements include a new roof installed in 2021 and full copper plumbing. Interiors feature updated kitchens and bathrooms with stone countertops, along with LVP flooring in the upstairs unit. Conveniently located, the duplex offers quick access to Downtown Seattle via the West Seattle Bridge and is minutes from the West Seattle Junction and Alki Beach. It is also within walking distance of the future Delridge Light Rail Station, part of Sound Transit’s West Seattle Link Extension. Planned at SW Andover St and Delridge Way SW, construction is set to begin in 2027, with service expected in late 2032, supporting long-term rent growth and value appreciation.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Delridge
Listed
Jun 4, 2026
Original Price
$900,000
Structure Type
Duplex
Parcel Number
2848700175
Tax & HOA
Annual Property Tax
$9,200 (2026)
Est. Monthly Tax
$767/mo
Financial Summary
Cap Rate
4.60%
Net Operating Income
$37,720
Gross Scheduled Income
$57,600
Gross Rent Multiplier
14.24
Total Expenses
$17,000
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,440
Leasable Area
2,440 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,001 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1979
Garage
2 spaces
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Exterior Features
Wood Products
Community & Access
Directions
Take I-5 S and W Seattle Brg to Delridge Wy SW. Take the Delridge Way SW exit from W Seattle Brg. Turn left onto SW Andover St. Turn left at the 1st cross street onto 23rd Ave SW. Destination on right
Location
City
Seattle
County
King
Coordinates
47.56932, -122.36189
Additional Information
Tax Year
2026
Annual Taxes
$9,200
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 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.
