1788 Alki Avenue SW, Seattle, WA, 98116
About This Home
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.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 1937
Materials
- Foundation: Poured Concrete
- Roof: Composition,Flat
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1937
Type & Style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 11
- Bathrooms: 10
Features
- Flooring: Laminate,Vinyl Plank,Carpet
Heating & Cooling
- Heating features: Forced Air,Electric
- Cooling features: None
Interior Area
- Total structure area: 7,200
- Total interior livable area: 7,200 sqft
Property
Details
- Parcel number: 0139000215
- Zoning description: Multi-Family,Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: City,Ocean,Sound,Territorial
- Has water view: Yes
- Water view: Ocean,Sound
Lot
- Lot size: 0.28 Acres
- Lot size dimensions: 12000
Parking
- Uncovered spaces: 10
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in King County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,043 | $180,516 |
| Home Insurance * | $480 | $5,760 |
| Property Taxes | $2,405 | $28,860 |
| Electricity | $492 | $5,909 |
| Total | $18,420 | $221,040 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-17 | Listed for sale | $3,250,000 |
| 2016-10-18 | Sold | $1,950,000 |
| 2016-07-25 | Price change | $2,195,000 |
| 2016-04-09 | Price change | $2,250,000 |
| 2016-02-09 | Price change | $2,450,000 |
| 2016-01-03 | Listed for sale | $2,650,000 |
| 2013-07-31 | Listing removed | $1,997,000 |
| 2012-12-31 | Price change | $1,997,000 |
| 2012-08-03 | Listed for sale | $2,250,000 |
| 1999-11-05 | Sold | $800,000 |
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