$2,975,000
Est. $14,996/mo1788 Alki Avenue Sw, Seattle, WA 98116
• Listed 2026-03-17•1 day on market
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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.
Listed by Max Frame • Kidder Mathews
Listing updated: June 17, 2026 at 12:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2493770
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1788 Alki Avenue Sw, Seattle, WA 98116
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 6 days.
$1,600,000 Sold
1 week ago
3 bd•1 ba•~1,460 sq ft•Single Family
1324 Alki Avenue Sw, Seattle, WA 98116
20%
Under list
—
Days on market
0.5 mi
Distance
$755,000 Sold
4 weeks ago
2 bd•1 ba•~1,470 sq ft•Single Family
2159 52nd Avenue Sw, Seattle, WA 98116
0%
Over list
—
Days on market
0.2 mi
Distance
$1,700,000 Sold
3 months ago
3 bd•3 ba•~2,735 sq ft•Single Family
2727 50th Avenue Sw, Seattle, WA 98116
0%
Over list
—
Days on market
0.5 mi
Distance
$750,000 Sold
3 months ago
3 bd•1 ba•~1,077 sq ft•Single Family
3415 48th Avenue Sw, Seattle, WA 98116
0%
Over list
—
Days on market
0.9 mi
Distance
$1,600,000 Sold
4 months ago
•Single Family
2236 Alki Avenue Sw, Seattle, WA 98116
20%
Under list
—
Days on market
0.2 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
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