$1,900,000
Est. $10,524/mo4,524 sq ft
2352 Alki Avenue SW, Seattle, WA 98116
• Listed Oct 16, 2026•3 days active · 3 cumulative
Listing Broker: Paragon Real Estate Advisors; Tanner Fogle; 206-623-8880; Tanner@paragonrea.com
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Listing Broker: Paragon Real Estate Advisors; Tanner Fogle; 206-623-8880; Tanner@paragonrea.com
About this home
The Tides Apartments is an eight-unit apartment building ideally situated directly along Alki Avenue SW on one of Seattle’s most iconic stretches of waterfront. Offered for the first time since 1954, this is a rare opportunity to acquire a piece of Alki Beach history in a location where multifamily properties are tightly held and opportunities to purchase are few and far between. Select units capture sought-after water views. Additional amenities include dual-pane vinyl windows, individually controlled electric baseboard heating, an on-site common laundry room, and two off-street parking stalls, a valuable convenience along Alki Avenue SW, where parking is at a premium. The property’s classic interiors present an exciting value-add opportunity for an investor seeking to unlock the full potential of this irreplaceable waterfront location. Through strategic interior renovations as units turn over, a new owner can modernize the existing apartment homes. The property’s LR2 (M) zoning on a 6,640-square-foot lot offers an additional layer of long-term redevelopment potential, providing flexibility beyond the immediate renovation strategy. Residents are steps from Alki Beach Park and the Alki Trail, within walking distance of Alki Point Lighthouse and Statue of Liberty Plaza, and connected to Downtown Seattle via the King County Water Taxi, with the Route 775 shuttle stopping just 0.1 miles away.
Listed by Tanner Fogle • Paragon Real Estate Advisors
Listing updated: October 16, 2026 at 11:29am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2595365
Around this home
How much should you offer?
2352 Alki Avenue SW, Seattle, WA 98116
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 5-9 Units
Flooring
- Laminate
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Alki Elementary SchoolPublic · Grades K-5 · 0.4 mi · State rank 60 of 1,13810/10
- Madison Middle SchoolPublic · Grades 6-8 · 0.9 mi · State rank 25 of 51410/10
- West Seattle High SchoolPublic · Grades 9-12 · 0.9 mi · State rank 34 of 39610/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 8
- Units in building
- 8
- Units below grade
- false
- Building square feet
- 4,524 sq ft
Income & expenses
- Gross scheduled income
- $151,779
- Total monthly income
- $12,648
- Gross adjusted income
- $144,190
- Net operating income
- $88,271
- Cap rate
- 4.7%
- Gross rent multiplier
- 12.51
- Vacancy rate
- 5%
- Total expenses
- $64,016
- Insurance
- $4,787
- Other expenses
- $28,071
- Water / sewer / garbage paid by
- 11968
Parking & storage
- Parking spaces
- 2
- Uncovered parking
- 2
Taxes & assessment
- Annual taxes
- $19,190
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 2352 Alki Avenue SW
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 16, 2026ListedNWMLS via MLS Grid · #2595365$1,900,000$420/sq ft
Mortgage payment forecast
$12,598 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Paragon Real Estate Advisors; Tanner Fogle; 206-623-8880; Tanner@paragonrea.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 67 days.
Recent sales nearby
Within 1 mile · last 6 months$1,295,000 Sold
6 days ago
•Single Family
3604 Beach Drive SW, Seattle, WA 98116
4%
Under list
140
Days on market
0.8 mi
Distance
$1,000,000 Sold
2 weeks ago
4 bd•1.75 ba•~1,930 sq ft•Single Family
1921 41st Avenue SW, Seattle, WA 98116
0%
Over list
25
Days on market
0.9 mi
Distance
$1,437,000 Sold
2 weeks ago
4 bd•3 ba•~2,820 sq ft•Single Family
3016 47th Avenue SW, Seattle, WA 98116
4%
Over list
25
Days on market
0.8 mi
Distance
$970,000 Sold
3 weeks ago
3 bd•1.75 ba•~2,060 sq ft•Single Family
2316 41st Avenue SW, Seattle, WA 98116
3%
Under list
34
Days on market
0.9 mi
Distance
$1,300,000 Sold
3 weeks ago
3 bd•2.5 ba•~2,300 sq ft•Single Family
3435 61st Avenue SW, Seattle, WA 98116
4%
Over list
14
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 19, 2026 at 8:07 PM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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