1768 Alki Avenue SW, Seattle, WA 98116
- $1,295,000
- 2,100
- SqFt
Listing courtesy of Coldwell Banker Bain.
- List Price
- $1,295,000
- Status
- ACTIVE
- MLS#
- 2578876
- Days on Market
- 176
- Style
- 53 - Tri-plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,100
- Area Total SqFt
- 2100
- Annual Tax Ammount
- 14953
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 4,440
- Sewer
- Sewer Connected
Property Description
WELCOME TO VILLA ICON—A RARE, FRESHLY REMODELED ALKI WATERFRONT TRIPLEX. LIVE, WORK, INVEST OR DEVELOP. Directly across from the water on iconic Alki Avenue, this exceptional property offers three distinct residences—a studio, 1-bedroom and 2-bedroom—blending immediate income with remarkable flexibility and future potential. Two residences are currently leased, while the studio is ready to live in, welcome guests, create a private office or flex space, or generate additional rental income. Wake to sweeping Puget Sound and Olympic Mountain views, watch ferries and boats glide by, stroll the beach and waterfront path, and end the day with unforgettable Alki sunsets. Restaurants, cafés and recreation are just outside your door, with downtown Seattle minutes away. Hold as an income-producing asset, create your own Alki home base, or explore future development potential. THREE RESIDENCES. ONE ICONIC WATERFRONT ADDRESS. ENDLESS POSSIBILITIES. Buyer to verify development feasibility and intended use.
Additional Information
- List Date
- 2026-03-27 06:43:11
- Community
- Alki
- Net Operating Income
- $45,047
- Gross Adjusted Income
- $60,000
- Gross Scheduled Income
- $88,800
- Total Monthly Income
- $7,400
- Gross Rent Multiplier
- 14.58
- Total Expenses
- $14,953
- Cap Rate
- 3.48
- Total Number of Units
- 3
- Unit Name
- 1768
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1945
- View
- City, Islands, Mountains, Ocean, Sound, Territorial
- Roof
- Built-Up
- Site Features
- Cable TV, Deck, Dog Run, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,400
- Gross Scheduled Income
- $88,800
- Gross Adjusted Income
- $60,000
- Tax Year
- 2025
- Total Expenses
- $14,953
- Net Operating Income
- $45,047
- Gross Rent Multiplier
- 14.58
- Cap Rate
- 3.48
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.