2440 Alki Ave SW Seattle, WA 98116
Alki NeighborhoodEstimated payment $37,173/month
Highlights
- Views of a Sound
- Home fronts a sound
- Thermal Windows
- Alki Elementary School Rated A-
- No HOA
- 5-minute walk to Alki Beach Park
About This Home
Rare opportunity to acquire the Alki Surf Apartments, a trophy waterfront asset in the heart of West Seattle's iconic Alki Beach - one of Seattle's most coveted waterfront corridors with unobstruted west facing views of Puget Sound. First time on the market since the asset was originally developed in 1984. 10 large residential units including (6) 2 bed/2 bath units and (4) 3 bed/2 bath units all with private west-facing balconies. This opportunity offers immediate upside with minimal capital investment. In place rents are approximately 20% below market with additional income growth available through the optimization of utility reimbursement and parking income. Recent Capital Improvements include: New Roof, New Windows, Exterior Paint, New Decks and New Gutters. Must see!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2484395
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $45,450
Year Built
- Built in 1984
Lot Details
- 9,694 Sq Ft Lot
- Home fronts a sound
- Property is in very good condition
Parking
- 5 Covered Spaces
Home Design
- Composition Roof
- Stucco
Interior Spaces
- 4-Story Property
- Thermal Windows
- Views of a Sound
Bedrooms and Bathrooms
- 24 Bedrooms
- 20 Bathrooms
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- Alki Subdivision
Listing and Financial Details
- Assessor Parcel Number 6372000090
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $45,450 | $4,748,000 | $1,938,800 | $2,809,200 |
| 2023 | $46,292 | $5,128,000 | $1,938,800 | $3,189,200 |
| 2022 | $47,773 | $5,511,000 | $1,647,900 | $3,863,100 |
| 2021 | $53,658 | $5,245,000 | $1,551,000 | $3,694,000 |
| 2020 | $55,624 | $5,616,000 | $1,454,100 | $4,161,900 |
| 2018 | $45,587 | $4,990,000 | $1,357,100 | $3,632,900 |
| 2017 | $38,488 | $4,652,000 | $1,163,200 | $3,488,800 |
| 2016 | $37,231 | $4,053,000 | $1,066,300 | $2,986,700 |
| 2015 | $29,774 | $3,828,000 | $969,400 | $2,858,600 |
| 2014 | -- | $3,120,000 | $969,400 | $2,150,600 |
| 2013 | -- | $3,000,000 | $969,400 | $2,030,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/24/2026 02/24/26 | For Sale | $6,500,000 | -- | -- |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2484395
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Ask me questions while you tour the home.