Listed by Windermere West Metro
$2,900,000
$200K PRICE DROP

Estimated payment $17,009/month

Total Views 12,618
6 Beds
6 Baths
3,720 Sq Ft
$780 Price per Sq Ft

Highlights

  • Views of a Sound
  • Home fronts a sound
  • No HOA
  • Alki Elementary School Rated A-
  • Deck
  • Patio

About This Home

Alki Beach Waterfront Triplex! Well maintained multi-family property located on Seattle's "Gold Coast". Breathtaking views of Sound, Mountains & Space Needle from each apartment will delight your tenants. Three 2-bdrm, 2 bth units each with w/d, reserved pkg & deck/patio. With new Hardie Plank siding (2021) & cedar facade, 3003 Alki has great street appeal. Situated on a “quiet stretch” (local access for residents) & w/38 (+/-) ft. of prime waterfront–incl. tidelands–there are limitless "beachy" activities & an easy stroll to local eateries; from Cactus to casual bites. A once-in-a-lifetime opportunity to invest in a 49-yr family-owned property at a superb location; for your own portfolio or a legacy for future generations. Aloha from Alki!

Listing Agent

Randie Stone

Windermere West Metro License #19165 Listed on: 02/21/2025

Windermere West Metro

Co-Listing Agent

Rickey Lohr

Windermere West Metro License #17793

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2330502

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,700

Year Built

  • Built in 1976

Lot Details

  • 9,417 Sq Ft Lot
  • Lot Dimensions are 38x247
  • Home fronts a sound
  • Partially Fenced Property
  • Property is in good condition

Property Views

  • Views of a Sound
  • Bay
  • City
  • Mountain

Home Design

  • Triplex
  • Flat Roof Shape
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 3,720 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Bulkhead
  • Deck
  • Patio

Schools

  • Alki Elementary School
  • Madison Mid Middle School
  • West Seattle High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Alki Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 014800081201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,700

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1976
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3720
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Flat
  • View: Bay, City, Mountain(s), See Remarks, Sound
  • Lot Features: Adjacent to Public Land, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront Features: Bulkhead, Saltwater, Sound
  • Waterfront: Yes
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood
  • Property Condition: Good
  • Structure Type: Triplex
  • WaterAccess: Tideland Rights

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: SCL
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 4265.37

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Not Applicable
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: West Seattle High
  • Middle Or Junior School: Madison Mid

Lot Info

  • Parcel Number: 014800081201
  • Lot Size Acres: 0.2162
  • Lot Size: 38x247
  • Lot Size Sq Ft: 9417
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 28.13
  • LeasedItems: None
  • TotalMonthlyIncome: 9185

Multi Family

  • Gross Scheduled Income: 110220
  • Net Operating Income: 74396
  • Number Of Units Total: 3
  • Electric Expense: 172.8
  • Insurance Expense: 3275
  • Leasable Area: 3720
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 18699.55

MLS Schools

  • Elementary School: Alki

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $18,619 $1,958,000 $1,218,000 $740,000
2023 $18,700 $2,003,000 $1,125,000 $878,000
2022 $16,185 $2,125,000 $1,090,000 $1,035,000
2021 $17,045 $1,776,000 $1,004,000 $772,000
2020 $16,776 $1,780,000 $997,000 $783,000
2018 $16,396 $1,886,000 $996,000 $890,000
2017 $14,191 $1,675,000 $904,000 $771,000
2016 $13,645 $1,497,000 $861,000 $636,000
2015 $12,189 $1,405,000 $809,000 $596,000
2014 -- $1,283,000 $798,000 $485,000
2013 -- $1,102,000 $694,000 $408,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Price Changed $2,900,000 -6.5% $780 / Sq Ft
02/21/2025 02/21/25 For Sale $3,100,000 -- $833 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Pacific Nw Tit
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2330502

Northwest Multiple Listing Service (NWMLS)

APN: 014800-0812