Listed by Westlake Associates, Inc.
$7,900,000
PENDING

Estimated payment $48,788/month

Total Views 1,300
50 Beds
36 Baths
43,441 Sq Ft
$182 Price per Sq Ft

Highlights

  • Views of a Sound
  • 0.35 Acre Lot
  • No HOA
  • Lafayette Elementary School Rated A-
  • Deck
  • Vinyl Plank Flooring

About This Home

Terrace Villa is a four-story wood-framed building constructed in 1990. The property comprises 36 apartment units and includes two levels of secured parking with 49 stalls, 11 of which are tandem. Within the parking garage there are 10 storage lockers and a large storage room with the potential to accommodate 10 additional lockers. The building features a secure entrance with a remote intercom system, a lobby, and an elevator. The unit mix includes 22 one-bedroom/one-bath units, averaging approximately 605 SF, and 14 two-bedroom units, each around 851 SF. All units are equipped with dishwashers, electric fireplaces, and large windows. Most units also offer private decks with sweeping views of Seattle and the surrounding area.

Listing Agent

Matthew Weber

Westlake Associates, Inc. License #50224 Listed on: 09/22/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2436117

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $82,851

Year Built

  • Built in 1990

Lot Details

  • 0.35 Acre Lot
  • Gated Home

Property Views

  • Views of a Sound
  • City
  • Mountain
  • Limited

Home Design

  • Flat Roof Shape
  • Wood Siding
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 43,441 Sq Ft Home
  • 4-Story Property

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 50 Bedrooms
  • 36 Bathrooms

Parking

  • 49 Parking Spaces
  • 49 Covered Spaces

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • West Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9297301885

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$82,851

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1990
  • MLS Status: Pending Feasibility
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 43441
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 50
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Elevator,Storage

Exterior Features

  • Roof: Flat
  • View: City, Mountain(s), Partial, Sound
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Metal/Vinyl, Wood
  • Exterior Features: Metal/Vinyl, Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 49
  • Open Parking: No
  • Total Parking Spaces: 49

Utilities

  • Sewer: Sewer Connected
  • Security: Security Gate
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9297301885
  • Lot Size Acres: 0.3526
  • Lot Size Sq Ft: 15360
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Gated Entry
  • MLSLotSizeSource: KCA
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.03
  • LeasedItems: None
  • TotalMonthlyIncome: 59706

Tax Info

  • Year: 2025
  • Tax Annual Amount: 82851

Multi Family

  • Number Of Units Total: 36
  • EnergySource: Electric
  • UnitsBelowGrade: false

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2025 10/03/25 Pending -- -- --
09/22/2025 09/22/25 For Sale $7,900,000 +51.5% $182 / Sq Ft
11/21/2012 11/21/12 Sold $5,215,000 -2.5% $202 / Sq Ft View Prior Sale
06/05/2012 06/05/12 Pending -- -- --
05/22/2012 05/22/12 For Sale $5,350,000 -- $208 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2436117

Northwest Multiple Listing Service (NWMLS)