2440 Alki Avenue SW Seattle, WA $ 6,500,000
2440 Alki Avenue SW
$ 6,500,000
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2440 Alki Avenue SW

Seattle, WA, 98116
$ 6,500,000
Baths0.0

Monthly Estimate*

$ 40,022

Listed by Urban Commercial Partners, LLC
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Studio

Multi-Family Home for sale in Seattle, WA

for $6,500,000. This home was built in 1984 on a lot size of 0.2225.

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!

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Multi-Family Active

Price

$ 6,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 45,450

Style

10+ Units

Lot Size

0.2225

Year Built

1984

Town/City

Seattle

County/Region

King

MLS | Web ID

2484395

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1984
View Sound
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Sound
County King
Net Operating Income 273444
Insurance Expense 12331
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Alki
Special Listing Conditions None
Status Active
Directions Heart of Alki Beach - See mapping apps.
City Seattle
Senior Community Y/N N
High School District Seattle
Number Of Units Total 10
MLS Area 140 - West Seattle
Lot Size Units Square Feet
Lot Size Square Feet 9694
Carport Spaces 5
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 45450
Electric Expense 0
Fuel Expense 0
Property Condition Very Good
Public Remarks 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 w
Leasable Area 15300
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Elevator Thermal Windows
Units Below Grade false
Units In Building Total 10
Water Sewer Garbage 19114
Property Style 56 - 10+ Units
Cap Rate 4.21
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Exterior
Exterior Amenities Stucco
Building Area Total 0
Lot Size Acres 0.2225
Waterfront Y/N Y
Covered Spaces 5
Irrigation Water Rights Y/N N
Parking Uncovered Total 11
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Interior
Total Fireplaces 0
Total Stories 4
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2484395
Street Number 1 2440
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* Excluded Features
List By
Pat Suarez

Listing Agent

Urban Commercial Partners, Llc

Broker

Affordability Calculator

$43,809
Per Month
91%
9%
0%
Monthly Principal & Interest
$40,022
Monthly Property Taxes
$3,788
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/25/2026$6,500,000 Listed Price

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2440 Alki Avenue SW, Seattle, WA, 98116 is a Multi-Family Home for sale at $6,500,000 with a lot size of 0.2225. 2440 Alki Avenue SW is a studio with 0.0 baths and was built in 1984. The property's zip code is 98116 which is in Seattle, WA