2434 55th Avenue SW Seattle, WA $ 1,395,000
2434 55th Avenue SW
$ 1,395,000
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2434 55th Avenue SW

Seattle, WA, 98116
$ 1,395,000
Baths0.0 Sq 2,850

Monthly Estimate*

$ 8,589

Listed by Knipe Realty ERA Powered
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Studio

Multi-Family Home for sale in Seattle, WA

for $1,395,000. This 2,850 square foot home was built in 1920 on a lot size of 0.0918.

Classic West Seattle Charm, a rare Multi-Family Opportunity in Alki. Discover a perfect blend of vintage character and modern potential in the heart of Seattle’s iconic Alki district. Just blocks from the salty breeze and vibrant energy of Alki Beach, this 1920s residence offers a massive 2,850 square feet of living space, thoughtfully configured for maximum versatility. The property features a strategic layout designed for both privacy and community. The upstairs unit serves as the primary retreat, offering 3 bedrooms and 1 bath, highlighted by an expansive outdoor deck—perfect for soaking in the neighborhood's relaxed atmosphere or hosting summer gatherings after a day on the waterfront. Below, you will find two additional units, each featuring 2 bedrooms and 1 bath, with their own dedicated private patios. Whether you are looking to bolster your investment portfolio or create a unique multi-generational compound, this property stands as a canvas for your vision. The home retains the sturdy soul of its 1920 construction, featuring a spacious floor plan that is increasingly difficult to find in West Seattle’s competitive market. Situated on a 4,000 square foot lot, the location is unparalleled. Enjoy effortless access to the Alki Trail, local dining favorites, and the scenic Water Taxi for a quick, beautiful commute to Downtown Seattle. Embrace the quintessential Pacific Northwest lifestyle where historic charm meets the limitless potential of a premier community.

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Multi-Family Active

Price

$ 1,395,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,087

Style

Tri-plex

Lot Size

0.0918

Year Built

1920

Town/City

Seattle

County/Region

King

MLS | Web ID

2514034

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Year Built 1920
View Territorial
Property Subtype Multi Family
Tax Year 2025
Building Name Wickstroms Tract Unrec Pl
County King
Net Operating Income 51973
Insurance Expense 2400
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Alki
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Alki to 55th Sw
High School Buyer To Verify
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Number Of Units Total 3
MLS Area 140 - West Seattle
Lot Size Units Square Feet
Lot Size Square Feet 4000
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Buyer To Verify
Tax Annual Amount 11087
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Classic West Seattle Charm a rare Multi-Family Opportunity in Alki. Discover a perfect blend of vintage character and modern potential in the heart of Seattles iconic Alki district. Just blocks from
Leasable Area 2850
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 0
Property Style 53 - Tri-plex
Cap Rate 3.7
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Exterior
Exterior Amenities Wood Products
Water Source Public
Total Parking 2
Foundation Details Slab
Building Area Total 2850
Lot Size Acres 0.0918
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Patio
Parking Uncovered Total 2
Lot Number 12
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
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 NWM2514034
Street Number 1 2434
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* Excluded Features
List By
Dave Sobolik

Listing Agent

Knipe Realty Era Powered

Broker

Affordability Calculator

$9,513
Per Month
90%
10%
0%
Monthly Principal & Interest
$8,589
Monthly Property Taxes
$924
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
3100738 Elementary School
3100363 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2026$1,395,000 Listed Price

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2434 55th Avenue SW, Seattle, WA, 98116 is a Multi-Family Home for sale at $1,395,000 with 2,850 sqft and a lot size of 0.0918. 2434 55th Avenue SW is a studio with 0.0 baths and was built in 1920. The property's zip code is 98116 which is in Seattle, WA